by Max Barry

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by Squirrel hill north. . 2 reads.

The National Assembly Abolishes the Private Sector

In a sweeping, unexpected move by the National Assembly this afternoon, legislation was passed putting to an end the private sector.

Squirrel Hill North's stock market had reportedly been plummeting, and in response, the Establishment, the coalition of the Conservative and Capitalist Parties, proposed legislation to deregulate business and give tax breaks to corporations. This was met with outrage by the Progressive Coalition as well as Communist-Anarchist Coalition, and their votes combined with the votes of Independent Party defeated the proposal.

The next morning, Socialist Party Leader Taylor Griffin put a proposal on the floor to abolish the private sector. The reasoning was that private companies had been putting their interests before those of the people, which was resulting in an economy only favoring the 1%, however even big businesses were doing poorly due to regulations instated by the Liberal Party during the 1st National Assembly. The result was a mediocre economy and unhappy citizens, and Griffin claimed that putting private businesses under state control would make the economy more fair and make life easier for poor citizens of Squirrel Hill North.

The proposal met extreme contest by the Conservative, Capitalist and Anarchist Parties, and the debate got so heated that they walked out in protest, along with members of the Independent Party and Liberal Party. In total, 398 representatives walked out of the National Assembly, but President Shawn Jackson, being the leader of the Liberal Party that supported the proposal, didn't stop the session to accommodate the protest. Instead, they plowed on, and with nearly all dissenting parties not on the Assembly floor for the vote, the Progressive Coalition has a simple majority, with 417 representatives present of the 602 total.

The Establishment, Independent Party and Communist-Anarchist Coalition have all contested the proposal already, claiming that it should be classified as "sweeping" and therefore be subject to a national referendum, and 63% of the country agrees, according to polling data.

Overall, this has been a huge victory for the Socialist Party, as they're delivering on one of the major promises made by their party platform. The Liberal Party was also very satisfied by the passage of the proposal, and during a joint press conference between President Jackson and Taylor Griffin, Jackson called the proposal "a win for democracy, for integrity, and for our people."

The economy disagrees. Only 5 hours after this proposal was passed, it has gone into full effect, with companies being possessed by the government or shut down, the international rating of the Squirrel Hill North economy's rating has dropped 12 points from 27/100 to 15/100. The Squirrel Hill North economy has dropped from a "Fair" WA rating to a "Fragile" rating, and is now in the 94th percentile internationally.

The GDP per capita in Squirrel Hill North is now down to $24,700 a person, and 56.8% of the economy is now state owned industry, with 42.7% being from the government, leaving a tiny sliver for black market activity.

There is some good news however; income equality has shrunk even more now, with the difference between the richest and poorest 10% being a little over $5000.

More on this story as it develops.

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