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State of South Lake
|Motto: Libertatem perveniat vigilantiam
(latin: Freedom through vigilance)
|Anthem: Glory to the Westlands|
|Official languages||None at state level|
|Recognised national languages||English Latin Sieuxerrian Yiddish Old Belfrasian|
|Government||Directorial free market state with elements of direct democracy|
|-||Board of directors||Robas Poriskovu
|-||WCS division||6 June 1803|
|-||CRW division||25 March 1915|
|-||Reintegrated into the WCS||15 October 1939|
|-||Independent state of South Lake||9 November 2014|
|-||Per capita||$54,505.44 (2nd)|
|-||Total||$4.509 trillion (17th)|
|-||Per capita||$72,100.75 (1st)|
very high · 6th
|Currency||Western dollar (W$)|
|Drives on the||right|
|Capitol state is the official successor state of the Western Confederal States, the other six states, including South Lake do not hold the same title.|
South Lake known as free market state of South Lake officially, is one of the former states of the Western Confederal States. The country is landlocked and shares international borders with Viridia, Belfras, Torchland. Covering XX square miles, South Lake is the XX largest country in Lusankya by total area and the XXth largest independent nation in the world. With a population of 67.5 million, it is the 2nd most populous state of the former Confederal States. South Lake is a unitary free market state, it governing organ is the board of directors. It's capital city and largest city is Franklin.
It originates as a province of the Belfrasian Kingdom, later, in the aftermath of the Emmerian Revolutionary War, the big purchase led to a transfer of sovereignty to the Western Confederal States becoming a political division of the confederacy. This lasted until the confederacy was drawn into a fiscal cliff, which forced the passing of the Full Privatization Act on August 15, 2014 creating a de jure market state, subsequently on 9 November 2014 the confederacy dissolved and was succeeded by its seven states one being South Lake. Following the dissolution, as a result of international pressure, South Lake's board implemented the South Lake Reform act, creating a form of direct democracy uncommonly practiced in Pardes, differentiating itself from other former states of the Confederacy.
Today South Lake is considered a multilingual, multinational, neutral country, even though the latter is often questioned by some Pardesi nations. South Lake is ethnically plural with Belfrasians and royalists constituting the most populous ethnic group (23%) followed by Westerners and republicans (21.5%)--of which 65% have Ulthrannic ancestry, Belhavians (12.5%), Rodarian (10.5%), Sieuxerr (8%). Each citizen enjoys a high living standard, a high GDP per Capita. The Western dollar is used as the unofficial legal tender of South Lake. South Lake, as former Western State, is a founding member of the Pardesi Monetary Fund and the Pardesi Trade Assembly
The name "South Lake" traces its roots from the Belfrasian Empire, known as the Unsonyield province, otherwise known as the province of the lakes or South Lake unofficially. Bloomresh lake which is situated to the state's north was a lake that separated the Belfrasian northwestern colonies from the Belfrasian mainland. The name South Lake was also often used to describe the land area between the Belfrasian mainland and its colonial settlements, known as today's Viridia, South Lake and Torchland, even though each were a formal part of the Belfrasian mainland.
The name "State of South Lake" was officially in use when the Western Confederal States purchased the Unsonyield province, Aerlon province and the Kingsgarden province from the Empire. Subsequent to the purchase the Province Integration Act in January 1804 changed the name Unsonyield province to the "STATE OF SOUTH LAKE" officially.
Western Confederal States
Free Market State of South Lake
Government and politics
The governing structure of South Lake is one heavily influenced by supply and demand in the free markets ever since the full privatization act was voted into law on August 15, 2014. Pre-and post Western dissolution South Lake had one of the highest ranking minarchist systems according to the Kohen Institute's Watchman Index. It is often disputed whether South Lake is classified as a night-watchman state with laissez-faire as its economic system, similar to Alleghania and Estovnia, or be based on all-out anarcho-capitalism.
Since the Confederal government shutdown the unofficial executive and legislative organ of South Lake on market state level, lies de jure in the hands of a directorial board of directors. Said board of directors is comprised of CEOs of the most influential public companies in South Lake, each are ranked based on their total market capitalization, and a quota system ranks each public company with a specific voting power percentage.
