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- Jul 16, 2018
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Sensible Limits on Industry
Category: Regulation
Area of Effect: Safety
Description: The World Assembly,
Recognizing that privately-owned businesses might prioritize profits above the health, safety, and well-being of people or of the environment,
Recognizing also that state-owned businesses, especially ones whose managers face potential punishment if they fail to meet quotas, might likewise prioritize output of goods and services above the health, safety, and well-being of people or of the environment,
and
Believing that the health, safety, and well-being of people and of the environment should receive reasonable protection;
Hereby,
1). Authorizes member nations to Involuntarily Dissolve any privately-owned business operations within their territories if those operations unreasonably impinge on the health, safety, and well-being of people or of the environment;
2). Allows member nations to seize the assets of any privately-owned business that unreasonably impinges on the health, safety, and well-being of the people or of the environment provided that those assets be sold in order to reimburse the shareholders and employees of the Dissolved company;
3). Requires that member nations allow their state-owned industries to act only in ways that do not impinge unreasonably on the health, safety, and well-being of people or of the environment, and must take these needs properly into consideration when setting any targets for those industries;
4). Requires each member nation to establish a set of standards for these matters, subject to any restrictions set by earlier GA resolutions that are still in force, that applies equally to all businesses and industries operating in a given field of activity within that nation regardless of its ownership.
Category: Regulation
Area of Effect: Safety
Description: The World Assembly,
Recognizing that privately-owned businesses might prioritize profits above the health, safety, and well-being of people or of the environment,
Recognizing also that state-owned businesses, especially ones whose managers face potential punishment if they fail to meet quotas, might likewise prioritize output of goods and services above the health, safety, and well-being of people or of the environment,
and
Believing that the health, safety, and well-being of people and of the environment should receive reasonable protection;
Hereby,
1). Authorizes member nations to Involuntarily Dissolve any privately-owned business operations within their territories if those operations unreasonably impinge on the health, safety, and well-being of people or of the environment;
2). Allows member nations to seize the assets of any privately-owned business that unreasonably impinges on the health, safety, and well-being of the people or of the environment provided that those assets be sold in order to reimburse the shareholders and employees of the Dissolved company;
3). Requires that member nations allow their state-owned industries to act only in ways that do not impinge unreasonably on the health, safety, and well-being of people or of the environment, and must take these needs properly into consideration when setting any targets for those industries;
4). Requires each member nation to establish a set of standards for these matters, subject to any restrictions set by earlier GA resolutions that are still in force, that applies equally to all businesses and industries operating in a given field of activity within that nation regardless of its ownership.