by Max Barry

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Economy of Gurkland: The Pegasus' Wings Thrust

Basic Datas



Sheoth is the Administrative, Technologic and Cultural Capital of the Monarchy

Summary

Currency: Gurklandian Freigeld

Exchange rate: 1₣ = 1$ Trillion

Economy type: Virtually Post-Scarcity Knowledge-based Free Market Economy

GDP (PPP): US$100175.6 Sixtillions.(GF₣1.00175 Quadrillion)

GDP growth(PPP): 7.87%

GDP per capita (PPP): US$102200 trillion.(GF₣102,220).

Distribution of family income - Gini index: 0.1(Very Low)

Inflation rate (consumer prices): Non-existing(Gesellianism effect)

Labor force: 2,471,790 Hard-working Clones with limited cognitive abilities. 373.000 Human hobbysts and owners.

Unemployment rate: (Unemployement rate compares the percent of the labor force that is without jobs.) 0.00%(Officially). 2.57%(Real data of clones at this time unemployed who are changing job)

Main industries:

-Galactic Engineering

- Cosmic Education

- Biological and Genetic Manipulation

- Magic Fitness

- Cell Regeneration

- Creative Alternative Reality Designing

Government

Taxes and other revenues(% of GDP):(Varies according to NationStates, and is equal to the income tax determined).
Budget surplus (+) or deficit (-): +32 surplus.(% of GDP)
Public debt: 0.30(% of GDP)
Corruption Perception Index: 9,5

Private Sector Situation

Gross national savings: 82%
Industrial production growth rate: 7.60%

Credit Ranking: AAA+ (Positive Outlook)

Economy
The Economy of Gurkland is the workhorse of its present state of Megapower driven by an acute concentration of philosophical science with methodologies for innovative solutions glued to a population of incredibly wealthy and wise Proprietarians that are major architects of the technological and economic success of a nation with a gross domestic product of US$100175.6 Sixtillions and a per capita income of US$102200 trillions, an abundant number enough to create a permanent post-scarcity situation nonetheless the Gurklandian marketplace is labelled by capital, land and knowledge of the value of several billion dollars.

Economic History

Gurkland's 5619 B.C. economy


GDP (Nominal): $5 Billions.

GDP (Nominal) per capita: $2800.

Population: Circa 2 millions.

The economy of Gurkland till 5523 B.C. was in a state of macroeconomic uncertainty for the outdated policies of ancient commercial isolationism of the Treasury in which the Ministers were unaware of solid, relevant logical points to free trade, for the difficulty of the microeconomic actors to make the correct decisions and ultimately due to the absence of a slave system leading the effect of significant unemployment rate above the average of terrestrial empires such as Rome and Carthage. Gurkland in its native planet was a major Great Power with the absolute domination in the supercontinent not because of some special abilities, but because it was the largest in terms of population and geographic size. In 5619 BC, the Gurklandese GDP per capita was $2800, although the North-South Gap was severe with the South having a GDP per capita of $3000 and the North of just $2600. In the North the inhabitants completely lived in small farming villages surrounded by magic with the south of merchants and scientists studying the phenomena of physics before those of the magic that then created the modern business market.
The level of education of that time in the population was restricted to basic magic sklls and suffered the effect of parochialism from village to village, even if the Intellectual Elite was the most cultured of Munilla, and this is demonstrated by the rapid philosophical development it was able to achieve in the century. In the summation North Gurkland was a flowing land of egalitarian agriculturalistic farmers in the meantime that the mineral revolution in energy intensity perfomance has spawn in South Gurkland creating formidable growth of economic productivity, akin to the human industrial revolution.
North Gurkland used very few crystals of energy to fuel its machinery even if its trade with the South was officially satisfactory. This is largely due to the North solding its minerals to buyers outside the region for finished products that filled her demand for factories locally. The lag can also be pointed to intellectuals who stopped their propensity to innovate, content to hang on the discoveries of the past and to rely on the magic that was not a complement to accelerate scientific curiosity but rather a tecnological replacement tool.
Acting as a protagonist in the financial storm of the great recession that affected all regions of the country, the North was the only one with the epidemic anemia's immunity and made extraordinary historical profits growth, raising again the regional pride and eliminating the gap, forever.

Since 5523 B.C. to 5203 B.C. BC Gurkland has always enjoyed positive growth rates before becoming a civilization of Type I, known as ''La Scintilla Planetaria '': The Global Sparkle ''.

Gurkland's 5230 B.C. economy


GDP (Nominal: $36 Trillions.

GDP (Nominal) per capita: $45,683.

Population: Circa 800 millions.

Main features of the Gurklandian economy explained by Mitriel

4 August 2XX of the Gregorian Calendar

Ladies and gentlemen listening from the most remote hips of the Multiverse's Zillion worlds, my greetings and cordial welcome here on behalf of all my fellow citizens! I address a special welcome to the many colorful and multifaceted personalities of the Head of States that are reading, have read or will read this document, and are motivated by the desire to discover what lies behind the power of our currency. A warm welcome to the world of religious associations, to the Goddess Madoka and her fervent worshipers experiencing a great love union. A special greeting to the newly elected Prime Minister Daniel Kochino.

