Romanoism

Soaring Towards a Brighter Future

## An Economic and Political Ideology

### **Description:**

Romanism is the political doctrine practiced by the administration of President Alejandro Romano and created by Minister of Finance & Economy Merven Tyrionis. It seeks to reconcile the conflicting doctrines of Riganoism and Pasquaism by combining the parts that work and discarding those that do not. It is a reevaluation of the social democratic principles of former President Di Pasqua along with the laissez-faire free market principles of former President Rigano, to reform both ideologies to meet the needs of the modern world.

### **Economic Philosophy:**

At its core, Romanism is broadly centre-right free market economics along with centre-left interventionism. Some of the key economic tenets of Romanism are: A strong and free market with a robust welfare system, some privatisation of assets in the public sector, great investments into human capital, improvement of national infrastructure networks, and a focus on lifting the Arracian poor out of poverty so that they may participate in the free markets.

It is often nicknamed Arracian Centrism, the New Kaserite School of Economics, or Modern Social Democracy. However, it is most commonly known as Third Way Economics, the “Third Way” between the right-wing economics of former President Simone Rigano, and the left-wing economics of former President Enzo di Pasqua.

Third Way Economics, the economic strategy of Romanoism, was a subset of the broader Third Way political movement - the ideology developed by the Minister for Finance and Economics Merven Tyrionis. It sought to emulate the economic successes of former President Giorgio Amelli with the social revolution of former President Nicodemo Calcagni, all while operating within the times and realities of the modern world. The golden soaring bird became the symbol of the Third Way political movement due to it being the personal insignia of Merven Tyrionis

**Economic Characteristics of Romanoism**

* Light Interventionism into the economy to maintain forward economic trajectory and control inflation through stable monetary policy
* Light Deregulation into industrial and workers regulations to attract businesses and encourage economic growth
* Light Federalism to cut down on regionalism and encouraging cooperation all while leaving the states to set their own economic strategies
* Industrialism characterized by large investments into industrialization and infrastructure construction
* Light Liberalism by partial privatisation of state assets
* Free Market Economics with unabashedly free markets and intense opposition to central planning and economic directionism
* Internationalism in the pursuit of deepening economic, social, and political ties with Allied nations like Obechiland and Arvel. Closer economic and social ties with Concord nations like Alaequan Federation and Achaeyand
* Free Trade in the cutting down on Tariffs with trade partners, especially with Concord States
* Merven Tyronis's Golden Rule: If deemed absolutely necessary, the government will only borrow money to invest and NOT to fund current spending.
* Commitment to continue supporting farmers through the process of agriculture modernization and cutting down on agricultural tariffs.

***Social Characteristics***

* Modernization of the Welfare State.
* Large Investments into Human Capital, i.e education and healthcare
* Economic actions to lift people out of poverty and commitment to social mobility so that more people can participate and benefit from the capitalist free markets.
* Encouraging immigration from Concord nations as well as natives residing in Arracia's colonies to solve declining population growth
* Commitment to continue supporting women's voting rights as was the case in the early months of the presidency.