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Bill: Market Liberalization Act - 4440
Details
Submitted by[?]: Conservative Democratic Union Lodamun
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: June 4442
Description[?]:
| Mr Speaker Government interference in the market including but not limited to the banking sector is having a negative effect on economic growth. Furthermore, government interference in monetary policy gives political parties the oppurtunity to produce a temporary illusion of economic gains during election times. As such the measures we propose will not only improve our economy, but are also very important within a democracy. Luca Brankic Party leader CDUL |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates a central bank and all other banks are private.
Current: The government operates a central bank and all other banks are private.
Proposed: All banks are privately owned.
Article 2
Proposal[?] to change Government policy on cryptocurrency.
Old value:: Cryptocurrency is legal and regulated, the state will issue it's own cryptocurrency.
Current: Cryptocurrency is legal and regulated, select private institutions can issue cryptocurrency.
Proposed: Cryptocurrency is legal and regulated, select private institutions can issue cryptocurrency.
Article 3
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
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, and the government does not intervene at all.
Article 4
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Current: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Proposed: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Article 5
Proposal[?] to change The government's policy on advertising
Old value:: Only advertising that meets certain set standards is permitted.
Current: All advertising is permitted.
Proposed: All advertising is permitted.
Article 6
Proposal[?] to change The nation's policy on minimum wage regulation.
Old value:: There shall be a minimum wage at a level considered a "living wage," well above the poverty line for a full time worker.
Current: There shall be a minimum wage at a level considered a "living wage," well above the poverty line for a full time worker.
Proposed: There is no provision for a minimum wage.
Article 7
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are allowed but are regulated.
Current: Stock exchanges are allowed but are regulated.
Proposed: Stock exchanges are allowed and are unregulated.
Debate
These messages have been posted to debate on this bill:
| Date | 14:41:35, August 18, 2018 CET | From | Progressive Socialist Party | To | Debating the Market Liberalization Act - 4440 |
| Message | Mr. Speaker, While we disagree with the CDUL on much, this is taking it to a whole new level. The abolishment of a minimum wage is to the detriment of all Lodamunese, and we will not stand for it! Furthermore, these changes dangerously deregulate Lodamun, and these changes will not help Lodamun in any way. This shows who the CDUL really serves, its corporate backers! This is blatant cronyism, I tell you! The PSP will never accept such outrageous changes! Sophie Hill PSP Parliamentary Leader |
| Date | 09:04:19, August 20, 2018 CET | From | Grand Nationalist Fraction | To | Debating the Market Liberalization Act - 4440 |
| Message | Mr. Speaker, with the economic and financial problems in Kalistan, we should be vigilant for fluctuations of our currency. We will not support this bill. Louis Leloup LWA MP |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 152 | |||
| no |
Total Seats: 300 | |||
| abstain | Total Seats: 108 |
| Random fact: Moderation will not implement nation renaming requests where the proposed name does not comply with the requirements set out in the Nation Renaming Guide: http://forum.particracy.net/viewtopic.php?f=11&t=6364 |
| Random quote: "Blah blah blah- I'm more of a Leftist than all you puppets... You support cops beating people down and kicking out all the foreigners..." - Omar al-Khali, former Kalistani politician |