[PASSED] Stock Exchanges and Foreign Investment

[Araraukar]

I think it would be better if you changed "recommends" to something a little stronger because that doesn't seem like a command.

OOC: Except that changing it into "recommends" pretty much eliminated opposition from NatSov nations, since it doesn't force them to let "filthy foreigners" meddle with their economy.

Also, I suggest that you spoiler the draft when you quote it in its entirety. Less unnecessary stuff for smartphone users to scroll through. They can already see the proposal on the first page of this thread.

[Little Tralfamadore]

If this law is accepted, how will affect countries with lower GDP?
10-30m people?

More wealthier countries could purchase controlling interest in your corporations - including ones that would compete with their own companies.
This could be done to create global monopolies or to ruin your companies/economy. Heck they could even use their controlling interest to ruin your environment.

Also noting that nations which have invested in the economies of other nations are less likely to enter an armed conflict,

We note that "investing" in the economies of other nations is a great way to succed in unarmed conflict. Meddling with another countries economy could be a way to go to war with another country while following all of WA laws/regulations and without actually declaring war.

[United Federated States of Omega]

If this law is accepted, how will affect countries with lower GDP?
10-30m people?

More wealthier countries could purchase controlling interest in your corporations - including ones that would compete with their own companies.
This could be done to create global monopolies or to ruin your companies/economy. Heck they could even use their controlling interest to ruin your environment.

Also noting that nations which have invested in the economies of other nations are less likely to enter an armed conflict,

We note that "investing" in the economies of other nations is a great way to succed in unarmed conflict. Meddling with another countries economy could be a way to go to war with another country while following all of WA laws/regulations and without actually declaring war.

On your first point, everything is up to individual nations except for the fact that currency exchanges are now regulated by the ISEC. If you do not want other nations investing in your economy you don't have to let them. We just recommend that you let them.
On your second point, you could alwyas implement regulations dictating what % of companies foreign investors may own. In fact, this resolution would reserve nations the right to implement any regulations they want unless they would violate previous WA legislation.

[Nativista]

More wealthier countries could purchase controlling interest in your corporations - including ones that would compete with their own companies.

Briers chuckles harshly. "And why would we want any countries to have control over our corporations? Let alone those who are from elsewhere 'n' therefore dun understand our nation. Fer example, I reckon dese countries would probably not even know what a mieli was!"

"Also, your grammar could use some improvement." adds Benson Lieberman, Nativista's Director of Education.

[United Federated States of Omega]

More wealthier countries could purchase controlling interest in your corporations - including ones that would compete with their own companies.

Briers chuckles harshly. "And why would we want any countries to have control over our corporations? Let alone those who are from elsewhere 'n' therefore dun understand our nation. Fer example, I reckon dese countries would probably not even know what a mieli was!"

"Also, your grammar could use some improvement." adds Benson Lieberman, Nativista's Director of Education.

Here is our previous response to this.

[Y]ou could always implement regulations dictating what % of companies foreign investors may own. In fact, this resolution would reserve nations the right to implement any regulations they want unless they would violate previous WA legislation.

[Little Tralfamadore]

so if we can pass laws regulating the investments into our stock exchanges what is the purpose of this law?

A law that says you can purchase stocks in other countries exchanges - unless those other countries don't want you to?

Why have all the added bureaucratic overhead? Why suffer the added costs of the ISEC?

Empowers the ISEC to regulate the exchanges on which currencies are traded to prevent artificial manipulation of the exchange rate and to ensure that these exchanges operate without bias toward the citizens of any one nation.

Instead the exchanges may operate with the bias of the ISEC and the individuals in charge of it.


What am I misunderstanding here?

[Xanaxstan]

This idea should not be forced on every Nation in the world. This Act does not take into account that many nations, like our own, have rejected free enterprise and globalist economics. I would expect a bill to repeal this Act very soon.

[Aclion]

This idea should not be forced on every Nation in the world. This Act does not take into account that many nations, like our own, have rejected free enterprise and globalist economics. I would expect a bill to repeal this Act very soon.

This resolution doesn't require nations to allow free enterprise. It simply... actually this resolution doesn't do anything other then establish a committee with no real powers, even the recommendations are already covered by CoCR.

