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Bill: Attracting Capital from around the World
Details
Submitted by[?]: AM Radical Libertarian Party
Status[?]: passed
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: May 2176
Description[?]:
WHEREAS Expansion of our industrial and financial base is a goal of our party and all foreward looking Likatonians AND this expansion requires capital investments to fuel economic growth and job creation AND our financial markets are stable and growing; THEREFORE We wish to propose opening these markets to foreign investment, allowing a flood of capital to flow into our land and fuel an economic upsurge that will benefit all citizens, no matter what their current status. |
Proposals
Article 1
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors are not allowed to invest in national companies.
Current: Foreign investors may freely invest in national companies.
Proposed: Foreign investors may invest in national companies, but may not get a majority share.
Debate
These messages have been posted to debate on this bill:
Date | 23:03:01, January 23, 2006 CET | From | Proletariat Revolution Party | To | Debating the Attracting Capital from around the World |
Message | What kind of economic impact will this have? |
Date | 04:34:16, January 24, 2006 CET | From | Commonwealth Workers Army | To | Debating the Attracting Capital from around the World |
Message | AMA sees no reason to allow foreign powers to gain controlling shares in Likatonian industry. |
Date | 07:31:50, January 24, 2006 CET | From | Likaton Fascist Front | To | Debating the Attracting Capital from around the World |
Message | Attracting capital is all very well, the trouble is when we are held to ransom by foriegn powers. Some of this pressure can be very indirect - assume 2 seperate factories in 2 contries produce the same commodities. If there there is a downturn in demand and 1 of the factories needs to be shut down you can bet it wont be in the 'home' country of the investor, leaving us to pay the for the costs incurred laying off the workforce. We see no advantage allowing this bill, however we would support the following: "Foreign investors may invest in national companies, but may not get a majority share." This way, we allow the capital to flow in while maintaining national control of our profitable industries. |
Date | 15:44:26, January 24, 2006 CET | From | AM Radical Libertarian Party | To | Debating the Attracting Capital from around the World |
Message | In the spirit of compromise, we have modified the bill as suggested by our compatriots in TOTAL. |
Date | 16:37:56, January 24, 2006 CET | From | JLP Liberation Militia | To | Debating the Attracting Capital from around the World |
Message | JLP-TLM is quite nervous about foreigners taking control of the economy. However, we will offer our lukewarm support to the re-phrased bill. |
Date | 21:14:30, January 24, 2006 CET | From | Likaton Fascist Front | To | Debating the Attracting Capital from around the World |
Message | We will support this modified bill, and we thank the RLP for their flexibility. |
Date | 04:31:03, January 25, 2006 CET | From | Commonwealth Workers Army | To | Debating the Attracting Capital from around the World |
Message | Axis Mundi Anakrousite still opposes letting the outsider have this much control of our national economy. |
Date | 13:02:08, January 25, 2006 CET | From | Likaton Fascist Front | To | Debating the Attracting Capital from around the World |
Message | We hope that other nations will reciprocate and allow Likatonian nationals to invest in their industries. |
Date | 14:35:32, January 25, 2006 CET | From | Commonwealth Workers Army | To | Debating the Attracting Capital from around the World |
Message | In which case we shall contribute their their national product, and pay their taxes. Axis Mundi Anakrousite thinks not. |
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Voting
Vote | Seats | |||||||
yes |
Total Seats: 352 | |||||||
no |
Total Seats: 110 | |||||||
abstain |
Total Seats: 38 |
Random fact: The players in a nation have a collective responsibility to ensure their "Bills under debate" section is kept in good order. Bills which are irrelevant or have become irrelevant should be deleted. Deletion can be requested for bills proposed by inactive parties on the Bill Clearout Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
Random quote: "The most certain test by which we judge whether a country is really free is the amount of security enjoyed by minorities." - John Dalberg-Acton |