Magna Mongadizafra, Pregame History Turn 4.
With the countries independence secure, along with a proper government, the biggest issue at hand swiftly came to be the economy and how exactly it was best to deal with it. Naturally, this was an extremely important thing, as the majority of the industry on Magna Mongadizafra was dedicated to fishing rather than processing the gems and metals inside the mountains and hills which in time's past were mostly simply sent off to Spain. But times were changing, and more than a handful of artisans to work with the materials were required, and so, a question of how best to handle the need for business that had come to arise. In the end, after debating, it was decided that the best approach was...
1. Laissez-faire. The freer the market, the freer the people. Smart men who pull themselves up by their bootstraps and get to work starting up a business, slowly becoming wealthy with a large successful business is something to be inspired by. As such, we naturally let business arise and encouraged their growth with low taxes and generous land permits, with barely any regulation at all. Needless to say, early on, a lot of smaller businesses that already existed would expand, and in time a number of mining companies and factories would properly set up shop, while the fishing industry made sure we were well fed and our lamps full of oil. Many businesses in the process fell and were bought out by their rivals, but that's just the market at work.
2. Intervention and regulation. Naturally, we needed to ensure that business weren't able to fail if they were vital, and we needed to grant a number of subsidies to keep our businesses afloat in their early stages and ensure that they kept to proper standards. A decent number of businesses would be propped up, and while a few would struggle, we ensured they'd stay afloat. Naturally, growth of the economy was fast initially, but eventually slowed and stabilized. Sometimes the government had to step in even during less turbulent times, but things went fine for the most part.
3. State Controlled for the largest businesses. It was clear that certain industries such as the mining industry which was vital for the economy, were best controlled by the state itself. After all, the state being able to direct companies and have full observation on how well they were doing so as to know when to step in immediately, along with being able to guide business to success was of utmost importance. Naturally, this was a slow process and ate up a chunk of the budget at first, but in time our economy grew to be a solid force.
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Topic: Refit and Repair 2. Magna Mongadizafra, Spring, 1896, Revision&Refit Phase. (Read 19486 times)