Economic systems
Socialism
See Socialism for general quotes.
Public Enterprise Centrally Planned Economy
An economic system where the state owns the means of production and manages the economy centrally. It aims to eliminate private profit in favor of state-led distribution and industrial development.
—Description of the State Socialism economic system, NeoValues
Public Enterprise State-Managed Market Economy
A system where the state undertakes commercial economic activity and the means of production are organized and managed as state-owned enterprises.
—Description of the State Capitalism economic system, NeoValues
Public Enterprise Employee Managed Market Economies
An economic system where the means of production are publicly or cooperatively owned, but production and consumption are guided by market forces.
—Description of the Market Socialism economic system, NeoValues
Public Enterprise Participatory Planning
A stateless, anti-authoritarian philosophy advocating for worker-owned cooperatives and decentralized planning. It rejects both private property and state control, favoring voluntary associations and direct democracy.
—Description of the Free Socialism economic system, NeoValues
Mixed Economy
Combining the best of both worlds, a mixed economy is neither fully free, nor fully regulated. Although individuals retain the right to free enterprise, government regulation is regular and predictable. Many mixed economies rely on the State to provide welfare and regulations abound.
—Flavour text of the Mixed Economy economy law, Beyond Earth
An economic system where the state exerts strong directive influence over investment and the market, rather than merely regulating it, common in mid-20th-century France.
—Description of the Dirigisme economic system, NeoValues
An economic theory advocating for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of depression.
—Description of the Keynesianism economic system, NeoValues
A cooperative relationship between the government and major interest groups (like labor unions and business associations) to manage the national economy through negotiation.
—Description of the Neocorporatism economic system, NeoValues
A market economy balanced by robust social welfare programs and regulations. It seeks to preserve private enterprise while ensuring a high standard of living and reduced inequality through state intervention.
—Description of the Social Capitalism economic system, NeoValues
A centrist position that attempts to reconcile right-wing and left-wing politics by advocating a synthesis of right-wing economics and left-wing social policies.
—Description of the Third Way economic system, NeoValues
A capitalist economy that includes extensive social welfare policies. It features a market-based system supported by a safety net, including public education, healthcare, and pensions.
—Description of the Welfare Capitalism economic system, NeoValues
In a social market, the state combines the existence of private enterprises and businesses with a fair amount of regulation and state intervention in the economy to make sure it is well-functioning. In the eyes of its supporters, such a system maintains a balance between a high rate of economic growth, and low levels of inflation and unemployment, along with good working conditions and a degree of social welfare. Popularised by the writings of German economist Ludwig Erhard, the concept of the Social Market has been gaining ground in recent years.
—Description of the Social Market subtype of Free-Market Capitalism, The New Order: Last Days of Europe
The doctrine of Dirigisme, literally "to direct" in French, certainly lives up to its name. While the ill-informed might mistake its embrace of the capitalist market for tolerance of laissez-faire practices, Dirigisme is anything but; for the reins of commercial and productive power lies firmly in the hands of the state - the enforcer, the burden-bearer, and the sole overseer of the great economic clockwork. Nation-wide projections, concrete planning, targeted investment - whatever vital matters not to be trusted with independent actors shall fall upon the shoulders of state institutions; where the markets fail and falter the state shall duly intervene, curbing inefficiencies and ensuring that national objectives shall remain viable and attainable for years to come. Despite heavy state involvement, however, private sectors remain just as crucial, if not doubly so. "National Champions", active or prospective private patrons of the interests of the state, are to be prioritized above the rest. Other private industries are expected to thrive and prosper through self-incentivization, serving the state while heeding its guidance all the same. All shall align themselves towards the greater good, and all shall not be exempt from it.
—Description of the Dirigisme subtype of Corporatism, The New Order: Last Days of Europe
To ensure the stability of our nation, government must curb the worst excesses of private businesses.
—Description of the "Interventionism" Economic System Law, Victoria 3
Free Markets
Much like Laissez-Faire, a deregulated economy lets businesses do their thing, only occassionally nudging them along into a desired direction.
However, should war or a crisis descend upon the nation, the government reserves the right of focus more on military spending, and calibrate the economy to its liking.
However, should war or a crisis descend upon the nation, the government reserves the right of focus more on military spending, and calibrate the economy to its liking.
—Flavour text of the Deregulated Economy economy law, Beyond Earth
Those with higher Commerce scores believe that free markets are the best way to distribute resources. They tend to support deregulation, low taxes, and laissez-faire.
—Description of the Commerce value, DozenValues
Government regulation of the economy has consistently proven itself to be one of the biggest obstructors of economic growth and freedom in this country. We will not allow intrusive regulation to further strangle the lives of Americans and their private interests. The most obstructive regulations and other bureaucratic red tape will be swiftly repealed either through executive order or new legislation. Once we have gutted all these suffocating regulations and laws, our economy will finally get the chance to expand and grow without interference.
—Description for the American Constitutional Government's Stop Tyrannical Regulation focus, The Fire Rises (Mod)
An "arms-off" economic environment where transactions between private parties are free from government intervention, including regulations, privileges, tariffs, and subsidies.
—Description of the Laissez-Faire economic system, NeoValues
A system where the state is prohibited from collecting taxes by force. It relies entirely on voluntary taxation, funding public services through consensual donations, lotteries, or service fees rather than mandatory levies.
—Description of the Voluntaryism form of resource management, NeoValues
Free market capitalism is an economic system where private enterprises and businesses are free to operate with few or no restrictions from the government. To elaborate, it means that things such as prices, costs, and wages are regulated by participants in the market, such as the buyers and the sellers: as such, government oversight and regulation are minimized. Popular among market liberals of all stripes, it has become one of the most in-use systems around the world.
—Description of the Free-Market Capitalism economy type, The New Order: Last Days of Europe
"In and of itself, the market is not, and must not become, the place where the strong subdue the weak."
-Pope Benedict XVI
Market liberalism is an ideology that places a strong emphasis on free markets, individual liberty, and limited government intervention in economic affairs. It advocates for policies that promote private enterprise, open competition, and the unrestricted flow of goods, services, and capital across national borders.
Market liberals believe that the market mechanism, driven by supply and demand, is the most efficient and effective means of allocating resources, generating economic growth, and improving overall welfare. They argue that when markets are allowed to operate freely, individuals and businesses are incentivized to make rational choices that lead to optimal outcomes for society as a whole.
-Pope Benedict XVI
Market liberalism is an ideology that places a strong emphasis on free markets, individual liberty, and limited government intervention in economic affairs. It advocates for policies that promote private enterprise, open competition, and the unrestricted flow of goods, services, and capital across national borders.
Market liberals believe that the market mechanism, driven by supply and demand, is the most efficient and effective means of allocating resources, generating economic growth, and improving overall welfare. They argue that when markets are allowed to operate freely, individuals and businesses are incentivized to make rational choices that lead to optimal outcomes for society as a whole.
—Description of Market Liberalism, a subideology of Liberalism, Pax Britannica
A liberal economy founded on the principles of comparative advantage and that fewer government interventions means greater growth.
—Description of the "Laissez-Faire" Economic System Law, Victoria 3