03-12-2025, 09:09 PM
Financial reforms begin; Preparing for the transition towards capitalism.
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November 9th, 5692
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The transition away from a Dirigsme Economy towards capitalism must be careful. Radical economic changes are privy to radicalism and instability. Something that the Tripartite Kingdoms cannot afford. As such, the first step is building up the backbone of capitalism. A financial sector. Even if it isn't first class, it's a foundation that's needed. The Second Five Year Plan is expanding industries, and firms will need loans, a middle class can't be built without credit institutions, foreign investors, when the time comes, will need financial stability, and a unified financial position will be imperative for the Tripartite Kingdoms.
As such, the Central Bank of the Federal Government will be restored and empowered. It'll hold centralized control over currency, interest rates and monitor for inflation. Alongside this, regulatory departments will be needed. Departments that supervise banking, handle payment systems, prevent money laundering, and ensure financial stability.
For other banks, new ones will be needed to replace what can't be already modernized. Mandatory external audits will be ran on all banks, alongside capital adequacy assessments. Whatever is unable to be modernized will be liquidated. Furthermore, independent banks will be allowed to form, albeit with tight licensing requirements for the time being. A state development bank will also be created with a focus on internal industries, such as Steel, Aluminium, Greenhouse Agriculture, and Low End Electronics.
And credit. Credit is vital to the establishment of a middle class. As such, small business loans will be offered at low interest rates to promote businesses, help local economies and begin building a middle class. Alongside this, microcredit programs for rural communities and industrial credit lines for industries that are the key focus of the Second Five Year Plan. Furthermore, a national credit registry will be established to ensure adequate record keeping.
While the country isn't ready for a stock market, steps can be made to build the scaffolding. As such, regulations will be imposed to prepare corporate reporting standards, anti fraud regulations, and disclosure rules.
The goal is to prepare for the transition to capitalism by building the skeleton of capitalism, before building the nervous system. The transition must be smooth, clean and responsible. And the transition to capitalism will be vital for the transition to a Constitutional Democracy.
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November 9th, 5692
-------------------------
The transition away from a Dirigsme Economy towards capitalism must be careful. Radical economic changes are privy to radicalism and instability. Something that the Tripartite Kingdoms cannot afford. As such, the first step is building up the backbone of capitalism. A financial sector. Even if it isn't first class, it's a foundation that's needed. The Second Five Year Plan is expanding industries, and firms will need loans, a middle class can't be built without credit institutions, foreign investors, when the time comes, will need financial stability, and a unified financial position will be imperative for the Tripartite Kingdoms.
As such, the Central Bank of the Federal Government will be restored and empowered. It'll hold centralized control over currency, interest rates and monitor for inflation. Alongside this, regulatory departments will be needed. Departments that supervise banking, handle payment systems, prevent money laundering, and ensure financial stability.
For other banks, new ones will be needed to replace what can't be already modernized. Mandatory external audits will be ran on all banks, alongside capital adequacy assessments. Whatever is unable to be modernized will be liquidated. Furthermore, independent banks will be allowed to form, albeit with tight licensing requirements for the time being. A state development bank will also be created with a focus on internal industries, such as Steel, Aluminium, Greenhouse Agriculture, and Low End Electronics.
And credit. Credit is vital to the establishment of a middle class. As such, small business loans will be offered at low interest rates to promote businesses, help local economies and begin building a middle class. Alongside this, microcredit programs for rural communities and industrial credit lines for industries that are the key focus of the Second Five Year Plan. Furthermore, a national credit registry will be established to ensure adequate record keeping.
While the country isn't ready for a stock market, steps can be made to build the scaffolding. As such, regulations will be imposed to prepare corporate reporting standards, anti fraud regulations, and disclosure rules.
The goal is to prepare for the transition to capitalism by building the skeleton of capitalism, before building the nervous system. The transition must be smooth, clean and responsible. And the transition to capitalism will be vital for the transition to a Constitutional Democracy.
"Yet I am here, and here I shall remain to behold the world in all it's beauty"
"The world is but a stage. Why cry, when you can laugh instead? For laughter is humanity's preserve. Laugh it all off, fret not, Let's just enjoy the moment."
"The world is but a stage. Why cry, when you can laugh instead? For laughter is humanity's preserve. Laugh it all off, fret not, Let's just enjoy the moment."