Puertegan Path to Socialism and Economy of Puertego: Difference between pages

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Puertegan Path to Socialism {{lang|es|(camino al socialismo de Puertego)}} is a {{wp|Marxist revisionist}} {{wp|socialist}} ideology based around a set of political theories and policies advocated for by the dominant party of Puertego the Puertegan White Flag communist Party that are seen by their proponents as representing {{wp|Marxism–Leninism}} but adapted and reformed to best serve Puertego for the modern circumstances it finds itself in. Most people consider the largest modern proponent of this ideology to be the current president of Puertego Matthias Torres, the primary principles advocated by him for the ideology are an opening of the formally state controlled economy to the rest of the world, a strong central government to help oversee this transition and to maintain public order during this transition, and the protecting of Puertegan culture and traditions in society.
{{wip}}
{{Infobox economy
| country    = Puertego
|image = Panama-city-panorama.jpg
|image_size = 300px
|caption = [[San Lina]], the {{wp|Financial centre|financial capital}} of Puertego
| currency  = [[Damillo]] (DMO, Đ)
| year      = {{wp|Calendar year}}
| organs    =
| group      = {{plainlist|
*{{wp|Developing country|Developing/Emerging}}
*{{wp|World Bank Lower-middle income economy|Lower-middle income economy}}}}
| gdp        = {{increase}} $1,108,410,624,000 (nominal, 2027 est.)
| gdp rank  = {{plainlist|
*[[List of countries by GDP|10th (nominal, 2028 est.)]]}}
| growth    = 9.2% (2027)
| per capita = {{increase}} $13,040 (nominal, 2027 est.)
| per capita rank = [[List of countries by GDP|6th (nominal, 2027)]]
| sectors    = *{{wp|Primary sector of the economy|agriculture}}: 25%
*{{wp|Secondary sector of the economy|industry}}: 66%
*{{wp|Tertiary sector of the economy|services}}: 4%
| components =
| inflation  = *12.5%
| bankrate  =
| poverty    = {{decreasePositive}} 36% living at or below $3.20 a day (2026)
| gini      = {{increaseNegative}} 50.8 {{color|darkred|high}}  
| hdi        = {{increasePositive}} 0.646 {{color|darkorange|medium}}
| labor      = {{plainlist|
*{{increase}} 96 million (July 2028)
*{{steady}} 80% employment rate (July 2028)}}
| occupations = {{plainlist|
*{{wp|Primary sector of the economy|agriculture}}: 57%
*{{wp|Secondary sector of the economy|industry}}: 33%
*{{wp|Tertiary sector of the economy|services}}: 10%
*(2016)}}
| unemployment = 1.2% (official numbers) 11.7% (estimated)
| average gross salary = Đ7,152,640 ($325.12) monthly (2027)
| gross median =
| average net salary = Đ4,770,920 ($216.86) monthly (2027)
| net median =
| industries = {{hlist|{{wp|machinery}}|{{wp|steel}}|{{wp|cement}}|{{wp|chemicals}}|{{wp|food processing}}|{{wp|lumber}}|{{wp|mining}}|{{wp|textiles}}|{{wp|construction}}|{{wp|alchohol}}}}
| edbr      = {{increase}} {{wp|Ease of doing business index#Ranking|Easy #76 (2027)}}
| exports    =
| export-goods = Tin, Natural Rubber, Sugar, Fish, Chemicals, Iron, Steel, Copper, Gold, Silver, Tobacco, Aluminum, Nickel, Zinc, Textiles, Machinery, Alcohol, Cement, Lithium, Paper, Diamonds, Refined Petroleum, Processed Food
| export-partners =
| imports    =
| import-goods = Grains, Corn, Pharmaceuticals, Fertilizer, Livestock, Automobiles, Electronics, Crude Oil, Natural Gas, Coal, Electricity, Broadcasting Equipment
| import-partners =
| current account =
| FDI        = {{plainlist|
*{{increase}} $512 billion (31 December 2027 est.)
*{{increase}} Abroad: $8 million (31 December 2027 est.)}}
| current account = $37,033 million (2028 est.)
| gross external debt = $1,086,181,153,981 (31 December 2027 est.)
| NIIP      =
| debt      = {{decreasePositive}} 77% of GDP (FY 2027)
| balance    = + 0.7% of CDP
| revenue    =
| expenses  =
| aid        =
| credit    = {{plainlist|
*Scope:
*BB
*Outlook: Stable}}
| reserves  = $105.2 billion
}}


