Post-crisis economic restitution act of 2021 - Drumagh

Rationale

These changes narrow public ownership to natural monopolies and strengthen financial oversight, reducing state overreach while protecting citizens from systemic risks. After the Keynesian involvment of the State during the 2020 crisis, these measures are needed to restaure normal economic activity.

Proposed Changes

	Law	Previous		Proposed
1	Public Ownership of Key Industries	Nationalise all key utilities and transport		Public ownership of natural monopolies
2	Banking & Financial Regulation	Capital controls, separated retail/investment banking		Strong prudential oversight

1

Public Ownership of Key Industries

Previous law

Nationalise all key utilities and transport

Public ownership of natural monopolies

2

Banking & Financial Regulation

Previous law

Capital controls, separated retail/investment banking

Strong prudential oversight

Proposer

Party

Radical Republican Union

A party funded by strongly anti-clerical republicans advocating for a centralised governance and economic interventionism. The Party advocates for a mixed welfare economy focused on national development through voluntarist policies. Their major cause is absolute and radical secularisation.

Core pillars

FG

Frederick Garrison

Activist · Age 27

21,731 social followers

A firebrand union organiser from Drumagh’s industrial heartlands, Frederick Garrison cut his teeth leading strikes before turning his youthful rage into political ambition, refusing to be bought even as offers mount.

🚀 Ambitious 🛡️ Incorruptible 🔨 Working Class Background 🔥 Firebrand

Timeline

Draft

24 June 2021
Vote Open

24 June 2021
Vote Closed

23 August 2021
Became Law

23 August 2021

Vote tally

Live tally across each chamber. Weighted by seats held.

First Council of Ministers

Passed

73Yes 22No 5Not voted 100 seats

For: 73 / 100 seats (73.0%)

Against: 22 · Abstained: 0 · Not voted: 5

50.1% of those voting must vote in favour (actual = 76.8%)

Party	Seats	Vote	Reason
Centralist Unity	30	Yes	With the end of the global financial crisis, we are favorable to allowing for some more freedom in the sector, as we understand this can accelerate the recovery of Drumagh's economy. Furthermore, we understand that there's no more need for the State to completely control all key utilities and transport, instead adopting a position of regulating the private development in those areas.
Radical Republican Union Proposer	28	Yes	No reason given
Revolutionary Maoist Communist Front	22	No	The so-called "return to normalcy" is nothing but a retreat to exploitation. When the state intervened during the 2020 crisis, it proved that collective ownership and public control protect the people far better than markets ever could. Now, at the first sign of stability, the bourgeois parties rush to hand our utilities, our transport, and our banks back to private capital, dressed up as restoring economic activity.The Revolutionary Maoist Communist Front rejects this counter-revolutionary rollback. Narrowing public ownership to natural monopolies abandons workers in every other key industry to the whims of profit. Softening capital controls into mere prudential oversight reopens the door to speculation, crisis, and financial parasitism. The people's industries belong to the people, permanently, not conditionally. We vote NO, and we call on all workers to resist this betrayal.
peopleswing	15	Yes	Drumagh’s People’s Wing supports public ownership of natural monopolies because essential services should remain affordable, reliable, and focused on the public interest. We also support strong banking oversight to protect financial stability, reduce risky practices, and prevent future crises while allowing the economy to recover.

The People’s Assembly

Passed

145Yes 44No 11Not voted 200 seats

For: 145 / 200 seats (72.5%)

Against: 44 · Abstained: 0 · Not voted: 11

50.1% of those voting must vote in favour (actual = 76.7%)

Party	Seats	Vote	Reason
Centralist Unity	60	Yes	With the end of the global financial crisis, we are favorable to allowing for some more freedom in the sector, as we understand this can accelerate the recovery of Drumagh's economy. Furthermore, we understand that there's no more need for the State to completely control all key utilities and transport, instead adopting a position of regulating the private development in those areas.
Radical Republican Union Proposer	55	Yes	No reason given
Revolutionary Maoist Communist Front	44	No	The so-called "return to normalcy" is nothing but a retreat to exploitation. When the state intervened during the 2020 crisis, it proved that collective ownership and public control protect the people far better than markets ever could. Now, at the first sign of stability, the bourgeois parties rush to hand our utilities, our transport, and our banks back to private capital, dressed up as restoring economic activity.The Revolutionary Maoist Communist Front rejects this counter-revolutionary rollback. Narrowing public ownership to natural monopolies abandons workers in every other key industry to the whims of profit. Softening capital controls into mere prudential oversight reopens the door to speculation, crisis, and financial parasitism. The people's industries belong to the people, permanently, not conditionally. We vote NO, and we call on all workers to resist this betrayal.
peopleswing	30	Yes	Drumagh’s People’s Wing supports public ownership of natural monopolies because essential services should remain affordable, reliable, and focused on the public interest. We also support strong banking oversight to protect financial stability, reduce risky practices, and prevent future crises while allowing the economy to recover.

First Citizen

Passed

1Yes 0No 0Not voted 1 seat

For: 1 / 1 seats (100.0%)

Against: 0 · Abstained: 0 · Not voted: 0

Passes unless the office holder votes against (abstention counts as pass)

Party	Seats	Vote	Reason
Centralist Unity	1	Yes	No reason given

Voting record

Every vote must state a public reason. Most recent first.

Centralist Unity

Voted July 26, 2021

Yes

“With the end of the global financial crisis, we are favorable to allowing for some more freedom in the sector, as we understand this can accelerate the recovery of Drumagh's economy. Furthermore, we understand that there's no more need for the State to completely control all key utilities and transport, instead adopting a position of regulating the private development in those areas.”

peopleswing

Voted June 25, 2021

Yes

“Drumagh’s People’s Wing supports public ownership of natural monopolies because essential services should remain affordable, reliable, and focused on the public interest. We also support strong banking oversight to protect financial stability, reduce risky practices, and prevent future crises while allowing the economy to recover.”

Revolutionary Maoist Communist Front

Voted June 24, 2021

No

“The so-called "return to normalcy" is nothing but a retreat to exploitation. When the state intervened during the 2020 crisis, it proved that collective ownership and public control protect the people far better than markets ever could. Now, at the first sign of stability, the bourgeois parties rush to hand our utilities, our transport, and our banks back to private capital, dressed up as restoring economic activity.The Revolutionary Maoist Communist Front rejects this counter-revolutionary rollback. Narrowing public ownership to natural monopolies abandons workers in every other key industry to the whims of profit. Softening capital controls into mere prudential oversight reopens the door to speculation, crisis, and financial parasitism. The people's industries belong to the people, permanently, not conditionally. We vote NO, and we call on all workers to resist this betrayal.”