[PASSED] Financial and Economic Education

[Araraukar]

• financial intermediation, rent-seeking behaviours,
• public goods, barriers to collective action, and inflation.

OOC: Just a question, what is meant by ^these? Aside from inflation.

[Desmosthenes and Burke]

• financial intermediation, rent-seeking behaviours,
• public goods, barriers to collective action, and inflation.

OOC: Just a question, what is meant by ^these? Aside from inflation.

OOC:

• Financial Intermediation: the process of taking in money from depositors and then lending it to a borrower. Or, for most of us, the act of being a bank.
  
• Rent Seeking: increasing one's share of existing wealth without creating new wealth. Examples: Lobbying for subsidies, tariffs, etc.
  
• Public Good: A good that is consumable by multiple people simultaneously without the ability to exclude non-paying persons. Examples: Air, police, etc
  
• Barriers to collective action: No idea. Usually this would mean something like teaching about barriers to forming syndicates or some other left-wing BS that I would not normally accuse IA of peddling.

IC: We have a certain amount of bemusement for this revolution, but we do not have any real objection as such, since any reasonable education system ought to already include basic financial literacy.

[Imperium Anglorum]

Barriers to collective action: No idea. Usually this would mean something like teaching about barriers to forming syndicates or some other left-wing BS that I would not normally accuse IA of peddling.

I've changed the wording to the more common "collective action problems".

EDIT: What is a collective action problem? https://en.wikipedia.org/wiki/Collective_action_problem . I have three classic examples: (1) global warming, (2) multipolar power balancing, (3) public goods.

[Araraukar]

OOC: Thank you both for answers. I honestly thought rent-seeking was about the financial issues involved when trying to rent an apartment (I recently moved, so that was the first association )...

[Imperium Anglorum]

Bump. And this will be next.

Edit: I'm serious this will be next, submitted forthwith before the end of the current voting period. If the resolution is perfect please tell me.

[East Meranopirus]

Bumping again to the first page now that it has been submitted. Reminder to IA to edit the title.

Some of my thoughts - on one hand, financial literacy is good, but on the other hand, realistically can we expect all nations to provide this sort of thing? Even the most advanced countries IRL are failing by this standard.

[Ransium]

This is in queue.

[Separatist Peoples]

"The C.D.S.P. looks forward to supporting this at vote."

[Araraukar]

OOC: Full support because it 1. isn't vague and 2. lacks all flowery language. ^_^ And 3. Araraukar is already in compliance anyway.

[The New California Republic]

OOC: Looks good, and applicable to nations with different economic systems. Support.

[Kenmoria]

“This proposal has my support.”

[Bananaistan]

"This a cromulent proposal in terms of the Socialism in All Countries policy of the Communism! It's A Party party and thus the People's Republic of Bananaistan offers full support despite our surprise that the proposing delegation is willing to strike such a significant blow against the globalist capitalism conspiracy. One must know thine enemy to defeat him. This proposal embiggens the international proletariat by ensuring they're aware of and understand the language of their oppressors and will hasten the revolution."

- Ted

[Absentia]

This seems monumentally over-intrusive into individual nation educational decision-making. Financial literacy is fine, but that doesn't mean it needs to be globally mandated. That should be a topic for school boards or a department of education. An AI-guided post-monetary Utopia might not have any need for most financial concepts; an agrarian anti-technology pastoralist society might not have anything beyond bartering.

[Cela]

The people of Cela have voted to go against this resolution. We find it to be rather vague on how this financial education should or could be implemented. Furthermore, Cela is a fully transitioned communist utopia. Many of the resolution's purposes would be irrelevant and pointless to our society.

- Ambassador Remming

[Desmosthenes and Burke]

Furthermore, Cela is a fully transitioned communist utopia. Many of the resolution's purposes would be irrelevant and pointless to our society.

Considering the state of WA law, ambassador, we find this hard to believe. Seeing as the WA explicitly requires you to accept patents, private ownership of property, international trade, trade syndicates, capitalist based employment relationships, recognize trademarks, recognize copyrights, and the universe of things that require the expenditure of currency, the resolution is applicable to all WA member states.

[Cela]

Considering the state of WA law, ambassador, we find this hard to believe. Seeing as the WA explicitly requires you to accept patents, private ownership of property, international trade, trade syndicates, capitalist based employment relationships, recognize trademarks, recognize copyrights, and the universe of things that require the expenditure of currency, the resolution is applicable to all WA member states.

Are you implying that socialist nations are illegal under international law?

[Cela]

The Celan people petitioned to have to the decision reconsidered. They have decided that we should support the resolution, despite not having much use for it, for the purposes of increasing international financial literacy. We believe that requiring nations to provide this knowledge to the masses will encourage reform to help protect the working class. I personally standby the previous argument made, but I will always comply with the will of the people.

- Ambassador Remming

[A Great and Free Spain]

Considering the state of WA law, ambassador, we find this hard to believe. Seeing as the WA explicitly requires you to accept patents, private ownership of property, international trade, trade syndicates, capitalist based employment relationships, recognize trademarks, recognize copyrights, and the universe of things that require the expenditure of currency, the resolution is applicable to all WA member states.

Are you implying that socialist nations are illegal under international law?

If only that were true.

"This a cromulent proposal in terms of the Socialism in All Countries policy of the Communism! It's A Party party and thus the People's Republic of Bananaistan offers full support despite our surprise that the proposing delegation is willing to strike such a significant blow against the globalist capitalism conspiracy. One must know thine enemy to defeat him. This proposal embiggens the international proletariat by ensuring they're aware of and understand the language of their oppressors and will hasten the revolution."

- Ted

I really don't know what is wrong with you.