== History ==
The economy of Puertego is a mixed socialist-oriented market economy with the private sector allowed to operate in much of the economy though state control still being common in many industries such as utilities and natural resources. The economy is one of the fastest growing on the continent with it consistently measuring 8-9% GDP growth every year with the economy showing no real signs of slowing in its growth any time soon unless a catastrophic event hits the economy unexpectedly. While the economy has seen rapid and continuous growth ever since 2008 there are still many people who critique many aspects of the economy such as the massive income inequality and poverty allowed to exist in it with Puertego having some of the worst income inequality in the entire world, there has also been criticism towards the countries heavy corruption in state run industries, lack of wage growth despite the growing economy, and the lack of a lot of social welfare commonly found in other countries.
The name of the ideology was first coined by Erik Alférez the founder of the Puertegan White Flag Communist Party and first president of Puertego who called it "the only way I can see Puertego having a future on the world stage". Since that time however the ideology has branched out massively from Alférez's original vision which was focused largely on social and political reforms and only had minor plans for economic reforms to prevent the economy from collapsing however Alférez did not live long enough to enshrine this aspect of the ideology into law as he died from a stroke after only 3 months in office, Victor Sanhueza the man who succeeded him had a very different view of the ideology and focused largely on preserving tradition and morality in Puertego while also building up a powerful and authoritarian government, he embarked on more economic reforms than Alférez before him such as allowing investment into state run industries and the reduction of the countries enormous tariffs but still kept the economy under strict state control with almost all of it being operated under something resembling {{wp|state capitalism}}. The Sanhueza regime was one marked by extreme repression and brutality with almost any civil liberty the constitution gave the people going completely ignored by the government with censorship and massacres being common, on top of this while his reforms allowed the economy to begin growing once again the central planning left much of the countries resources going to the industrial sector meaning that a strict rationing system of everything from food to electricity and water. He also did nothing as corruption ran rampant in the government sowing the seeds for the problem it would become in Puertego later. The economy grew in Puertego but the average Puertegan saw almost no benefit with wages remaining stagnant and social programs being cut in the name of austerity meaning that they had the lowest living standard in all of Sarpedon and one of the lowest in the world, Sanhueza attempted to distract from this by drumming up support for nationalist and irredentist sentiment however this plummeted relations with Puertego's neighboring countries and once Sanhueza announced that he would oversee Puertegan development of nuclear weapons the National Assembly who he primarily appointed members for voted unanimously to impeach him after 6 years of rule, though he was officially given amnesty for his actions Sanhueza was shortly after his impeachment executed regardless. After Sanhueza's execution in 2008 Matthias Torres was voted in as president and primarily focused on economic reforms for the ideology creating Special Investment Zones, supporting free trade, and completely scrapping price controls in order to continue growing the economy resulting in a previously unheard of 14% GDP growth in his first year in office, additionally Torres got rid of the previous constitution violating laws of Sanhueza's regime however still introduced laws to replace them which violate constitutional liberties in less blatant ways.


