Chapter 404: Cash-for-Work
readx; In June 1933, You Zhengbin apologized to the Emperor of the Chinese Empire for his inability to solve the economic crisis for more than two years, and Tao Chengzhang, the deputy assistant of the Imperial Cabinet, also retired at this time. Pen @ fun @ pavilion wWw. ļ½ļ½ļ½Uļ½Eć ļ½ļ½ļ½ļ½
At this time, the people strongly called on the empire to find a cabinet leader who could lead the people out of the predicament of the economic crisis, and Xia Jun said on TV that he would conform to the will of the people and form a strong cabinet to deal with the current difficulties faced by the empire.
"Our country is a country that lacks capital experience, and the US economy is also in a depression at this time, and we have no experience to learn from. But I believe that the recession will not last forever, and that as long as we are willing to let go of reforms, the economy will surely recover. Xia Jun said in a televised speech: "This economic crisis is both a challenge and an opportunity. We'll be the first to get through. ā
Xia Jun's speech greatly boosted the morale of the people.
The list of new cabinets was soon announced, with Yan Xishan as the first assistant to the cabinet, and Ma Yinchu, a scholar of the Hanlin Academy, as the second assistant to the cabinet, and the two of them were mainly engaged in economic policy.
This new cabinet came to be known as the 'Yama Cabinet'.
After Yan Xishan and Ma Yin first came to power, they immediately called on the people to support the cabinet in carrying out bold reforms and experiments in order to get out of the predicament of the economic crisis.
The Yama Cabinet first introduced the policy of 'cash for work'.
"After the implementation of this policy, the empire will greatly increase the number of project construction, and at the same time gradually reduce the supply of basic living materials, and will stop the supply of basic living materials for most unemployed groups after the project is fully started......"
As soon as this policy was introduced, it immediately caused some stirring, but the stirring was not significant. Although the empire stopped supplying basic living materials, it introduced a policy of cash-for-work, as long as you work on the construction site, you can not only ensure food and clothing, but also earn a certain amount of wages.
Chinese people who are accustomed to unemployment assistance policies are a little difficult to adapt to for a while, but not everyone needs this basic supply guarantee.
Only those who really lost so much money in the economic collapse that they came up with a cash-for-work policy.
This cash-for-work policy was quickly adopted by the member states of the Third World Alliance, and they all started the cash-for-work policy.
The central government of the Chinese Empire quickly launched a series of cash-for-work projects, which mainly focused on infrastructure construction and mine construction.
In a very short period of time, nearly 3,000 cash-for-work projects of various sizes have been opened, covering all provinces and regions across the country.
At the same time, the Yama cabinet decided to devalue the Asian dollar, a policy that was immediately supported by the debt-troubled people, because the mainstream public opinion said that if the currency depreciated, the national income would increase, and the debt of the people would be reduced.
But in fact, the depreciation of the Asian dollar is a new policy of political axes to strengthen the monopoly of state-owned enterprises, because the depreciation of the Asian dollar means that the printing of bills will be added.
Who is the ticket printed for?
Naturally, it is for the state, which is equivalent to taking money directly from the pockets of all citizens to build those cash-for-work projects.
The Asian Federal Reserve's money printing machine is once again at full power, and new rolls of notes are printed.
Then it was put into those political axe construction projects, most of which were handled by the East China Group.
A large number of unfinished projects were restarted by the political axe, and construction continued.
At the same time, the mines in the country entered a state of full construction, and although these mines were built, they were not for economic considerations, but for war considerations, so they were not mined immediately after they were built.
At the same time, the empire strengthened the construction of transportation facilities in the western regions, especially to Russia.
Russia and other third-world member states have also carried out a 'cash-for-work' policy, and Russia has strangely and quickly launched many cash-for-work projects.
The cash-for-work project in Russia was carried out at an unprecedented pace, and the cash-for-work project in Russia was carried out by the Chinese Empire, and the Chinese Empire wanted to build Russia into a raw material supply base, so it naturally had to build mining areas and mining railways, so the Chinese Empire had already completely planned the construction of the project during the economic depression.
The supply of basic living materials in Russia was soon completely cut off, and the Russians, who had no food to eat, had no choice but to go to work at the construction sites of the project, with extremely low wages, but they had no food if they did not work.
Russia's economic recovery is much slower than that of the Chinese Empire, because the Russians can't do a lot of industry, light industry is a short board, and heavy industry is not necessarily good at it, so many things have to be imported from the Chinese Empire, and the banks don't relax the austerity policy in Russia, so it is not so easy for the Russians to recover their economy, so it will only be more and more people who go to the work-for-relief project sites to work as coolies to build mines and railways.
The same is true of Korea, Cochin, Siam, Rashid Arabia, and Poland, which, like Russia, take some time for their economies to recover, and the hungry masses can only join cash-for-work centers as coolies.
