Caphiria: Difference between revisions

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==Economy==

~~Main article:~~ Economy of Caphiria

The financial district, downtown Venceia

Caphiria has had one of the largest economies in the world for the last several centuries, during which it has seen cycles of prosperity and decline. The Imperium has a mixed capitalist economy fueled by abundant natural resources and high productivity. From 1943 to 1994, the Imperium's compounded annual GDP growth was 3.3%, compared to a 2.1% weighted average for the rest of the world during the same period. Caphiria's economy is unique in that it exhibits hyper-deregulation and minimal subsidization of a laissez-faire capitalist country, however, the extreme intervention of the government in certain markets - like public transit or national defense - is characteristic of state capitalism. On a national level, Caphiria's markets are dominated by monopolies in sparse competition while, locally, small businesses flourish on their social advantage in retail.

As of 2038, Caphiria has the world's third-largest economy in terms of nominal GDP behind Kiravia and Urcea, and the largest economy on Sarpedon, totaling approximately $52,518,626,569,717 according to the International Monetary Fund. Its diverse industries of manufacturing, technology, management, and agriculture proudly maintain a Consumer Confidence Rate of 100%, and a Worker Enthusiasm Rate of over 92%. A major factor in Caphiria's economic success has been its foreign investment portfolio, having vested controlling interests in dozens of markets such as real estate, setting up manufacturing plants, welcoming foreign business and having low corporate tax rates.

Economic policy as well as currency is regulated through the central bank, the Imperial Bank of Caphiria (though it does not maintain power over the financial sector, which has its own regulatory body). Caphiria's fiat currency is the Aureus Dollar (₳). It also maintains a legacy currency, the copper Uncia (₡). The legacy currency tends to be used by the less affluent, in rural areas and less developed regions of the Imperium. Backed by precious metals gives the government yet another avenue in which to expand and diversify their interests further, maintaining strong relationships with foreign traders. The imperial government's financial office, the Fiscus, is the highest credit rated organized body or person. It has not reneged on a debt for over 1000 years. Even in times of turmoil such as civil war, someone has claimed and payed the federal debt.

Economic policy as well as currency is regulated through the central bank, the [[Imperial Bank of Caphiria]] (though it does not maintain power over the financial sector, which has its own regulatory body). Caphiria's fiat currency is the [[Aureus|Aureus Dollar]] (₳). It also maintains a legacy currency, the copper Uncia (₡). The legacy currency tends to be used by the less affluent, in rural areas and less developed regions of the Imperium. Backed by precious metals gives the government yet another avenue in which to expand and diversify their interests further, maintaining strong relationships with foreign traders. The imperial government's financial office, the Fiscus, is the highest credit rated organized body or person. It has not reneged on a debt for over 1000 years. Even in times of turmoil such as civil war, someone has claimed and payed the federal debt.

The modern economy is 38.5% private activity, 41.2% federal government, and 20.3% provincial government. Meanwhile, a postindustrial economy is indicated by the country's small manufacturing and labor sectors (14%), and large (86%) service sector. The reason for this is that labor intensive jobs can be replaced by automated workers needing one technician where a thousand workers were once necessary. This also creates a high demand for skilled workers and creates a competitive workforce. Sectors like agriculture account for a mere 0.01% of the labor force, as farming is nearly totally automated. The state's agricultural output is still $14.1 billion. However, Caphiria has a balanced economy where no single type of job accounts for a disproportionate amount of economic activity. This protects the economy from long-term shortfalls in particular sectors that can result from changes in the structure of the economy.

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Unsurprisingly, the empire's gender gap is enormous. 75% of women who reported working in the year of the last census earned less than a third of what a male would have earned that year. Women are subject to the same minimum hourly wage as men so their lower income comes from a lack of work hours - a social disparity rather than legal inequality. Regularly working females tend to hold jobs for which men are less suited, e.g. designing women's clothes or men consider degrading to their gender, e.g. prostitution. Other jobs typically held only by females will place them underneath men, like the position of secretary, or keep them by the side of a businessman or politician. This reflects the perception Caphirians possess of distinct gender roles in society. However, there have been notable examples of women achieving coveted high ranking positions, but this greatly varies upon how progressive the company is; Quicksilver Industries is a prime example, as many women are in high ranking positions.

For both genders, work can only begin at the age of 16, when boys receive their toga virilis (toga of manhood), and children can acquire citizenship. There is no legal or customary end to a Caphirian's work life. Retirement is as rare an occurrence in modern as it was in ancient society. Only those who are debilitated by a condition, as most of the elderly were before medicine caught up to life expectancy, retire from their careers. The Latin language does not even have a term which exclusively means retirement.

For both genders, work can only begin at the age of 16, when boys receive their ''toga virilis'' (toga of manhood), and children can acquire citizenship. There is no legal or customary end to a Caphirian's work life. Retirement is as rare an occurrence in modern as it was in ancient society. Only those who are debilitated by a condition, as most of the elderly were before medicine caught up to life expectancy, retire from their careers. The Latin language does not even have a term which exclusively means retirement.

Statistics on poverty in the Imperium are not publicly available through LoN resources because the Caphirian government does not issue any. The Caphirian state discourages calling attention to or complaining about poverty. The Internal Office of the Ministry of Diplomacy arrested three reporters and held them for almost two weeks for questioning after they uploaded a video on the topic to YouTube. Authors of the video claim that 22 percent of Caphirians may be considered poor and observers researching the issue prefer to stay anonymous because of the risk of being arrested.

