The Evolution Of The Irish Market

Day 259, 02:42 • Published in Ireland Ireland • by 5n4keyes

Being one of the first to play eRepublik, and moving to ireland on my second day, i think im more than qualified to discuss the market and how its evolved in ireland.

When I first came to ireland, there was only 3 food companys, one owned by Landis, the other Patton, and i beleive the third was owned by a guy whos since been banned. Plus atleast one of every type of company.

The market was in all honesty then fine, alot of food, so much infact that most companys bought export licences, and shipped to countrys with less food, gifts, etc.

Then early on we began having huge dumping, where food would be placed no the market, at 200 peices at a time, for half of what it cost for us to produce it! so food wouldnt sell from irish companys, this went on for quite a while, as the import tax was raised to try and stop this happening, insted these companys would again lower there prices so there products were sold. So eventually it was decided on a really high tax rate. This kinda solved the problem, however...

What happened next and has happened several times, is irelands growth hasnt been reflected in the markets, this was mostly due to skilled workers being brought in from places like sweeden. This lead to huge holes in the food market, one which really took alot of effort to solve, with the goverment setting up training companys so people were skilled enough to produce higher quality food if food was ever short again.

More recently the focus has been on houses, i beleive up until this point there was only 1 housing company, most of the houses here were imports at crazy prices. So a massive investment was made by several people and several housing companys purchased and houses start to flow.

The irish market is very different from anywhere else, most products are sold at little over cost, infact many things like houses, run at a loss. But the reason they can do this is mostly due to groups investing together, we have people like patton, Pure Group, BAPS, ISG, all working as groups to keep the markets working, adapting to changes in the market. Yes there are people who dont own as much as these companys, but they too run on the same principles.

The irish market doesnt need more companys, the irish market needs more workers. If Victor wants this country to thrive, then logically placing as many workers into already established companys would work best, allowing once again Ireland to properly export excess goods to other countrys around the world, at cheap and affordable prices.

Ireland doesnt need Imports, we can sustain ourselves quite nicely, lowering import tax will only serve to kill what is a perfect market, and then what happens if this goes ahead, and the irish companys die, what if people stop importing? or sell there products at such a high price the irish people cant afford them?

Long term needs to be looked at rather than short term, and money should be saved for V1 of eRepublik, rather than investments made into companys that already exist, companys that are already producing whats needed.