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 Bill
Details
Submitted by[?]: People's Democratic 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: April 4164
Description[?]:
| Make some changes. Let the free market flows in our economy. |
Proposals
Article 1
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors need to obtain government approval for all investments in national companies.
Current: Foreign investors may freely invest in national companies.
Proposed: Foreign investors may freely invest in national companies.
Debate
These messages have been posted to debate on this bill:
| Date | 19:35:40, February 09, 2017 CET | From | Commonwealth Workers Army | To | Debating the Foreign Investment Bill |
| Message | This is just a terrible idea. The CWA believes that our industry is too important to allow it to be controlled by outside agencies. |
| Date | 19:42:13, February 09, 2017 CET | From | Social Liberal Party | To | Debating the Foreign Investment Bill |
| Message | Outside agencies will bring their money and create jobs, infrastructure and wealth. And once they have put their money here, they will be as much interested in the health of our economy as we are. They will join their efforts to ours so that they do not lose their investment. We will all make a profit. We do not see any dark side to the proposal. |
| Date | 20:04:01, February 09, 2017 CET | From | Commonwealth Workers Army | To | Debating the Foreign Investment Bill |
| Message | We find the Social Liberalist Party argument naive. There are companies based here in Likatonia that are detrimental to Likatonia. The entire tobacco industry, for example, actually relies on selling a product that is explicitly harmful - lethal, even - to citizens. You cannot rely on industry to do what is in the interest of the consumer, or the country. And this is just as true when the company is outside Likatonia - except then we have even LESS capability to regulate them. The Social Liberalist Party made a ridiculous assumption, and built their argument upon it. The harsh reality is, if a Lodamese company can make a big enough short terms profit out of destroying Likatonian industry... they will. |
| Date | 20:43:15, February 09, 2017 CET | From | Social Liberal Party | To | Debating the Foreign Investment Bill |
| Message | We agree that not all business is positive for the economy and society, but, as you said, these harmful businesses can be performed by both national or foreign companies. Indeed, we are not lifting regulations on any business sector, or allowing nobody to harm our people. Anything that a foreigner can do with our industry and resources can be done equally by one of our fellow compatriots. This issue you are rising has nothing to do with this bill from our point of view. We shouldn't care who has got the ownership of private businesses, as long as they are not critical for society or become monopolies. Of course we do have market regulations, and foreign owners must keep within them, the same as everybody does. It would be much appreciated if the CWA developed the idea of a foreign country making big short term profits out of "destroying our industries". We certainly do not see the way that this could happen. Nobody invests to send their money down the drain. And remember: whatever investment might be made by foreigners, they will be buying to Likatonian current owners, so whatever damage could be done, the previous owners (which would be national) would have the money to set everything back to status quo. And this is assuming anything bad will happen. Most probably it won't. |
| Date | 04:10:16, February 11, 2017 CET | From | Commonwealth Workers Army | To | Debating the Foreign Investment Bill |
| Message | Anything that can be done by a foreigner can be done equally well by a Likatonian... BUT - of the two, only the Likatonian has to live with repercussions. To some extent. The foreigner - if he crashes the economy, he's in another country, high and dry. The second question the SLP asks confuses us. There are so many ways that a foreign company or country could capitalise on destroying Likatonian businesses - not least by asset-stripping. Or crashing a competitor. Or just plain crashing the LIK, and then profiting on the money markets. The last point the SLP made is easy to address - yes, the foreign power buys into a Likatonia business - but that doesn't mean that the Likatonian company gets paid as much as the potential damage the foreign company could do to the entire economy. The SLP view of economics is bafflingly simplistic. |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | ||||
| yes |
Total Seats: 273 | ||||
| no | Total Seats: 112 | ||||
| abstain |
Total Seats: 112 |
| Random fact: Periodically, it is a good idea to go through your nation's Treaties and arrange to withdraw from any that are unwanted. |
| Random quote: "It only takes 20 years for a liberal to become a conservative without changing a single idea." - Robert Anton Wilson |