== Modern Day Applications ==
The Puertegan economy was formerly almost exclusively based on farming cash crops and selling them abroad with things such as sugar and rubber however in recent times the economy has been moving to a more industrialized one with the country making it very easy and profitable for companies to outsource their production to Puertego, in recent times Puertego has become a large producer of things such as steel, textiles, chemicals, various refined metals, and aluminum though natural resource extraction still remains a large sector of the economy with mining copper, tin, zinc, nickel and other minerals as well as farming sugar, rubber, and tobacco still being large industries in Puertego. Services are a small sector of the economy with the government prioritizing industry and the only real service jobs are in shipping, finance, or banking or government operated utility companies. Remittances are the last part of the Puertegan economy with the country receiving an estimated $70 billion back from the 14 million Puertegan working abroad often in [[Pelaxia]], [[Cartadinia]], and [[Caphiria]]. The economy of Puertego is largely export based with exports outnumbering imports on a scale of 12 to 1, the country is one of the world's largest importers of energy with them buying coal, oil, and natural gas from almost anyone aboard who will sell it to them as well as being a large importer of food.
=== Socialist Market Economy ===
One of the primary modern-day features of the Puertegan Path to Socialism is what its followers deem a socialist market economy in which the state allows for capitalist institutions to form and exist for a time in order to establish the means of production to seize for a proper socialist government to come about, this is seen in Puertego with the creation of the SIZs and the generous perks given to foreign and domestic investors in the economy such as tax shelters, subsides, and introductory corporate tax rates. The Puertegan government also allowed for limited property rights in the country with it allowing people to rent land from the government in order to establish businesses instead of outright buying it however Puertego also has some of the strongest intellectual property rights in the world enshrined into law. This program initially started with only the most minor reforms possible under Alférez with a lot of central planning still put in place and under Sanhueza much central planning stayed though foreign investment in government owned industries was allowed and encouraged. Only recently under president Torres has the level of central planning in the economy been significantly lowered and a more market oriented economy be allowed to exist.


There has been much criticism of the socialist market economy from all over the political spectrum with many economic leftists claiming that the government is catering too much to foreign corporations and has done little to actually improve the lives of regular Puertegan workers citing low wages and poor working and living conditions as an example of this while economic rightists claim that the Puertegan system is based on corruption and is a massive distortion of the free market due to their perks offered in SIZs almost exclusively benefiting large corporations while leaving many small and medium businesses unable to compete in the market due to the dominance of large companies. However, despite these complaints the Puertegan government has shown little signs that it plans to stop or largely change the direction it is going with its economic policy and seems to be set on doubling down on it instead. Both sides have also called the system under Torres an oligarchy due to most of the new upper class in Puertego made rich from the economic reforms have been members of the White Flag Communist Party.
== Economic Sectors ==
=== Agriculture ===


=== State Power ===
=== Mining ===
The Puertegan way to socialism has always been an explicitly authoritarian and centralized ideology with Alférez stating "While we must learn from the mistakes of the last two administrations and not dip towards totalitarianism we must also not allow to the people to be able to completely stop the progress of our nation", in the early days of the ideology under Alférez public protest and free discourse was encouraged though there was limits placed on them, this changed under Sanhueza who cracked down on constitutionally guaranteed rights breaking up protests with often lethal force and detaining critics of the regime without any charges. This way of ruling sparked massive protests from the population during the last months of Sanhueza's reign with them providing an easy position for Torres to campaign on claiming he would restore civil liberties to the people. When Torres came to power he officially repealed the laws allowing the government to crack down on people's civil liberties and rights but over his rule of the country he's had laws implemented to allow him to once again undermine people's liberties such as their freedoms of speech and assembly as well as weaken any institutions that could have proven powerful such as the media, unions, and students.
[[File:Potosi Décembre 2007 - Industrie Minière.jpg|thumb|left|A mine in the eastern mountains of Puertego]]
Mining has always been and remains a large part of the Puertegan economy with the country producing according to 2025 data 18,500 tons of tin, 1,400,000 tons of zinc, 270,000 tons of nickel, 24,500 tons of cobalt, 2,400 tons of lithium, 120 tons of gold, 4,160 tons of silver, and 45,000,000 tons of iron ore. It is estimated through official state numbers that 14% of the population is employed through mining with wages in the sector being barely below average for Puertego and all being employed in the state-run mining company with private companies in that sector being disallowed by law granting the state a complete monopoly on mining operations in Puertego.


