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Bill: Capitalism Act of 5011
Details
Submitted by[?]: Capitalist party of Beluzia
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: April 5012
Description[?]:
| Laissez-faire capitalism is the only fair and moral economic system. This bill will move this country in that direction. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates large, national banks, but small community based private banks are allowed.
Current: The government operates a central bank and all other banks are private.
Proposed: All banks are privately owned.
Article 2
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 3
Proposal[?] to change Health care policy.
Old value:: Health care is entirely public and free; private clinics are banned.
Current: There is a free public health care system and a small number of private clinics, which are heavily regulated to ensure they treat their patients well and provide good care.
Proposed: Health care is entirely private.
Article 4
Proposal[?] to change The regulation of higher education.
Old value:: The government allows private higher education but regulates it to meet nationally set standards.
Current: The government allows private higher education but regulates it to meet nationally set standards.
Proposed: The government does not fund any public higher education institutions, permitting only private higher education institutions to exist.
Article 5
Proposal[?] to change Higher education institutions.
Old value:: The government maintains a system of universities, vocational schools, and colleges nationwide.
Current: The government maintains a system of universities, vocational schools, and colleges nationwide.
Proposed: The government does not maintain any forms of higher education.
Article 6
Proposal[?] to change Higher education tuition policy.
Old value:: The government fully subsidizes tuition.
Current: The government subsidizes tuition only for students from families classified as low-income or poor.
Proposed: The government does not subsidize tuition, students must pay for higher education themselves. This does not include scholarship programs.
Article 7
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The state owns the commanding heights of the economy and all major industries, but private ownership is allowed in the minor industries.
Current: Certain industries are owned by the state, all others are under private ownership.
Proposed: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Article 8
Proposal[?] to change The government's policy on advertising
Old value:: Only advertising that meets certain set standards is permitted.
Current: Only advertising that meets certain set standards is permitted.
Proposed: All advertising is permitted.
Article 9
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: Monopolies are actively enforced in all sectors of the economy.
Proposed: There is no policy on monopolies, they are unregulated.
Article 10
Proposal[?] to change Policy on profit sharing
Old value:: Companies are required to distribute a majority fraction of its profits to employees.
Current: Companies are required to distribute a minority fraction of its profits to employees.
Proposed: The law does not mandate or encourage profit sharing programs.
Debate
These messages have been posted to debate on this bill:
| Date | 22:46:46, October 11, 2021 CET | From |  The Federal Whig Party | To | Debating the Capitalism Act of 5011 |
| Message | These policies are far too radical for the UP to support. |
| Date | 22:47:13, October 11, 2021 CET | From | The Federal Whig Party | To | Debating the Capitalism Act of 5011 |
| Message | The UP's bill creates a fairer, more capitalistic society. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 0 | ||||
| no |
Total Seats: 445 | ||||
| abstain | Total Seats: 205 |
| Random fact: Character names must appear plausible and should consist of at least a first name and a surname. Exceptions to this will only be granted at Moderation's discretion and where a very strong case has been presented |
| Random quote: "Hunger makes a thief of any man." - Pearl S. Buck |