Differentiating itself from classical Market states practiced by six other nations in Pardes, the South Lake variant has a form of direct democracy, which includes the right to submit a constitutional initiative and a referendum, both of which may overturn the decisions put forth by the Board of Directors and Municipality-level Directors. In 104 municipalities of South Lake eligible citizens meet on a certain day in the open air to decide on laws and expenditures by the board. Everyone can debate a question. Voting is traditionally accomplished by each attendant consecutively shouting aye (in favour) or nay (in disfavour). This is otherwise known as community assembly. The usage of direct democracy is unique in Pardes.
Judicially, the Private Iudicia whose judges are appointed by the the municipal boards, consisting of local private firms - that loosely cooperate with the state-level board of directors - interpret laws and overturn those they find unconstitutional based on the constitutional interpretations of the municipal government. For this reason the system of South Lake has often derogatory been referred to as a corporatocracy, Isabella Belfort of Liberty Watch called the judiciary system "a biased bunch".
South Lake has an economy in its totality produced by the private market, otherwise known as a market economy, an economic system shared by eight other Pardesi nations. The steadfast economic policy of the board of South Lake attracts foreign investment and is set around creating an atmosphere in which no regressive regulations are imposed, meant to create a system of maximum market productivity and consumer involvement. The fiscal lack of taxes on both corporate and income level led to a variety of lucrative endeavors by multinational and domestic companies. Reports claim that of all former Western states South Lake had one of the lowest state debts. Today, South Lake has the 17th largest nominal Gross Domestic Product of the world, the largest nominal GDP per capita, and the 3rd largest GDP per capita (PPP). South Lake is considered a Tax haven. Annual reports claim a systematic decline in consumer spending, which accounts as nearly 80% of South Lake's GDP.
Trade is held as one of the most influential components of South Lake's economic livelihood. Its neutrality plays a key role in foreign investment in South Lake's companies and liberal economic developments. Its six main trading partners are: Belfras, United Republic of Emmeria, Anikatia, Belhavia, Rodarion and Ulthrannia. Its exports range from financial services to watches. As of 2014 the board has entered talks with Anikatian firms.
South lake is - and was historically - well represented into Pardesi finances, with Franklin being one of the largest financial hubs of Pardes. The state counts two stock exchanges, Franklin Stock Exchange and the Firegate Stock Exchange. The former is generally accounted as the largest stock exchange by total market capitalization. The Lewis Yorkshire Industrial Average has often been called the prime indicator for movement in the overall Pardesi financial markets The gold-backed free banking system within the country, implemented in the aftermath of the fiscall cliff, reshaped the policy of the South Laker big four banks. The unofficial currency used nationwide is the Western dollar, which has been the largest reserve currency from ~1985 until 2005, when it was overtaken by the United Republic dollar, South Lake is a founding member of the PTA and the PMF. The country also holds free trade agreements with Anthor, Eslovakia, Viridia, Torchland, Capitol State, Kensington, Montgomery, Iron Vale, and the United Republic of Emmeria under NOCTA.
Demographically South Lake is divided by five constituent ethnic groups that compose a majority in South Lake the majority speaks English and in the northwest Sieuxerrian. The Citizens Registration Act (1803), which gave loyalist Westerners the opportunity to identify themselves as "Royalist" and Belfrasians living in South Lake have been categorized simply as Royalists, which constitute 23% of the total population (2014 census), followed by Republicans (21.5%), Belhavian (12.5%), Rodarion (10.5%).
- Rubinsky, Moshe (6 December, 2014). "Global Markets Jittery Amid Surprising RCO-Geannese Economic War". Provisa Times. http://forum.nationstates.net/viewtopic.php?f=4&t=171099&p=22706590#p22706590.
- Hathaway, Jack (6 April, 2014). "Geopolitical tensions spook Pardesi markets". Provisa Times. http://forum.nationstates.net/viewtopic.php?p=19615006#p19615006.