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The Cape: Difference between revisions
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The Cape has a {{wp|social market economy}} with a skilled labour force and a low level of corruption. It is among the most developed economies in [[Crona]], having experienced rapid GDP growth in the mid-1990s as a function of foreign investment following political reform. The nation’s GDP growth has now slowed to approximately 5% annually, with the country’s {{wp|tertiary sector}} now fuelling growth in comparison to its {{wp|primary sector|primary}} and {{wp|secondary sector}}s. The country’s {{wp|mixed economy}} has ranked highly in economic freedom since democratization and features an “above average” {{wp|household disposable income}} in the Eastern Hemisphere. The Cape is a party to a variety of free-trade and customs agreements, most prominently with [[Faneria]] and [[Kiravia]]. The [[Cape Town Stock Exchange]] is the largest in Crona by {{wp|market capitalization}}. | The Cape has a {{wp|social market economy}} with a skilled labour force and a low level of corruption. It is among the most developed economies in [[Crona]], having experienced rapid GDP growth in the mid-1990s as a function of foreign investment following political reform. The nation’s GDP growth has now slowed to approximately 5% annually, with the country’s {{wp|tertiary sector}} now fuelling growth in comparison to its {{wp|primary sector|primary}} and {{wp|secondary sector}}s. The country’s {{wp|mixed economy}} has ranked highly in economic freedom since democratization and features an “above average” {{wp|household disposable income}} in the Eastern Hemisphere. The Cape is a party to a variety of free-trade and customs agreements, most prominently with [[Faneria]] and [[Kiravia]]. The [[Cape Town Stock Exchange]] is the largest in Crona by {{wp|market capitalization}}. | ||
The {{wp|state-owned enterprise}}s that once dominated the Capetian economy were transferred into worker ownership throughout the 2000s, with the economy today primarily composed of these large {{wp|cooperative}}s and a burgeoning sector of private businesses. Of these cooperatives [[Cape Automotive Corporation]] and [[National Oil]] rank as the largest and most internationally prominent - leading the Cape’s sizeable automotive and natural resource exploitation industries. Other former state-owned cooperatives continue to dominate the country’s {{wp|primary sector|primary}} and {{wp|secondary sector|secondary}, while newly-established cooperatives and the private sector comprise the {{wp|tertiary sector}}. | |||
With a long tradition as a coastal nation between [[Alshar]] and the Occident, and in control of the Songun Straits, the Cape is a hub for shipping in both the Odeneru and Cathay Oceans. The [[Port of Cape Town]] is located along the intersection of two of the most busiest shipping routes in the world. | With a long tradition as a coastal nation between [[Alshar]] and the Occident, and in control of the Songun Straits, the Cape is a hub for shipping in both the Odeneru and Cathay Oceans. The [[Port of Cape Town]] is located along the intersection of two of the most busiest shipping routes in the world. | ||
A vital transshipment point for goods heading to the Occident, Crona, or Alshar, the Cape is the 5th largest trading entity measured by imports and exports. Other industries such as {{wp|banking}}, {{wp|financial services}}, and {{wp|tourism}} contribute heavily to national GDP. | A vital {{wp|transshipment}} point for goods heading to the Occident, Crona, or Alshar, the Cape is the 5th largest trading entity measured by imports and exports. Other industries such as {{wp|banking}}, {{wp|financial services}}, and {{wp|tourism}} contribute heavily to national GDP. | ||
Government spending constitutes a large part of the Capetian economy as well. The federal and provincial governments subsidize or fund programs of {{wp|universal healthcare}}, universal pharmaceutical care, {{wp|social welfare}}, universal {{wp|education}}, and subsidized post-secondary education. Contributions towards these programs and services largely originates from a {{wp|land value tax}}. | Government spending constitutes a large part of the Capetian economy as well. The federal and provincial governments subsidize or fund programs of {{wp|universal healthcare}}, universal pharmaceutical care, {{wp|social welfare}}, universal {{wp|education}}, and subsidized post-secondary education. Contributions towards these programs and services largely originates from a {{wp|land value tax}}. | ||
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===Income, wealth, and poverty=== | ===Income, wealth, and poverty=== | ||
The Cape has an "above average" GDP per capita in [[Crona]], and ranks as one of the richest nations on the continent. A majority of this growth took place between the 1990s and the 2000s, with the welcoming of foreign direct investment and market reforms. | [[File:Maasvlakte, containeropslag foto1 2014-03-09 11.12.jpg|thumb|220px|right|The [[Port of Cape Town]], a majority worker-owned enterprise and the 3rd busiest container port in the world.]] | ||
The Cape has an "above average" GDP per capita in [[Crona]], and ranks as one of the richest nations on the continent. A majority of this growth took place between the 1990s and the 2000s, with the welcoming of foreign direct investment and market reforms. The dissolution of the {{wp|megacorporations}} into worker-owned cooperatives distributed much wealth from state elites to the general public, forming the basis of a sizeable {{wp|middle class}} with above-average economic power. The Cape has an unemployment rate of 4.2%, with 72% of the adult population employed. Of these, approximately ~45% are employed within a cooperative. These efforts are supported by welfare measures designed to "raise the floor", funded by a steep {{wp|land value tax}}. | |||
Recent reforms have attempted to distribute wealth more equally, for example | Although the reversal of the {{wp|proletarianization}} conducted by the party-state has proven largely successful, the Cape remains a country marred by the inequalities of the past. Wage differences between the highest-paid management roles and the lowest-paid workers continues to grow as the private sector expands, with {{wp|wealth}} outside of the middle class highly concentrated in a handful of private elites. | ||
Recent reforms have attempted to distribute this new wealth more equally, for example, for the first time in Capetian history, the introduction of a Occidental-style {{wp|income tax}}. In recent years, the state has attempted to emphasize the role of worker-owned cooperatives, and the party has finally reformed the country's largest labour union, the [[Association of Republican Labour]], into a viable {{wp|collective bargaining}} organization. | |||
===Infrastructure=== | ===Infrastructure=== | ||
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In 2020 there were 87 airports in the Cape, 11 of them being international. | In 2020 there were 87 airports in the Cape, 11 of them being international. | ||
==Demographics== | ==Demographics== | ||
==Culture== | ==Culture== | ||