=== Social and Cultural Views ===
=== Manufacturing ===


The manufacturing industry in Puertego has experienced rapid growth in recent years with the countries cities becoming heavily industrialized, manufacturing accounts for 2/3rds of GDP in Puertego and employs 1/3rd of the countries workforce. In 2030 the government of Puertego announced that the manufacturing industry had been completely privatized with the last few factories of the state-owned cement company being liquidated and the company being disbanded, growth in the sector remains extremely high with it experiencing a growth rate of around 14% yearly. The largest manufacturing sectors in Puertego are metallurgy, cement, chemicals, and textiles with smaller industries in arms, alcohol, machinery, food processing, and arms. In Puertego it's estimated that around 80% of manufacturing businesses are foreign owned with the 20% domestic owned ones almost universally being owned by high-ranking government officials in Puertego.


[[Category:IXWB]]
=== Construction ===
[[Category:Political ideologies]]
 
[[Category:Types of socialism]]
Construction in Puertego has been a booming sector since the onset of the nation's rapid industrialization with the demand for new factories in the nation with the building of new factories and infrastructure to accommodate the countries rapidly growing industry as well as the governments large scale projects across the country. Construction in Puertego is privately owned with the state-run construction company being liquidated in 2019 with 4 large-scale privately-owned construction companies all filling its place almost immediately with the companies being owned by the current minister of Internal Security, two former members of the National Assembly, and a high-ranking general in the Puertegan army, however besides the big four construction companies in Puertego there are several much smaller privately owned construction companies which often operate on the grey market in an attempt to dodge taxes on their work with construction estimated to be the largest grey market industry in Puertego by far.
[[Category:Puertego]]
 
=== Energy & Other Utilities ===
 
The energy and other utility sectors of Puertego remain under complete state control with the state granting itself a monopoly on the sector. The energy sector is primarily fueled through natural gas, crude oil, and coal though hydropower also makes up a sizeable portion of energy generated however the government has made an attempt to switch to less environmentally destructive methods of energy generation with multiple nuclear power plants currently being built in order to meet the nation's growing energy needs. The national energy grid often has trouble producing enough energy to sustain the national energy consumption which spiked significantly after the nations rapid industrialization with the government choosing to save energy for the industrial sector leading to only 1 in every 4-5 streetlights being kept on and scheduled black outs in the nation's cities being a daily occurrence often lasting around 2.5 hours each day and only buildings deemed necessities like government offices and hospitals being unaffected, though there have been initiatives by the government to increase the percentage of the population with access to electricity in their homes only around 45% of Puertegans currently have access with the presence of large amounts of informal housing being a primary obstacle to achiving higher levels. The water industry in Puertego is also state owned just like the electricity industry with many recent improvements to the water supply of Puertego in recent years such as vastly improved sanitation and disinfecting along with access to clean drinking water in cities being almost universal and in rural areas reaching an average of 75% with access.
 
=== Banking & Finance ===
 
 
 
=== Gambling ===
 
The gambling industry in Puertego was originally outlawed in by the 2002 Moral Standards Act which outlawed all unauthorized forms of gambling and provided for penalties ranging from monetary fines to short prison sentences, although the Puertegan government does not list gambling as an offense which someone is able to go to prison over. However, while gambling is still officially illegal in Puertego the law only applies to Puertegan citizens allowing many casinos to operate inside Puertego's borders designed to cater to the interests of tourists with 22 such establishments existing in Puertego. However, despite the restrictions on gambling imposed by the government gambling as a past time has been deeply ingrained in Puertegan culture with men who refuse to take part in gambling often being labeled as unmasculine or cowards with a fear of any risks causing illegal gambling to be a large black-market sector in Puertego with the police force often being paid bribes to look the other way on it. Common forms of illegal gambling in Puertego include cockfights or dogfights, card rooms, and sports books with most of those run by organized crime, the large number of opportunities for gambling plus many Puertegan men feeling they need to gamble due to cultural expectations has led to widespread gambling addiction plaguing Puertego.
 
