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Bill: Economic Reform Bill
Details
Submitted by[?]: Partidul Social Democrat
Status[?]: defeated
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: February 4109
Description[?]:
| A bill to introduce some more moderate measures into the economy, in order to provide the government with the opportunity to intervene in the economy where the free market requires correction. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: All banks are privately owned.
Current: The government operates and owns all banks.
Proposed: The government operates a central bank and all other banks are private.
Article 2
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is allowed to float, and the government does not intervene at all.
Current: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
Proposed: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
Article 3
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Current: Certain industries are owned by the state, all others are under private ownership.
Proposed: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Article 4
Proposal[?] to change Policy on monopolies (this general law is superceded by other laws relating to specific parts of the economy).
Old value:: Monopolies are forbidden, and are actively broken up.
Current: Monopolies are forbidden, and are actively broken up.
Proposed: Monopolies are only forbidden in specific sectors of the economy.
Article 5
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are allowed and are unregulated.
Current: Stock exchanges are allowed but are regulated.
Proposed: Stock exchanges are allowed but are regulated.
Debate
These messages have been posted to debate on this bill:
| Date | 02:50:33, October 21, 2016 CET | From | Partidul Poporului Noului Endralon | To | Debating the Economic Reform Bill |
| Message | We think this bill is toxic for our economy. The banking system as is is fine. And that the social democrats want monopolies is even worse. Henrik Magyar Parliamentry leader NEPP |
| Date | 11:30:28, October 21, 2016 CET | From | Moderate Party | To | Debating the Economic Reform Bill |
| Message | We think this is a reasonable and moderate bill, proposing common sense regulations. We question Article 4 strongly however and wonder if monopolies can ever be desirable, public or private. Traian Ponta Chairman of the Moderate Party |
| Date | 12:34:22, October 21, 2016 CET | From | Partidul Poporului Noului Endralon | To | Debating the Economic Reform Bill |
| Message | We see not how this is moderate, the stock exchange cannot be regulated, must we tell people to not sell their shares? Who are we to say this? Secondly the government cannot go and decide who to bail out, if we do so we choose the winners and the losers, it will lead to crony capitalism and we will not support that. Henrik Magyar Parliamentry leader of the NEPP |
| Date | 13:02:43, October 21, 2016 CET | From | Partidul Social Democrat | To | Debating the Economic Reform Bill |
| Message | The government should be prepared to make tough decisions when it comes to the economy, intervening to preserve the jobs of citizens- on occasions where widespread unemployment is the alternative- is one such decision. We don't feel the system is 'fine' because it has lead to the fate of the population lying in the hands of a small clique of capitalists. Nic Stefan Chair of the Committee Kizenian Partidul Lucrătorilor |
| Date | 14:14:49, October 21, 2016 CET | From | Moderate Party | To | Debating the Economic Reform Bill |
| Message | The stock market is regulated in some form practically every country in Terra (http://classic.particracy.net/viewvariable.php?variable=STOCK_EXCHANGE). Of course, this bill is sensible and moderate, it hardly proposes to ban the stock market or nationalise it as we see in countries like Zardugal or Dundorf. Nearly half of all Terran countries offer the same mild regulation in this bill. Stock market regulation is not about telling people what shares to buy but rather regulating the practices carried out and instilling a code of ethics in an industry bedeviled by excessive greed, fraud and corruption. It would protect the good investors from the dangerous corrupt minority of stockbrokers and other functionaires who seek to defraud them. Traian Ponta Chairman of the Moderate Party |
| Date | 17:11:54, October 21, 2016 CET | From | Partidul Social Democrat | To | Debating the Economic Reform Bill |
| Message | I echo the remarks by Mr Ponta. We don't feel that anything in this bill is particularly radical, in future we would like to expand upon this bill further but at the moment we understand that rapid change can be disruptive to the economy and that it is an unnecessary burden on the lives of our citizens if they are forced to hastily change their practices. I'd like to offer a comment on monopolies too. This is not to say we support monopolies fundamentally, we are just suggesting that they should not be banned outright universally. For example, in the future, the government may want to provide nationalised railways or healthcare. We don't want the government to be in the strange and paradoxical situation where it is being forced to dismantle its own firms. Nic Stefan Chair of the Committee Kizenian Partidul Lucrătorilor |
| Date | 23:53:21, October 21, 2016 CET | From | Uniunea Hosia Democrată | To | Debating the Economic Reform Bill |
| Message | OOC: I've always presumed the monopolies law related to the private sector only - although I guess perhaps there's room for ambiguity/interpretation there! To me it wouldn't make sense if it applied to the public sector, since that would potentially put it into conflict with many of the other law sets. IC: The Confederation has a history of swinging from unrestrained capitalism, to extreme socialism and then back to unrestrained capitalism again. This is now what we need. What we need is exactly what is being proposed here - a sensible middle way, between the two extremes. The free market is fine, but we must be clear the the free market is there to serve the needs of the people - and not the other way around! Lucian Petrescu Chairman of the Hosian Democratic Union |
| Date | 00:08:49, October 22, 2016 CET | From | Partidul Social Democrat | To | Debating the Economic Reform Bill |
| Message | OOC: I always treated it as being universal, in the past I've even created legislation to define exactly where monopolies were permitted. IC: Hear, hear! Nic Stefan Chair of the Committee Kizenian Partidul Lucrătorilor |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 0 | ||||
| no | Total Seats: 451 | ||||
| abstain |
Total Seats: 0 |
| Random fact: Alduria, Rildanor and Lourenne all have Canrilaise (French) cultures. |
| Random quote: "Any law which violates the inalienable rights of man is essentially unjust and tyrannical; it is not a law at all." - Maximilien Robespierre |