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Economy of Urcea: Difference between revisions
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{{Main|Model Economy}} | {{Main|Model Economy}} | ||
===Role of the guilds=== | ===Role of the guilds=== | ||
The [[Guilds (Urcea)|guild system]] is one of the most important economic systems in the Urcean economy, with the self-regulatory system it creates touching nearly every element of Urcean economic life. Accordingly, whether or not this degree of oversight is appropriate has been a political issue in Urcea dating back to at least the mid-19th century. The traditionally {{wp|Liberalism|liberal}} portion of the political spectrum, especially those [[Crown Liberalism|Crown Liberals]] like the [[National Pact (Urcea)|National Pact]], argue that the system impedes innovation and has stifled Urcea's economic growth relative to nations like [[Caphiria]] and [[Cartadania]]. Proponents argue the system has allowed innovation by preventing the formation of {{wp|monopoly|monopolies}} and that removing the system would necessitate a new government-run regulatory system that would damage the economy; supporters also argue that the system is fundamentally just and in line with Catholic teaching on the dignity of human persons and labor. Within the current Urcean political spectrum, the Pact is generally opposed to the guilds and the [[Solidarity Party (Urcea)|Solidarity Party]] is a strong defender of the system, with the remaining minor parties holding views in between. Within [[Urcean socialist philosophy]], many socialists are deeply divided on the issue, with most [[Urcean_socialist_philosophy#Particular_Marxists|Particular Marxists]] generally holding favorable views with some reservations. | |||
===Degree of regulation=== | ===Degree of regulation=== | ||