== Trade & Foreign investment ==
=== Foreign Trade ===
 
=== Free Trade ===
 
=== Foreign Debt, Aid, and Investment ===
 
== Labor Market ==
=== Unionization ===
 
=== Wages ===
 
=== Labor Export ===
 
=== Welfare ===
 
== Enviornmental Damages ==

Revision as of 10:51, 4 July 2023

Economy of Puertego
San Lina, the financial capital of Puertego
CurrencyDamillo (DMO, Đ)
Calendar year
Country group
Statistics
GDPIncrease $1,108,410,624,000 (nominal, 2027 est.)
GDP rank
GDP growth
9.2% (2027)
GDP per capita
Increase $13,040 (nominal, 2027 est.)
GDP per capita rank
6th (nominal, 2027)
GDP by sector
  • 12.5%
Population below poverty line
Positive decrease 36% living at or below $3.20 a day (2026)
Negative increase 50.8 high
Template:IncreasePositive 0.646 medium
Labour force
  • Increase 96 million (July 2028)
  • Steady 80% employment rate (July 2028)
Labour force by occupation
Unemployment1.2% (official numbers) 11.7% (estimated)
Average gross salary
Đ7,152,640 ($325.12) monthly (2027)
Đ4,770,920 ($216.86) monthly (2027)
Main industries
Increase Easy #76 (2027)
External
Export goods
Tin, Natural Rubber, Sugar, Fish, Chemicals, Iron, Steel, Copper, Gold, Silver, Tobacco, Aluminum, Nickel, Zinc, Textiles, Machinery, Alcohol, Cement, Lithium, Paper, Diamonds, Refined Petroleum, Processed Food
Import goods
Grains, Corn, Pharmaceuticals, Fertilizer, Livestock, Automobiles, Electronics, Crude Oil, Natural Gas, Coal, Electricity, Broadcasting Equipment
FDI stock
  • Increase $512 billion (31 December 2027 est.)
  • Increase Abroad: $8 million (31 December 2027 est.)
$37,033 million (2028 est.)
$1,086,181,153,981 (31 December 2027 est.)
Public finances
Positive decrease 77% of GDP (FY 2027)
+ 0.7% of CDP
  • Scope:
  • BB
  • Outlook: Stable
Foreign reserves
$105.2 billion

All values, unless otherwise stated, are in US dollars.

The economy of Puertego is a mixed socialist-oriented market economy with the private sector allowed to operate in much of the economy though state control still being common in many industries such as utilities and natural resources. The economy is one of the fastest growing on the continent with it consistently measuring 8-9% GDP growth every year with the economy showing no real signs of slowing in its growth any time soon unless a catastrophic event hits the economy unexpectedly. While the economy has seen rapid and continuous growth ever since 2008 there are still many people who critique many aspects of the economy such as the massive income inequality and poverty allowed to exist in it with Puertego having some of the worst income inequality in the entire world, there has also been criticism towards the countries heavy corruption in state run industries, lack of wage growth despite the growing economy, and the lack of a lot of social welfare commonly found in other countries.

The Puertegan economy was formerly almost exclusively based on farming cash crops and selling them abroad with things such as sugar and rubber however in recent times the economy has been moving to a more industrialized one with the country making it very easy and profitable for companies to outsource their production to Puertego, in recent times Puertego has become a large producer of things such as steel, textiles, chemicals, various refined metals, and aluminum though natural resource extraction still remains a large sector of the economy with mining copper, tin, zinc, nickel and other minerals as well as farming sugar, rubber, and tobacco still being large industries in Puertego. Services are a small sector of the economy with the government prioritizing industry and the only real service jobs are in shipping, finance, or banking or government operated utility companies. Remittances are the last part of the Puertegan economy with the country receiving an estimated $70 billion back from the 14 million Puertegan working abroad often in Pelaxia, Cartadinia, and Caphiria. The economy of Puertego is largely export based with exports outnumbering imports on a scale of 12 to 1, the country is one of the world's largest importers of energy with them buying coal, oil, and natural gas from almost anyone aboard who will sell it to them as well as being a large importer of food.

Economic Sectors

Agriculture

Mining

A mine in the eastern mountains of Puertego

Mining has always been and remains a large part of the Puertegan economy with the country producing according to 2025 data 18,500 tons of tin, 1,400,000 tons of zinc, 270,000 tons of nickel, 24,500 tons of cobalt, 2,400 tons of lithium, 120 tons of gold, 4,160 tons of silver, and 45,000,000 tons of iron ore. It is estimated through official state numbers that 14% of the population is employed through mining with wages in the sector being barely below average for Puertego and all being employed in the state-run mining company with private companies in that sector being disallowed by law granting the state a complete monopoly on mining operations in Puertego.