[Wrapper]

Stock Exchanges and Foreign investment was passed 11,041 votes to 7,627.

[Uan aa Boa]

OOC: I have to say that the implementation of this was way too powerful. It dropped my income equality stat by fully 20 points and was allegedly mild? And this was despite the fact that, as Aclion has noted, it doesn't actually do anything.

I'm particularly peeved because I have a communist state. Private enterprise is illegal here. So we're hereby recommended to open to foreign traders any stock exchanges located in our nation. That's fine, because my nation wouldn't have any stock exchanges, and even if we did we'd ignore the recommendation. There's increased regulation on currency exchanges, but like most RL communist states our currency presumably wouldn't be tradeable or legally removable from the country.

So why the sudden appearance of a group of wealthy traders? I can only surmise that they're speculating of foreign exchanges to which they can now have the recommended access. In my country they must either work for the government or for a state owned company. So why would my government so radically depart from its previous consistent economic strategy when no compulsion has been placed on it? Ridiculous.

I understand that in the coding more economic freedom is linked to more wealth gaps and that this gets applied across the board, with the effects amplified because it's a relatively new nation and the change is so out of character. Yet the game mechanics for issues are able to detect states without private enterprise and differentiate accordingly, so it shouldn't be too much to ask.

[Tinfect Diplomatic Enclave]

OOC: I have to say that the implementation of this was way too powerful. It dropped my income equality stat by fully 20 points and was allegedly mild? And this was despite the fact that, as Aclion has noted, it doesn't actually do anything.

OOC:
Complaining about stat-changes is pointless, it's done solely as a result of category and weighed strength and the current stats of the Nation the changes are being applied to. It's also all done automatically, if memory serves, not quietly manufactured behind closed-doors.

I'm particularly peeved because I have a communist state.

Then you might want to consider the fact that certain people have decided that anything short of Neoliberal 'free trade' Capitalism isn't welcome here. And don't bother bringing up the Ideological Ban rule, because they've decided that it doesn't actually do anything.

I understand that in the coding more economic freedom is linked to more wealth gaps and that this gets applied across the board, with the effects amplified because it's a relatively new nation and the change is so out of character. Yet the game mechanics for issues are able to detect states without private enterprise and differentiate accordingly, so it shouldn't be too much to ask.

Take it up with Technical, we can't do anything about this here.

[Sciongrad]

Then you might want to consider the fact that certain people have decided that anything short of Neoliberal 'free trade' Capitalism isn't welcome here. And don't bother bringing up the Ideological Ban rule, because they've decided that it doesn't actually do anything.

Don't mislead new players. The Ideological Ban rule is still being enforced and GenSec has not departed from the moderator precedent on this issue first articulated by Ardchoille, an avowed socialist.

[Tinfect Diplomatic Enclave]

Then you might want to consider the fact that certain people have decided that anything short of Neoliberal 'free trade' Capitalism isn't welcome here. And don't bother bringing up the Ideological Ban rule, because they've decided that it doesn't actually do anything.

Don't mislead new players. The Ideological Ban rule is still being enforced and GenSec has not departed from the moderator precedent on this issue first articulated by Ardchoille, an avowed socialist.

OOC:
I'm fairly certain that the rule specifically called the Ideological Ban rule somehow allowing one to functionally ban ideologies is rather the definition of not doing anything, regardless of political orientation.

[Imperium Anglorum]

OOC: I'm fairly certain that the rule specifically called the Ideological Ban rule somehow allowing one to functionally ban ideologies is rather the definition of not doing anything, regardless of political orientation.

The Ideological Ban rule does do something. It prevents someone from banning an ideology.

[Araraukar]

OOC: I'm fairly certain that the rule specifically called the Ideological Ban rule somehow allowing one to functionally ban ideologies is rather the definition of not doing anything, regardless of political orientation.

OOC: There hasn't been an actual ruling on the rule itself, just something on a specific proposal, if memory serves. The discussion about the ruling ground to a halt without a clear consensus.

[United Christian]

I am creating a repeal for this resolution:
viewtopic.php?f=9&t=411838

[Imperium Anglorum]

I am creating a repeal for this resolution:
viewtopic.php?f=9&t=411838

We can see that in the forum. There's no need to pimp it out on the original thread.