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Bill: Economy privatization act of 4888
Details
Submitted by[?]: Justice and Virtue Party (JVP)
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: May 4889
Description[?]:
| Private economy is the most efficient and is the only morally right option because property rights are absolute. |
Proposals
Article 1
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 2
Proposal[?] to change The banking system.
Old value:: The government operates a central bank and all other banks are private.
Current: All banks are privately owned.
Proposed: All banks are privately owned.
Article 3
Proposal[?] to change Government policy on cryptocurrency.
Old value:: Cryptocurrency is legal and regulated, select private institutions can issue cryptocurrency.
Current: The government has no policy on cryptocurrency
Proposed: The government has no policy on cryptocurrency
Article 4
Proposal[?] to change The government's policy towards daily working hours.
Old value:: The government obligates trade unions and employers to negotiate the daily number of working hours.
Current: The government obligates trade unions and employers to negotiate the daily number of working hours.
Proposed: The government has no policy concerning daily working hours.
Article 5
Proposal[?] to change Policy on the charging and collection of interest on loans
Old value:: Banks and financial institutions charge interest on loans and are regulated
Current: The central bank determines the policy on charging interest on loans (if one exists)
Proposed: Banks and financial institutions charge interest on loans and are unregulated
Article 6
Proposal[?] to change Energy regulation.
Old value:: Energy is provided by private companies but the prices they can charge are regulated.
Current: Energy is provided by private companies which are not subject to any special regulations.
Proposed: Energy is provided by private companies which are not subject to any special regulations.
Article 7
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 8
Proposal[?] to change Employer's rights in regards to firing striking workers.
Old value:: Employers cannot fire workers who have gone on strike.
Current: Employers cannot fire workers who have gone on strike.
Proposed: Employers are free to fire workers who go on strike.
Article 9
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors may invest in national companies, but may not get a majority share.
Current: Foreign investors may freely invest in national companies.
Proposed: Foreign investors may freely invest in national companies.
Article 10
Proposal[?] to change The right to gamble.
Old value:: Gambling is legal, but only in private homes and casinos with special licences.
Current: Gambling is legal, but only in private homes and casinos with special licences.
Proposed: Gambling is legal across the nation, no regulation whatsoever.
Article 11
Proposal[?] to change Policy on employee representation on corporate boards
Old value:: One third of corporate boards must consist of employees
Current: No employee representation is required on corporate boards
Proposed: No employee representation is required on corporate boards
Article 12
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 does not intervene in the market nor provide any form of subsidies/relief to industries.
Proposed: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Article 13
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 that a full time worker on it can support a family of four without falling under the poverty line.
Proposed: There is no provision for a minimum wage.
Article 14
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: There is no policy on monopolies, they are unregulated.
Proposed: There is no policy on monopolies, they are unregulated.
Article 15
Proposal[?] to change A law on employers' obligations with regards to social security contributions.
Old value:: All enterprises are required to cover basic payroll contributions for their employees.
Current: All enterprises are required to cover basic payroll contributions for their employees.
Proposed: Employers are not required to cover payroll contributions.
Article 16
Proposal[?] to change The government's policy concerning phone services.
Old value:: The state subsidizes the phone service of low income families, and regulates the rates providers can charge for phone service.
Current: There are no regulations on phone service.
Proposed: There are no regulations on phone service.
Article 17
Proposal[?] to change Reserve requirements for bank loans
Old value:: There is a full reserve requirement for bank loans, but small banks and credit unions are exempt.
Current: There is a fractional reserve requirement for bank loans, but small banks and credit unions are exempt.
Proposed: There are no reserve requirements for bank loans.
Article 18
Proposal[?] to change The government's policy with respect to the production of pornography.
Old value:: The production of pornography is legal, but regulated.
Current: The production of pornography is treated as any other business.
Proposed: The production of pornography is treated as any other business.
Article 19
Proposal[?] to change Policy on profit sharing
Old value:: A fiscally beneficial system encourages companies to share profits with employees.
Current: The law does not mandate or encourage profit sharing programs.
Proposed: The law does not mandate or encourage profit sharing programs.
Article 20
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.
Article 21
Proposal[?] to change The workers' right to strike.
Old value:: All workers have the right to strike but certain categories of workers regarded as critical to society have to ensure a minimal service.
Current: All workers have the right to strike.
Proposed: All workers have the right to strike.
Article 22
Proposal[?] to change Trade union strike ballots.
Old value:: Trade unions must by law hold a ballot of all members before going on strike, majority approval of those that vote is needed from its members.
Current: Trade unions are not required by law to hold a ballot before striking.
Proposed: Trade unions are not required by law to hold a ballot before striking.
Debate
These messages have been posted to debate on this bill:
| Date | 18:13:47, February 07, 2021 CET | From | National Progressive Party (NPP) | To | Debating the Economy privatization act of 4888 |
| Message | Capitalism is good, however if unconstrained it becomes an engine of inequality and oppression. Regulations are thereby necessary to protect the average man. Regulations also prevent economic crisis from escalating to far, as when the economy falls, people panic, leading to more economic downturn, more panic, which repeats until either the Economy fully implodes into non-existence, or the government regulates to stop the fall, and stimulates the economy to calm people down. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 0 | ||||
| no |
Total Seats: 348 | ||||
| abstain | Total Seats: 86 |
| Random fact: http://www.fantasynamegenerators.com and http://www.behindthename.com/random are great resources for coming up with character names from unfamiliar cultures. |
| Random quote: "Power corrupts. Absolute power is kind of neat." - Don Reagan |