Manufacturing

The manufacturing industry in Puertego has experienced rapid growth in recent years with the countries cities becoming heavily industrialized, manufacturing accounts for 2/3rds of GDP in Puertego and employs 1/3rd of the countries workforce. In 2030 the government of Puertego announced that the manufacturing industry had been completely privatized with the last few factories of the state-owned cement company being liquidated and the company being disbanded, growth in the sector remains extremely high with it experiencing a growth rate of around 14% yearly. The largest manufacturing sectors in Puertego are metallurgy, cement, chemicals, and textiles with smaller industries in arms, alcohol, machinery, food processing, and arms. In Puertego it's estimated that around 80% of manufacturing businesses are foreign owned with the 20% domestic owned ones almost universally being owned by high-ranking government officials in Puertego.

Construction

Construction in Puertego has been a booming sector since the onset of the nation's rapid industrialization with the demand for new factories in the nation with the building of new factories and infrastructure to accommodate the countries rapidly growing industry as well as the governments large scale projects across the country. Construction in Puertego is privately owned with the state-run construction company being liquidated in 2019 with 4 large-scale privately-owned construction companies all filling its place almost immediately with the companies being owned by the current minister of Internal Security, two former members of the National Assembly, and a high-ranking general in the Puertegan army, however besides the big four construction companies in Puertego there are several much smaller privately owned construction companies which often operate on the grey market in an attempt to dodge taxes on their work with construction estimated to be the largest grey market industry in Puertego by far.

Energy & Other Utilities

The energy and other utility sectors of Puertego remain under complete state control with the state granting itself a monopoly on the sector. The energy sector is primarily fueled through natural gas, crude oil, and coal though hydropower also makes up a sizeable portion of energy generated however the government has made an attempt to switch to less environmentally destructive methods of energy generation with multiple nuclear power plants currently being built in order to meet the nation's growing energy needs. The national energy grid often has trouble producing enough energy to sustain the national energy consumption which spiked significantly after the nations rapid industrialization with the government choosing to save energy for the industrial sector leading to only 1 in every 4-5 streetlights being kept on and scheduled black outs in the nation's cities being a daily occurrence often lasting around 2.5 hours each day and only buildings deemed necessities like government offices and hospitals being unaffected, though there have been initiatives by the government to increase the percentage of the population with access to electricity in their homes only around 45% of Puertegans currently have access with the presence of large amounts of informal housing being a primary obstacle to achiving higher levels. The water industry in Puertego is also state owned just like the electricity industry with many recent improvements to the water supply of Puertego in recent years such as vastly improved sanitation and disinfecting along with access to clean drinking water in cities being almost universal and in rural areas reaching an average of 75% with access.

Banking & Finance

Gambling

The gambling industry in Puertego was originally outlawed in by the 2002 Moral Standards Act which outlawed all unauthorized forms of gambling and provided for penalties ranging from monetary fines to short prison sentences, although the Puertegan government does not list gambling as an offense which someone is able to go to prison over. However, while gambling is still officially illegal in Puertego the law only applies to Puertegan citizens allowing many casinos to operate inside Puertego's borders designed to cater to the interests of tourists with 22 such establishments existing in Puertego. However, despite the restrictions on gambling imposed by the government gambling as a past time has been deeply ingrained in Puertegan culture with men who refuse to take part in gambling often being labeled as unmasculine or cowards with a fear of any risks causing illegal gambling to be a large black-market sector in Puertego with the police force often being paid bribes to look the other way on it. Common forms of illegal gambling in Puertego include cockfights or dogfights, card rooms, and sports books with most of those run by organized crime, the large number of opportunities for gambling plus many Puertegan men feeling they need to gamble due to cultural expectations has led to widespread gambling addiction plaguing Puertego.

Trade & Foreign investment

Foreign Trade

Free Trade

Foreign Debt, Aid, and Investment

Labor Market

Unionization

Wages

Labor Export

Welfare

Enviornmental Damages