[SC - PASSED] Against Inflationary Practices

Against Inflationary Practices
Category: Declaration | Type: Declare
Proposed by: Fhaengshia, Co-authored by: Barlyy | Onsite Topic​

The Security Council,

Recognising the importance that economic security plays in both national and international commerce throughout the vast quantity of states in existence;

Praising how the international free market has enabled nations of all sundry to co-operate towards goals both domestic and collective, being essential to the pursuits of countless nations in their curations, and as an indispensable facet of the work done by some nations that have been commended for their endeavours, including 9003 and 1 very fast endotarter;

Acknowledging the utilisation of client states in the purpose of enriching national collections via the free market as a frequent customary practice requiring greater governmental management overheads with benefits via outsourcing acquisitions and allowing a far greater degree of revenue generation;

Lamenting the scarcity of particular artworks in which the author nation regrettably no longer exists, thereby limiting the quantities of their designs to exceedingly remarkable historic preservations or via national legislation sporadically uncovering previously unaccounted for copies;

Remonstrating the rapacious practices that the most selfish nations use to manipulate these rarer artworks via client states, reprehensibly exploited by some nations condemned by this body such as the detestable Koem Kab and the abhorred Noahs Second Country, yet fearing however that these condemnations have not served as sufficient deterrent as these loathsome inflationary practices have only seen increased use since the passage of these resolutions;

Bringing to light the unquestionable harm that these odious practices can inflict on both individual nations and on the wider economy as evident by:

• The turbulent volatility of artwork pricing and the subsequent disastrous effects on national bank reserves orchestrated through a variety of unethical schemes such as malevolent pump and dump fraud where values are artificially inflated to sell at extreme markups on the marketplace,
• Such severe deterioration in the reliability of gallery valuations to a point where rankings have reached meaningless levels, with galleries of respected provenance and prestige being relegated beneath those composed entirely out of artwork of lesser esteem collected via a far lower effort of curation, in addition to individual artwork valuation rankings suffering to an even greater degree as such rankings merely indicate how extensive this exploitation has become,
• The egregious monopolisation of scarce artwork by miserly speculators which only increases the damage of market aberrations to the detriment of collectors and collections through selfish practices such as hoarding of otherwise common quality artwork and the expense of such collections soaring from the inflated perceived value held by said speculators, and
• The disappointing proliferation of such practices having led to a distressing level of antagonism in market exchanges and in international forums resulting in escalating tension and straining relations on the world stage;

Confirming that such despicable inflationary practices that take place in the international market are deleterious to national and international interests in regard to economic security and the furtherance of culturally important national galleries, and serve no acceptable role within the international rules-based order;

Hereby declares this Council’s position against inflationary practices.

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DGES:

Very interesting to see a Declaration on cards trading. Might even be the first of its kind

For

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