The Kokang Prefecture and the Nanyang Republic in northern Burma enjoyed the same economic recovery policies as the Chinese Empire.
With the exception of the Kokang Prefecture and the Nanyang Republic, the total population of other high-level member states has reached nearly 250 million, and a large part of them have begun to build on cash-for-work, how fast will this construction be?
Moreover, the projects that were built belonged to the Chinese Empire.
Most of the raw materials needed for the construction of the project were imported from the Chinese Empire, because these projects were carried out by the Chinese Empire, so naturally they bought whoever they wanted.
The import of raw materials for these projects is subject to zero tariffs, which is part of the cash-for-work policy.
Therefore, these cash-for-work projects do not restore the economies of these member countries, but only keep their people from starving.
This policy solves a lot of problems.
First of all, the Chinese Empire has been providing food and clothing free of charge for so many years, so the Chinese Empire's political axe claims that the losses are serious and that it must be assisted by another way, so it will adopt the method of cash-for-work.
There are many advantages to cash-for-work, first of all, the Chinese Empire can get rid of losses, and at the same time workers can get paid, although not very high, but always higher than the original price of basic living materials.
And for the rulers of the member states, there is no loss, and the Chinese Empire has built many projects for them, although these projects belong to the Chinese Empire, but these projects are not exactly military war projects, but also civilian projects. This will improve the quality of life and production of their people in the future, so why not?
Nicholas II was happy, and the depreciation of the Asian dollar meant that he could get more money because he had a stake in the Asian Federal Reserve. As soon as the Fed issues additional banknotes, he will be able to get the money, which belongs to the royal family.
With the satisfaction of the rulers of the member states, this cash-for-work policy was smoothly implemented in the territory of the member states.
Since it is a cash-for-work work, with a word for relief, the salary is not high.
Since the wages are not high, then the cost of engineering construction is very low, and the production of raw materials for engineering construction is controlled by East China Group, with the arrival of the economic depression, a large number of building materials production enterprises went bankrupt, and East China Group once again achieved a monopoly position in the building materials manufacturing industry.
Cash-for-work is also carried out by the state, and the state naturally procures raw materials from the East China political axe.
After the economic depression, the cost of social labor was greatly reduced, the level of workers' wages fell, and the cost of raw material production was also reduced.
As it drops again and again, the cost of the project also decreases.
But the currency was issued again, and the Asian Federal Reserve printed a large amount of new bills for the state, and after the tightening of the bank policy, the bank also had a lot of bills.
In such a situation, the state seems to have unlimited financial resources.
All kinds of projects appeared in the territory of the Chinese Empire and the member states of the Third World Alliance.
Among them, the number of projects in the Chinese Empire is the largest, and the central government has central projects, and the localities also have local projects.
First of all, in terms of railways, the empire now has 360,000 kilometers of railways, and the empire plans to build another 150,000 kilometers of railways, bringing the total length to 510,000 kilometers.
The 150,000 km of railways are mainly concentrated in the west, extending all the way to Western Europe and ending in Poland. This is for the sake of logistical supply considerations for future wars.
For the sake of war logistics, the empire will build two more double-track railways, plus the original one is three, all of which will be extended to Poland, that is, there will be six lines, which will be responsible for transporting Russian raw materials back to China, and then transporting Chinese arms and other war materials to Russia and Poland.
The three double-track railways are not concentrated in one place, but are located at a certain distance, and each has a number of railway branches, which are the railways of the mining areas that transport raw materials to China by rail.
In terms of highways, the Chinese Empire continued to improve the highway system, and any local roads that had not been built were all built.
This is a comprehensive sweep, and all places where cement roads and asphalt roads have not been built will be entered, and no commercial returns will be considered.
For example, in areas such as forest areas, a small road is also built to facilitate the harvesting of trees.
For example, water conservancy projects are also swept up at the local level, flood control projects are first improved, and urban drainage systems are also imperfect. We will improve the irrigation system and strengthen agricultural reform.
In terms of electricity, the Chinese Empire also made a big splash, planning a cluster of hydropower stations in the southwest region, and a large number of medium-sized hydropower stations were included in the construction plan.
This is a comprehensive sweep, after this sweep, the infrastructure of the Chinese Empire is very perfect, and the country is completely reborn.
As for how much these works will cost, this is not in consideration.
If you don't have enough money, you can issue more banknotes, print tickets like crazy, and at the same time increase taxes to a certain extent.
In addition, most of the profits from the construction of these projects have been taken away by the East China Group, which is equivalent to flowing back into the pocket of the political axe, and these profits have been invested by the East China Group in improving productivity, expanding the scale of production, and developing production technology, forming a good cycle.
(To be continued)