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Bill: Economic Reform of 4413
Details
Submitted by[?]: 変化する (Change)
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: July 4414
Description[?]:
| A reform for the economic empowerement of Sekowo and its people. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: All banks are privately owned.
Current: The government operates a central bank and all other banks are private.
Proposed: The government operates a central bank and all other banks are private.
Article 2
Proposal[?] to change Energy regulation.
Old value:: Energy is provided by private companies which are not subject to any special regulations.
Current: Energy is provided by nationalised companies.
Proposed: Energy is provided by private companies but the prices they can charge are regulated.
Article 3
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 kept within a defined band of fluctuation.
Proposed: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
Article 4
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors may freely invest in national companies.
Current: Foreign investors need to obtain government approval for all investments in national companies.
Proposed: Foreign investors may invest in national companies, but may not get a majority share.
Article 5
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: The government subsidizes private enterprises that face bankruptcy.
Proposed: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Article 6
Proposal[?] to change The government's policy concerning phone services.
Old value:: There are no regulations on phone service.
Current: Telephone lines are provided free of charge to all citizens.
Proposed: The state regulates the rates providers can charge for phone service.
Article 7
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are allowed and are unregulated.
Current: This is left to the local governments.
Proposed: Stock exchanges are allowed but are regulated.
Article 8
Proposal[?] to change Government policy on Democratic Workers' Councils.
Old value:: The government does not intervene in the marketplace with regards to Democratic Workers' Councils.
Current: The government encourages the formation of Democratic Workers' Councils through subsidies and tax exemptions.
Proposed: The government encourages the formation of Democratic Workers' Councils through subsidies and tax exemptions.
Debate
These messages have been posted to debate on this bill:
| Date | 03:21:44, June 24, 2018 CET | From | Jiyū Party of Sekouo (自由党) | To | Debating the Economic Reform of 4413 |
| Message | We oppose all articles on the grounds of it completely being in opposition to our party's principles. Also article 2 opens up the ability for a select few major companies to control the cryptocurrency market keeping out competition, a oligarchy would form as a result. |
| Date | 07:08:57, June 26, 2018 CET | From | New Progress Party (新進党) | To | Debating the Economic Reform of 4413 |
| Message | The NPP supports Articles 1, 2, 3, 5 and 7 on the grounds that they are necessary for economic growth and social well being. However the policies are too extreme and would impose an economic burden on Sekowo which is not needed in the present climate. |
| Date | 07:10:42, June 26, 2018 CET | From | New Progress Party (新進党) | To | Debating the Economic Reform of 4413 |
| Message | We shall propose an Act after the election which reverses the more extreme components of this bill, and will vote in favour for now on the grounds that we support the majority of the proposals. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 58 | ||
| no | Total Seats: 74 | ||
| abstain |
Total Seats: 45 |
| Random fact: Before creating a party organisation, check to see whether there are any existing organisations which cover the same agenda. |
| Random quote: Time and again, the police prove themselves to be the Class Enemy, an armed mob used to oppress the masses and maintain the wealthy in their privileges. ~Friedrich Pfeiffer, General Secretary of the Dorvish Communist Party |