Over more than 7,000 year have passed after the monetary reform that built our happiness, and hence we are heading into the future with the thought of the obtained results standing in our minds altogether with the results we would have been to achieve, but, however, we think it was a positive experience and fundamentally a general enrichment.
The reform had some specific goals in its program on which we focused successfully our energies and proudly we report it below:

Freigeld(Free money): All money is issued for a limited period at constant value (neither inflation, nor deflation). Hoarding (holding back) of money is discouraged by the application of a negative interest rate on a monthly or annual basis. Long-term saving requires investment in bonds or stocks or Savings Banks; both methods avoiding losses in value due to negative interest.
Freigeld is a currency burdened by a small usage fee to be paid weekly (x1000 1 a week, 5.2% per year, but depending on the pulses that the monetary authorities state deems necessary, may also vary) in practice a currency perishable like goods. The constraint arises from the fact that it is for the owner's sake to spend it before the expiration of the tax mature. In practice, a tax on paper money paid on an applicable weekly stamp (which can also be used as small change and like the rest in normal transactions, but that the state do not accept it for payment of taxes) in the spaces with preprinted date, on the back of banknote (with virtual money everything was made easy).
What are the effects on our country's system? We expect supply and demand, both having the same convenience of being exchanged concludes the transaction very quickly and monetary circulation settle at the maximum speed permitted by commercial structures, stimulating at the same time to strengthen those elements that can further increase the speed. Dispose of the old stocks, the flow of production and purchases stabilize, because as the entire production of goods constitute an offer, so the entire money supply has become demand, thus averting Capitalist crisis of overproduction. Even those who have excess money its motivated to lend, not with its own terms, but with an interest tending to zero (which compared to -5% is already quite an advantage) and all the money will be active (and not static-accumulative) , or in the hands of the owner, or in those of his debtor, because everyone benefit to pawn it. Finally, the application it is independent of market expectations, from crop forecasts, speculation, by the actions of politicians and finally by the whim of the holders. The Authority it is the true currency state regulating the market: even if the withdrawing of money over the fee freeze its movement, its provisions are effective precisely because the correction its made on a money supply in circulation, without occult masses of money hoarded. The psychological effect of such movement diminished anxiety accumulation, innovating the concept of saving.
The Freigeld actually separates the means of sharing those savings, prevents the economic stagnation and makes available many investment capital converged on productive sectors, promoting full employment, especially since the cash purchase its preferred to the one on credit, thus reducing the liquidity needs of the companies.
Ultimately, the Freigeld eliminates capitalism (in which money is set at the end of the economy and pays itself), but does not eliminate the capital, present in its active form and instrumental cause of initial production and is therefore fundamental for well-being. The Freigeld obviously does not want and can't eliminate human greed and self-interest, but forcing the application to be balanced by the supply naturally channels money towards useful purpose to society.

Freiland (free land): : All land is commonly owned or else the property of public institutions and can only be rented from the community or from government, respectively, not purchased in order to avoid speculative withdrawal of land from the market.:

What is then Freeland? In the start of the Gurklandese Existence, after a generalized expropriation of the land, the state reused with rational criteria of agricultural, urban, industrial and family usefulness and awarded temporary grants of variable length (even for life) through auction. So anyone, provided to wish earning can take in land management, mining, real estate, and industries. As long as it has a good project financially viable (in that helped by Freigeld) and desire to work. The proceeds of the fees are used by the state into forces of the national guidelines set itself democratically. Anyone who is unwilling or unable to carry out its concession period can sell the license and start a new business. At the same time, expired or solded licenses are an opportunity for those who want to move, allowing authentic freedom of movement in the territory and not abstract like in the laws of the Terrestrials.
The Freiland Project has nothing to do with the Marxist nationalization: that reduces all citizens to mere executors of a bureaucratic state master and oppressive, Free Land instead has created entrepreneurship generalized work without "entrepreneurship of possession", reducing this last to a pension more or less parasitic.
Our streamlined, democratic public administrators of the Gurkland land public company discuss and propose methods of land rent to encourage quality-quantity ratio of work,
definitively creating the conditions rewarding those who work harder and better in each sector (agriculture, industry and mining and construction).
Freihandel (Free Trade):

Total Free Trade toward any Nation. The principle of freedom of trade between us and all the other peoples is a high moral value. We argue that it allows companies or sectors to benefit from economies of scale:
It stimulates competition and provides opportunities for innovation, with these dynamic benefits are not captured by static estimates of the elimination of efficiency losses for producers, caused by distorted prices and over-production. Producers and Consumers allocate resources in the most efficient way when governments do not cause distortions in market prices through intervention of trade policy.
National welfare of smaller countries like the Shivering Isles is maximized by free trade. If there are protectionist restrictions, consumers pay higher prices.

The effects seen were the following:

•More private spending for consumption and investment.
•Consumers investing surplus money in expanding companies.
•Full employment: work for everyone who can work.
•The rate of economic growth set by the society based on the GDP.
•Interest rates dropping to almost zero percent over time.
•Freiland preventing high real estate prices.
•Social disparities ceasing to exist.

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