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Bill: FREE MARKET ACT OF 4605
Details
Submitted by[?]: Baltusian Conservative Party
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: January 4606
Description[?]:
| The efficiency of market competition as a mechanism for allocating goods and services is a generally accepted precept. The State recognizes that past measures undertaken to liberalize key sectors in the economy need to be reinforced by measures that safeguard competitive conditions. The State also recognizes that the provision of equal opportunities to all promotes entrepreneurial spirit, encourages private investments, facilitates technology development and transfer and enhances resource productivity. Unencumbered market competition also serves the interest of consumers by allowing them to exercise their right of choice over goods and services offered in the market. Pursuant to the constitutional goals for the national economy to attain a more equitable distribution of opportunities, income, and wealth; a sustained increase in the amount of goods and services produced by the nation for the benefit of the people; and an expanding productivity as the key to raising the quality of life for all, especially the underprivileged and the constitutional mandate that the State shall regulate or prohibit monopolies when the public interest so requires and that no combinations in restraint of trade or unfair competition shall be allowed, the State shall: (a) Enhance economic efficiency and promote free and fair competition in trade, industry and all commercial economic activities, as well as establish a National Competition Policy to be implemented by the Government of the United States of Baltusia and all of its political agencies as a whole; (b) Prevent economic concentration which will control the production, distribution, trade, or industry that will unduly stifle competition, lessen, manipulate or constrict the discipline of free markets; (c) Allow and encourage foreign nationals to invest freely in national companies with ease; and (d) Penalize all forms of anti-competitive agreements, abuse of dominant position and anti-competitive mergers and acquisitions, with the objective of protecting consumer welfare and advancing domestic and international trade and economic development. |
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.
Article 2
Proposal[?] to change Policy on monopolies (this general law is superceded by other laws relating to specific parts of the economy).
Old value:: There is no policy on monopolies, they are unregulated.
Current: There is no policy on monopolies, they are unregulated.
Proposed: Monopolies are forbidden, and are actively broken up.
Debate
These messages have been posted to debate on this bill:
| Date | 11:35:56, July 13, 2019 CET | From | Democratic Conservative Party (DCP) | To | Debating the FREE MARKET ACT OF 4605 |
| Message | I don't think monopolies should r totally forbidden. |
| Date | 11:39:37, July 13, 2019 CET | From | Baltusian Conservative Party | To | Debating the FREE MARKET ACT OF 4605 |
| Message | Prime Minister, if you are going to push for a Free Market Economy under your premiership, monopolies shall be forbidden. But if you were to push a Mixed Economy, then monopolies are considered. |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 175 | |||||
| no | Total Seats: 331 | |||||
| abstain |
Total Seats: 144 |
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