Hassan - Economic Policy

Day 590, 07:53 • Published in United Kingdom United Kingdom • by Hassan Pesaran
Economic Policy

I worked on this side of the policy very closely with a team of others, the main contributor being Iain Keers, former Minister of Finance.

While this manifesto will not be going into minute details on how everything will be carried out, it will be showing the theory and the benefits behind these policies. The main focus in the economics side relates back to "Collective Responsibility" which was shown in my introductory article.

As I am being supported by major left-wing parties, I am doing my utmost to respresent them and give the eUK a viable alternative to the UKRP stand point.

Nationalisation

You've probably heard of the Ministry of Work, which many of you will have worked for as new players. The Ministry of Work (MoW) doesn't make any money, but simply stockpiles weapons and other useful commodities whilst providing a service the private sector can't- keeping up with the demand from new citizens . However the issue is that sometimes the private sector can fail, and often the simple nature of some goods (such as food) means that a failure of business can result in a nationwide failure, with citizens health dropping and many people quitting.

Food is fundamentally the most important market in eRepublik, the price of food can determine the price of other goods. It is also the only product that every citizen needs, and is the product which is most benefitial to everyone - if you have a higher quality food, you have a higher wellness, meaning you produce more for your employer and do more damage for your country in Wars. Therefore if we can make Q2 Food cheaper, it helps everyone.

What we propose then, is to buy a few Q2 GRAIN Companies, which will be used to funnel resources into Q2 Food Companies, which will also be bought from the market from the Government. With some calculations, we can make the price of Q2 Food only 1GBP, thus allowing ALL citizens to buy it, no matter their wage.

Now, we realise that many of you may be rather concerned about the private sector. As we know, Q2 Food is rarely profitable in the eUK, and only becomes more profitable at higher qualities. Therefore we intend to offer Q2 Food General Managers the chance to sell their companies to us, and then we will assist them in finding the best way to invest their money in either a foreign Food market or a different market of their choice. If they choose to invest abroad, that will also allow us gain a handle in foreign markets, as well as increase our ties with Managers.

To view the more in-depth analysis, please view Chapter 1 of the Socialist Challenge

It will be shown in my Domestic Policies as to how these Companies will be run to their maximum efficiency.

Imports and Loans

I believe the state must take a more proactive role in one other main aspect of society - imports. As the eUK does not have all the necessary Raw Materials at a High Level, we must co-operate with local General Managers as well as foreign Finance Ministers to get the resources that the eUK needs.

What we really need is raw materials flooding into this country to make it a manufacturing haven. This means low, low import taxes, and High Quality import businesses. For this I propose we start to hand out export licences to those who can stump up the 90 gold to make a Q3 company abroad and have proven themselves to be loyal to the eUK. The condition will be that for one month the business must maintain a solid market presence on the market (i.e. an offer up all day, everyday) and then after that it must offer at least half its goods on the UK market. This way we make our own prices more competitive, which opens the doors to the export system the monetarist right-wingers are proposing.

In addition, the Minister of Trade will talk to established foreign business men and try to encourage them to invest in the eUK market and deliver their foods to local Manufacturing General Managers.

Once again, how the Minister of Trade acts will be covered in Domestic Policy

Taxes

Income tax is at the good level of 10%, but I believe that VAT should be reduced on both Weapons and Food down to 3%, as they are vital products for our citizens. For now, Moving Tickets and Gifts VAT will remain at 10%.

As mentioned before, Import Tax on all Raw Materials which the eUK does not possess will be reduced in accordance with the Import policy mentioned above

Thanks for reading and remember to vote Hassan on July 5th for a stronger economy