NationStates Jolt Archive

From La Repubblica Oggia

http://i35.photobucket.com/albums/d197/Pacitalia/Constantino_Sorantanali_9.jpg
FPD leader Constantino Sorantanali warned
that a change in government, especially to
the PSC, which is leading national polls,
would reverse the positive growth of the
Pacitalian economy and create a "generation
living under economic impotency".

Sorantanali says PSC gov't will lead Pacitalia to "economic impotency"


By Alessandro Spinodore, Sambuca

The Federation of Progressive Democrats may be trailing in the polls but their leader does not seem to find cautious rehabilitation a good strategy as the election campaign winds down. Monday, he criticised PSC's proposed spending platform, saying their policy base has a Đ74bn accounting hole that "could only be resolved by raising taxes substantially".

Constantino Sorantanali was campaigning in Sambuca Monday and was quick to point out the PSC had failed to generate positive economic results in all of their past administrations. The Papistikas administration earned the best result after eight years in power, managing to keep the 1985 economy at the exact same size as it was in 1977, ultimately leading to the 1986-87 megarecession under the late Giorgio Cassata.

Fernando Chiovitti's "Pacitalia Strong and Free" platform includes increased spending on social programs, welfare systems and childcare assistance, with nearly one trillion doura earmarked to return at least some control of the healthcare system to the Ministry of Health. The total calls for spending of 43 trillion doura over a four-year period based on an income tax increase of 9% federally and at least 4% provincially.

However, the ProDems are calling foul play on the PSC spending platform, saying the income tax increase would need to be at least 12% federally and 7% provincially to spend that money effectually through a legitimate financial cancellation of consumption override.

Pacitalia's markets responded half-heartedly (albeit negatively) to the PSC policy, as Mandragora's PAX800 stock exchange lost 84.39 on the day to close at 43,884.1. Stock exchanges of major Pacitalian allies seemed to respond similarly, as most of them wish to see the FPD return to power. However, it's unclear whether or not the PSC economic platforms were responsible for the trading losses Monday.

The PSC are maintaining as much as a five-point lead over the incumbent FPD, with the Greens trailing third in the mid-teens in terms of percentage support. Current estimates therefore suggest either a PSC minority or an FPD minority.

"Capitalism leads to economic impotency. If you want economic potency switch to fullblown socialism."

President-for-Life Colonel Moibuto 'Scotty Doc' Musonga

Economíer Revenziat
Economic Perils in Atlantia Oceania

First Space Union, now Pacitalia, the incursion of Absolute Capitalism within the former seems to have taken a toll on regional economics, especially with news of what is considered retrogressive economic action. Further news of the region involves Pacitalian Socialist attempting to push through the greater socialization of the economy, meaning the growth of the presence of government, something that the Empire doesn't take keenly to. Evidence of the shockwaves sent through the national economy can be witnessed in the drop of some stocks, proving that investors are loosing interest with the new policies being introduced, regardless or not if they will be held as gospel in the end. Nevertheless, ProDem leader Sorantanali, the object of disdain in the Empire's economic ring, claims that he will be able to return the situation to normal. Unfortunately, the Empire has no interest in aiding Sorantanali after his blatant opposition to Macabee influence in Space Union. Then again, although economist have seen Pacitalia as a dangerous opposition, the administration does not seek to rip the short term wound between the two into a full blown diplomatic schism.

Jench Fersas, in his usual outspoken attitude, told us in an interview, "Frankly, I cannot claim that adopting a socialist government is a good call. Unfortunately, Sorantanali's attitude toward us and our policies does not make us all too eager to support his succession to Timothy Ell, a man we respected much. In terms of diplomatic pressure, we prefer to remain neutral, but our support is lingering on the edge of socialism if Sorantanali does not clean up his act. Frankly, the Empire can care less about Pacitalia's economic situation, unless Pacitalia shows that it can respect the Empire and its growth as a repaying favour."

In response to Kuampalan President Moibuto Musonga's personal response to the issue Jench Fersas had more to say, "His perspective on economics must be grotesque. Socialism, throughout history, has proved to be no more adequate than any other economic system that has dared opposed capitalism. In fact, all socialist states that have not implimented capitalism at some point, have failed. I think that is the only evidence which needs to be offered at this point. Without beating around the bush, I suggest Musonga take a look at his own poor country, and rethink his policies."

In light of the drop of market prices for certain stocks, Macabee investors have suddenly increased their capital within the Pacitalian ring, collectively purchasing over eight billion Reichmarks (Ŗ) worth of stock within the single day, and with outlook to purchase more as the Pacitalian economy shows signs of recovery. This marks a very large investment into a foreign market, although Kriegzimmer's investment in Space Union yesterday was worth trillions of Reichmarks, and is unparalled in economic history. To top it off, an investor dismissed it with, "It shows that, although in a state of war, the economy of the Empire is not one to shrug off. We can only assume how large the economy will be after the war. Its power makes me shudder." Whether this is justifiable or not will be seen, but for now, the economy seems to grow at the expense of others.