For an overview see Democratic Corporations

This page covers the economics of private Democratic Corporations in an Arcology (Excluding the Arcology-government itself)

Rules

  • demcos pay employees in arcology credits.
  • a demco gets one purse, from which demurrage is taken but redistribution only flows to individuals, which creates an inherent form corporate tax, and strongly discourages companies from sitting on their money.
  • Arcology citizens may only form demcos and are forbidden from being employees of equity based corporations.
  • No equity corporation may exist under Arcology jurisdiction.
  • A demco may enter into contracts with individuals or other demcos, has the right to bankruptcy protection, and has the right to sue for damages.
  • Demcos must always be subservient to the government, not the other way around, since the government is ultimately how the people express their will, and the government is responsible for enforcing the will of the people.
    • The constitution will make clear that a demco is forbidden from financially supporting, donating to or influencing the government.
    • Lobbying by demcos must be restricted to communicating their situation/position and what they need to be successful.
    • the government will have the explicit duty to regulate demcos in order to best meet the needs of the people.
    • demcos may/must be dissolved if their continued existence significantly harms the people.
    • No demco has the ‘right’ to any segment. If the government finds that public management of a given segment is superior to competitive economics, then the government has the obligation to nationalize that segment, and vice versa, if a publicly run sector could be better managed via the private sector, then it has a duty to de-nationalize it. Pragmatism, should rule the day.
    • A demco may not make any political contributions whatsoever.
      • Doing so would be considered a very serious offence.
    • To balance the power of demcos, and also because of the high level of public services, the Arcology will retain control of a significant fraction of the overall economy:
      • all internal real-estate is owned by the Arcology, and the Arcology is the sole landlord
      • Arcology runs multiple single-payer systems, making it a financial juggernaut:
        • healthcare
        • food production
        • a public broadcaster
        • food preparation and distribution
        • Communications System
        • Transportation System
        • Hydrological System
        • Air Conditioning System
        • Electrical Grid
        • Security & Policing
        • Justice System
        • Pension System
        • Monetary System
        • Cloud Computing Grid

Separation of Powers

  • Legislative Branch
    • No official positions, just individuals with varying amounts of voting power.
    • Resolutions get proposed and voted on.
  • Executive Branch
    • Tiered: Officers and Regular Employees
    • You can’t hold Execute and Legislative power at the same time:
      • Executives must surrender their proxy supporters.
  • Legal Branch
    • Common-Law system.
    • A judge is inherently an execute board-member position, so you can’t hold proxies.
    • you can’t be a board member and a judge at the same time.
    • Tiered courts: (arco government only) supreme and regular
      • tiered laws rights-constitution, government-constitution, statutorial

How do demcos interact with the outside world?

  • To avoid exposing the arcology itself to risk in foreign dealings, a demco must have a corporate identity under Australian law
  • it could be a wholly owned subsidiary of the Arcology from an external point of view.
  • for an external company, trading with a demco would be like trading with a foreign company
  • a demco could hold external assets, open bank accounts and hold currency.
  • a demco would go bankrupt officially, if it ever is unable to fund its outgoing streams from its wallet.