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 ==Economy==
-Main article: Economy of Caphiria
+{{main| Economy of Caphiria}}
 The financial district, downtown Venceia
 Caphiria has had one of the largest economies in the world for the last several centuries, during which it has seen cycles of prosperity and decline. The Imperium has a mixed capitalist economy fueled by abundant natural resources and high productivity. From 1943 to 1994, the Imperium's compounded annual GDP growth was 3.3%, compared to a 2.1% weighted average for the rest of the world during the same period. Caphiria's economy is unique in that it exhibits hyper-deregulation and minimal subsidization of a laissez-faire capitalist country, however, the extreme intervention of the government in certain markets - like public transit or national defense - is characteristic of state capitalism. On a national level, Caphiria's markets are dominated by monopolies in sparse competition while, locally, small businesses flourish on their social advantage in retail.
 As of 2038, Caphiria has the world's third-largest economy in terms of nominal GDP behind Kiravia and Urcea, and the largest economy on Sarpedon, totaling approximately $52,518,626,569,717 according to the International Monetary Fund. Its diverse industries of manufacturing, technology, management, and agriculture proudly maintain a Consumer Confidence Rate of 100%, and a Worker Enthusiasm Rate of over 92%. A major factor in Caphiria's economic success has been its foreign investment portfolio, having vested controlling interests in dozens of markets such as real estate, setting up manufacturing plants, welcoming foreign business and having low corporate tax rates.
-Economic policy as well as currency is regulated through the central bank, the Imperial Bank of Caphiria (though it does not maintain power over the financial sector, which has its own regulatory body). Caphiria's fiat currency is the Aureus Dollar (₳). It also maintains a legacy currency, the copper Uncia (₡). The legacy currency tends to be used by the less affluent, in rural areas and less developed regions of the Imperium. Backed by precious metals gives the government yet another avenue in which to expand and diversify their interests further, maintaining strong relationships with foreign traders. The imperial government's financial office, the Fiscus, is the highest credit rated organized body or person. It has not reneged on a debt for over 1000 years. Even in times of turmoil such as civil war, someone has claimed and payed the federal debt.
+Economic policy as well as currency is regulated through the central bank, the [[Imperial Bank of Caphiria]] (though it does not maintain power over the financial sector, which has its own regulatory body). Caphiria's fiat currency is the [[Aureus|Aureus Dollar]] (₳). It also maintains a legacy currency, the copper Uncia (₡). The legacy currency tends to be used by the less affluent, in rural areas and less developed regions of the Imperium. Backed by precious metals gives the government yet another avenue in which to expand and diversify their interests further, maintaining strong relationships with foreign traders. The imperial government's financial office, the Fiscus, is the highest credit rated organized body or person. It has not reneged on a debt for over 1000 years. Even in times of turmoil such as civil war, someone has claimed and payed the federal debt.
 The modern economy is 38.5% private activity, 41.2% federal government, and 20.3% provincial government. Meanwhile, a postindustrial economy is indicated by the country's small manufacturing and labor sectors (14%), and large (86%) service sector. The reason for this is that labor intensive jobs can be replaced by automated workers needing one technician where a thousand workers were once necessary. This also creates a high demand for skilled workers and creates a competitive workforce. Sectors like agriculture account for a mere 0.01% of the labor force, as farming is nearly totally automated. The state's agricultural output is still $14.1 billion. However, Caphiria has a balanced economy where no single type of job accounts for a disproportionate amount of economic activity. This protects the economy from long-term shortfalls in particular sectors that can result from changes in the structure of the economy.
@@ Line 434: / Line 435: @@
 Unsurprisingly, the empire's gender gap is enormous. 75% of women who reported working in the year of the last census earned less than a third of what a male would have earned that year. Women are subject to the same minimum hourly wage as men so their lower income comes from a lack of work hours - a social disparity rather than legal inequality. Regularly working females tend to hold jobs for which men are less suited, e.g. designing women's clothes or men consider degrading to their gender, e.g. prostitution. Other jobs typically held only by females will place them underneath men, like the position of secretary, or keep them by the side of a businessman or politician. This reflects the perception Caphirians possess of distinct gender roles in society. However, there have been notable examples of women achieving coveted high ranking positions, but this greatly varies upon how progressive the company is; Quicksilver Industries is a prime example, as many women are in high ranking positions.
-For both genders, work can only begin at the age of 16, when boys receive their toga virilis (toga of manhood), and children can acquire citizenship. There is no legal or customary end to a Caphirian's work life. Retirement is as rare an occurrence in modern as it was in ancient society. Only those who are debilitated by a condition, as most of the elderly were before medicine caught up to life expectancy, retire from their careers. The Latin language does not even have a term which exclusively means retirement.
+For both genders, work can only begin at the age of 16, when boys receive their ''toga virilis'' (toga of manhood), and children can acquire citizenship. There is no legal or customary end to a Caphirian's work life. Retirement is as rare an occurrence in modern as it was in ancient society. Only those who are debilitated by a condition, as most of the elderly were before medicine caught up to life expectancy, retire from their careers. The Latin language does not even have a term which exclusively means retirement.
 Statistics on poverty in the Imperium are not publicly available through LoN resources because the Caphirian government does not issue any. The Caphirian state discourages calling attention to or complaining about poverty. The Internal Office of the Ministry of Diplomacy arrested three reporters and held them for almost two weeks for questioning after they uploaded a video on the topic to YouTube. Authors of the video claim that 22 percent of Caphirians may be considered poor and observers researching the issue prefer to stay anonymous because of the risk of being arrested.

Caphiria: Difference between revisions

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