The Galactic UN has confirmed that its flagship pan-galactic economic overhaul legislation, the ‘Le Guin Act’, will come into effect early next month.
Primarily focusing on trade and corporate operations, the Act will also formalize the implementation of a new Planetary Management System (PMS 2.0) in lieu of planetary tiles.
While the proposal has been met with a mostly positive reaction by the galactic community, economists have warned that they need more time to prepare.
Aden Smyth, a leading economist from the United Nations of Earth’s prestigious University of Ulm told Xenonion News;
“I don’t think people realize how big a change this will be. For eons we have had three main resources - energy, minerals, and food. Now we’re going to have additional resources like volatile gases, motes and that one icon that looks like a bar of soap that I just can’t place. What does that soap thing do? How much will it cost? Will it become a new currency? See - if we can’t even work out the basics, this is likely to have serious repercussions for trade across the galaxy.”
A subsection of the Le Guin Act, known as the ‘MegaCorp’ clause, it set to offer private corporations vast freedoms, including the rights to operate in essence as space nations.
Anti-corporate campaigners have strongly criticized this move. Curl Murks, a rather lubricated molluscoid, told our news team;
“It is madness to think the Galactic UN are actually condoning this thievery of the private sector! The addition of these new resources will only rob workers of their living wages and create friction between the classes. As a collective, we must ensure the invisible (non-corporate) hand guides empires away from this new system.”
Other economists have not yet offered opinions on the situation as most have returned to educational institutions to update their economic qualifications, and these are not expected to be completed for another 5 years.
Aden Smyth concluded;
“The irony is by the time we finish fully studying all these new resources and principles, the entire economic system will have probably been overhauled several times so it will all be really out of date. There probably is some merit in just having unqualified economists who offer intermittent speculation. They’ll be in a much better place to advise us as to whether we should buy up shares in that soap thing.”