NationStates Jolt Archive


How do you fix an economy?

Marxist Rhetoric
14-07-2005, 00:17
I know privatisation can lead to grewater economic growth yet on a faq somewhere I read that state-controlled economies can reach frightening. I know that environment and taxation also lower your economic power. Basically, i want to know how to get my economy back on track. I assumed that education would help my economy but it hasn't helped at all. Any suggestions?
Zatarack
14-07-2005, 03:00
Pro-Business decisions help your economy. Though you may have consequences. Just look at my nation.
Czardas
14-07-2005, 05:10
I know privatisation can lead to grewater economic growth yet on a faq somewhere I read that state-controlled economies can reach frightening. I know that environment and taxation also lower your economic power. Basically, i want to know how to get my economy back on track. I assumed that education would help my economy but it hasn't helped at all. Any suggestions?Make decisions that are pro-business. If you are interested in becoming a more right-wing nation, lower taxes and outlaw minimum wage laws, and things like that. If you want to become socialist, raise taxes while allowing businesses to thrive. Try outlawing capitalism, then slowly raising your economy without affecting taxes. I've seen Corporate Police States with a "Frightening" Economy and a 100% tax rate, so it's possible.