---

We vote against this resolution. As with every single proposal from the WA, smells toxic.

[Bananaistan]

Furthermore, Cela is a fully transitioned communist utopia. Many of the resolution's purposes would be irrelevant and pointless to our society.

Considering the state of WA law, ambassador, we find this hard to believe. Seeing as the WA explicitly requires you to accept patents, private ownership of property, international trade, trade syndicates, capitalist based employment relationships, recognize trademarks, recognize copyrights, and the universe of things that require the expenditure of currency, the resolution is applicable to all WA member states.

"This is false. There is no requirement anywhere in international law that a nation must respect private ownership of property. As to the rest, these are merely the consequences of being a peaceful nation cohabiting with nations of different economic systems - none of these are required to be applied domestically."

[Love and Nature]

"Requires member nations to truthfully"

Who's truth exactly should be truthfully educated?

Capitalist, communist, anarchist, conservatist, liberalist and so on went to the sauna. Then they talked and talked about financial truths. When they came out from the sauna there were still as many truths as they were people in the sauna.

In this case truth and relativism go hand in hand. AGAINST!

[Kenmoria]

"Requires member nations to truthfully"

Who's truth exactly should be truthfully educated?

Capitalist, communist, anarchist, conservatist, liberalist and so on went to the sauna. Then they talked and talked about financial truths. When they came out from the sauna there were still as many truths as they were people in the sauna.

In this case truth and relativism go hand in hand. AGAINST!

(OOC: Many different theories can be truthful, so long as the facts themselves are not distorted. Different ideologies all rely on the same economic basis; they just interpret this evidence in a different manner.)

[Borovan entered the region as he]

Ooc: In RL, the U.S. doesn't have any requirement to require citizens to understand comingprehension of things from clause 2. there is nothing establishing concepts of saving for a personal budget and investing, credits and loans, and other aforementioned.

[Lecosia]

“Lecosia votes against. We have no need for ‘personal financial education’ and such a course would look very strange in our communal society which has largely no need for currency or savings of any kind. Furthermore, this course would take time away from other more essential schooling subjects, such as the sciences, art, and invention.”

[Desmosthenes and Burke]

Considering the state of WA law, ambassador, we find this hard to believe. Seeing as the WA explicitly requires you to accept patents, private ownership of property, international trade, trade syndicates, capitalist based employment relationships, recognize trademarks, recognize copyrights, and the universe of things that require the expenditure of currency, the resolution is applicable to all WA member states.

"This is false. There is no requirement anywhere in international law that a nation must respect private ownership of property. As to the rest, these are merely the consequences of being a peaceful nation cohabiting with nations of different economic systems - none of these are required to be applied domestically."

"We disagree ambassador. We do not believe it possible to comply with World Assembly requirements without accepting and respecting the existence of private property as a concept and fact. The concept is necessary to the functioning of numerous resolutions. You *might* be able, through severe violence to the statutes claim your citizens do not own private property (though your government would be compensating them an aweful lot when they inevitably came into possession of property through any of a myriad of means), but your government would still have to respect the ownership of property by non-citizens if it has any hope of complying with National Economic Freedoms, Concerning Financial Fraud, Freedom to Contract, World Assembly Trade Rights, International Transport Safety, and probably others we cannot recall at the moment.

Are you implying that socialist nations are illegal under international law?

Depending on one's exact definition of socialism, ambassador. While the words "socialism is illegal" do not appear, we do, in fact, maintain that the cumulative effect of the laws of the WA would make it a practical impossibility for a state to be a fully Marxist state and be in compliance with the full corpus of laws passed by this "excellent" assembly.

[Bananaistan]

"This is false. There is no requirement anywhere in international law that a nation must respect private ownership of property. As to the rest, these are merely the consequences of being a peaceful nation cohabiting with nations of different economic systems - none of these are required to be applied domestically."

"We disagree ambassador. We do not believe it possible to comply with World Assembly requirements without accepting and respecting the existence of private property as a concept and fact. The concept is necessary to the functioning of numerous resolutions. You *might* be able, through severe violence to the statutes claim your citizens do not own private property (though your government would be compensating them an aweful lot when they inevitably came into possession of property through any of a myriad of means), but your government would still have to respect the ownership of property by non-citizens if it has any hope of complying with National Economic Freedoms, Concerning Financial Fraud, Freedom to Contract, World Assembly Trade Rights, International Transport Safety, and probably others we cannot recall at the moment.

Are you implying that socialist nations are illegal under international law?

Depending on one's exact definition of socialism, ambassador. While the words "socialism is illegal" do not appear, we do, in fact, maintain that the cumulative effect of the laws of the WA would make it a practical impossibility for a state to be a fully Marxist state and be in compliance with the full corpus of laws passed by this "excellent" assembly.

"I would urge the comrade ambassador from Cela not to listen to the insane ramblings of the Desmosthenes and Burke. They can maintain what they wish but I have no doubt that they simply lack imagination and detailed knowledge of the content of the resolutions of this assembly.

"NEF merely requires compensation for property ceased by the state. This might impact a nation transitioning to communism while a WA member but only minimally. There's nothing that requires the compensation be fair or adequate. And any nation which achieves communism prior to joining the WA would have no problem.

"Concerning Financial Fraud makes no mention of private property, nor does Freedom of Contract. Also Freedom of Contract gives a state significant powers to regulate contracts. World Assembly Trade Rights merely deals with trade between nations. International Transport Safety is grasping at straws.

"Nonetheless I can assure the Ambassador that one single resolution refers to private property, and that only extends to the personal effects of diplomats. There is nothing whatsoever on the books of international law preventing a nation from ensuring that the means of production are in the hands of the workers."