The Galactic Community has confirmed that its flagship pan-galactic economic overhaul legislation, the ‘Le Guin Act’, will come into effect early next month.
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.
“For eons we have had three main resources - energy, minerals, and food,” Aden Smyth, a leading economist from Earth’s prestigious University of Ulm told Xenonion. “Now we’re going to have additional resources like volatile gases, motes and that one icon that looks like a bar of soap. What does that even do?”
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.
Other leading economists have not yet offered input on the situation as most are now required to return to university for a minimum of four years to study the new changes.
Concluding, Aden Smyth: “I’ll let you know what the deal is once I’ve graduated again. Perhaps then I’ll be in a better position to let you know whether you should buy shares in that soap thing.”