New Richmond Republic
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The State Microsocialist Economy

In the New Richmond Republic, all economic activity is done through the state microsocialist economy in accordance with the Hewittist line of the Blair Mountain League and federal law. The economy is centrally planned and coordinated by the Central People's Government through the Ministry of Economic Development and Fiscal Affairs, which adopts Annual Economic Plans that set policy, goals, and the budget for each economic planning period.

In the state microsocialist economy, all workers are organized into state workers' cooperatives which are founded on workplace democracy and elected management. Workers are given numerous rights and protections in the Basic Law, such as the right to unionize and strike, the right to a proportional share of the profits of their cooperative, the right to miss work in sickness, the right to ample vacation time, and many others.

Government funds are centralized in the National Development Fund - mostly comprising voluntary private donations from citizens, although plans were announced for a tax system at the November 2022 session of the Congress of People's Councils. NDF money is used to fund government projects and to provide hardship relief grants to citizens who are struggling financially, considered the first step in the development of a small-scale welfare system in the Republic.
All government documents, articles, and words contained within this web portal are copyright 2021 (1 RY) - 2022 (2 RY), the Central People's Government Press Office, New Richmond Republic. All rights reserved.
The Central People's Government takes no responsibility for the content of external links.
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  • Home
  • About
    • History
    • Culture >
      • Awards
      • Church of New Richmond
      • Holidays
      • Symbols
    • People's Councils
    • Mother Hewitt
    • Economy >
      • Annual Economic Plans
      • National Development Fund
      • State Workers' Cooperatives
    • Diplomacy
    • Military
    • New Richmonders >
      • Chris Faine
      • K. Riley Hewitt
      • Savannah Collins
      • Charles Kitchen
  • Territory
    • Canton of Old Roanoke >
      • City of New Richmond
      • Sandra's Isle County
      • Nubes Peaks Military District
    • Canton of Campestria >
      • Fayette Commune
      • Northern Grove Commune
      • Shiloh Creek County
      • Chambers Bend Maritime County
    • Territory of Armaroja
  • Central People's Government
    • Federal Law >
      • Basic Law
      • Acts of Congress
      • Decrees
      • Criminal Code
    • People's Commissioner
    • Prime Minister
    • Congress of People's Councils
    • Federal Council >
      • Ministry of Foreign Affairs
      • Ministry of Economic Development and Fiscal Affairs
      • Ministry of State Security
      • Ministry of Home Affairs
      • Ministry of Culture and the Arts
    • People's Senate
  • Blair Mountain League
    • General Program
    • Party Constitution
    • Chairwoman
    • Revcomit
    • Revolutionary Congress
  • The Mountaineer
  • Contact