We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: Foreign investment law
Details
Submitted by[?]: Cooperative Commonwealth Federation
Status[?]: passed
Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: September 2057
Description[?]:
| 1. Strategic industries must be owned within Lodamun. Foreign ownership of strategic industries is not permitted. Strategic industries are determined on a case-by-case basis by the cabinet. They include but are not necessarily limited to: defence industries, financial institutions, and national transportation systems. 2. Industries of major importance (as defined by the cabinet) must have majority ownership by Lodamunian citizens. These include but are not limited to food, water, steel and technology sectors. Lodamunian citizens shall be taken to include individuals, private corporations with majority-ownership by Lodamunians, and cooperatives recognized under national cooperatives law. 3. The state shall act as investor of last resort. That is, if a private corporation in a sector of strategic or major importance fails and no domestic investors can be found, the state will provide the necessary capital investment itself. Implementation of this clause is the responsibility of the Minister of Economic Affairs in consultation with the cabinet. 4. Natural resources and land belong to the people of Lodamun. Foreign investment in these sectors shall be on a production sharing basis. Ownership remains with Lodamun, while foreign companies are permitted to provide capital and plant when working in partnership with Lodamunians. Foreign investors will receive payment in the form of 40% of production. 5. Other industries, such as luxury production, remain open to unrestricted foreign investment. All foreign investment proposals will be subject to review by a Lodamun Investment Review Agency created for this purpose. |
Proposals
Debate
These messages have been posted to debate on this bill:
| Date | 18:21:23, May 22, 2005 CET | From | Cooperative Commonwealth Federation | To | Debating the Foreign investment law |
| Message | This is only a draft for discussion. Suggestions for improvement welcome. |
| Date | 00:20:35, May 23, 2005 CET | From |  National People's Gang | To | Debating the Foreign investment law |
| Message | Seems fair enough. We'll support this bill. |
| Date | 04:40:10, May 23, 2005 CET | From | CNT/AFL | To | Debating the Foreign investment law |
| Message | Looks pretty sound, you have our support. |
| Date | 16:52:39, May 23, 2005 CET | From | Cooperative Commonwealth Federation | To | Debating the Foreign investment law |
| Message | Prepared to move to a vote, but will await the views of the Amystian Council first, since they expressed concerns on foreign ownership. |
| Date | 02:49:00, May 24, 2005 CET | From | Chorus of Amyst | To | Debating the Foreign investment law |
| Message | "3. The state shall act as investor of last resort. That is, if a private corporation in a sector of strategic or major importance fails and no domestic investors can be found, the state will provide the necessary capital investment itself. Implementation of this clause is the responsibility of the Minister of Economic Affairs in consultation with the cabinet." Does this mean that even if there are other corporations in that particular sector, the government will still fund the failing corporation? |
| Date | 04:28:36, May 24, 2005 CET | From | Cooperative Commonwealth Federation | To | Debating the Foreign investment law |
| Message | No, it is intended to ensure that the sector does not fail entirely. If there are three automobile corporations in the country, and one faces collapse, then there is no requirement for the government to prop it up. (Although the government may intervene if it chooses.) If there is only one automobile manufacturer, the government will take it over rather than allow it to collapse or be taken over by foreign interests. |
| Date | 05:24:18, May 24, 2005 CET | From | Chorus of Amyst | To | Debating the Foreign investment law |
| Message | Good. The Council will support this bill, in that case. |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | |||||||
| yes |
Total Seats: 87 | |||||||
| no | Total Seats: 0 | |||||||
| abstain | Total Seats: 0 |
| Random fact: Players have a responsibility to differentiate between OOC (out-of-character) and IC (in-character) behaviour, and to make clear when they are communicating in OOC or IC terms. Since Particracy is a role-playing game, IC excesses are generally fine, but OOC attacks are not. However, players must not presume this convention permits them to harass a player with IC remarks that have a clear OOC context. |
| Random quote: "In Germany they first came for the Communists and I didn't speak up because I wasn't a Communist. Then they came for the Jews, and I didn't speak up because I wasn't a Jew. Then they came for the trade unionists and I didn't speak up because I wasn't a trade unionist. Then they came for the Catholics, and I didn't speak up because I was a Protestant. Then they came for me--and by that time no one was left to speak up." - Pastor Martin Niemoller |