Generally Accepted Market Principles: Difference between revisions
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[[Category: Generally Accepted Concepts]] | [[Category: Generally Accepted Concepts]] | ||
The Generally Accepted Market Principles (GAMPs) are a crucial | The Generally Accepted Market Principles (GAMPs) are a crucial [[Corporate Coalition]] agreement that govern the operating constituents of a corporation in the free market. As the planet of Vex transitioned into a [[hypercapitalism|hypercapitalist]] society, with the Post-Sovereign Economic Phase (PSEP) as the catalyst, the necessity for a cohesive and universally recognized system of commerce proved to be essential, despite the abolishment of centralized authority oversight. GAMPs were created to ensure the mutual recognition of a rival corporation's right to existence, along with improved conditions to enable the free market and competition to fill in gaps left over by the [[Nation-state|nation-states]] no longer existing. | ||
GAMPs were established by the [[Corporate Coalition]] at the dawn of the 24th century. The members of the Corporate Coalition were in unanimous agreement that standards and principles should exist to enable free market enterprise to function more effectively and unencumbered. Before GAMPs, there were several instances of large-scale armed conflicts between corporate groups across the planet. | GAMPs were established by the [[Corporate Coalition]] at the dawn of the 24th century. The members of the [[Corporate Coalition]] were in unanimous agreement that standards and principles should exist to enable free market enterprise to function more effectively and unencumbered. Before GAMPs, there were several instances of large-scale armed conflicts between corporate groups across the planet. | ||
GAMPs serve in lieu of traditional corporate registries and records maintained by old world governments. Due to the more extreme paradigm set forth by [[hypercapitalism]], the "requirements" to start a '''broadly recognized''' corporation are far more difficult and stringent than they were prior to the [[Post-Sovereign Economic Phase (PSEP)]]. Shell companies, a common legal vehicle used in the old world, have essentially ceased to exist, not out of legality, but out of the universally agreed upon abolishment outlined by the top [[Giga-corporation|gigacorps]] of [[Vex]]. The [[Consolidated Asset Grid (CAG)]] makes the existence of any new corporate entity immediately known, subsequently making it not only a target for competition, but possibly a target for hostility if the corporation is deemed '''unfit''' or if it is seen as illegitimate by its surrounding counterparts. Shell companies are broadly seen as illegitimate, making their proprietors instant targets of unpredictable and consistent attack. | GAMPs serve in lieu of traditional corporate registries and records maintained by old world governments. Due to the more extreme paradigm set forth by [[hypercapitalism]], the "requirements" to start a '''broadly recognized''' corporation are far more difficult and stringent than they were prior to the [[Post-Sovereign Economic Phase (PSEP)]]. Shell companies, a common legal vehicle used in the old world, have essentially ceased to exist, not out of legality, but out of the universally agreed upon abolishment outlined by the top [[Giga-corporation|gigacorps]] of [[Vex]]. The [[Consolidated Asset Grid (CAG)]] makes the existence of any new corporate entity immediately known, subsequently making it not only a target for competition, but possibly a target for hostility if the corporation is deemed '''unfit''' or if it is seen as illegitimate by its surrounding counterparts. Shell companies are broadly seen as illegitimate, making their proprietors instant targets of unpredictable and consistent attack. | ||
Revision as of 05:45, 13 April 2025
The Generally Accepted Market Principles (GAMPs) are a crucial Corporate Coalition agreement that govern the operating constituents of a corporation in the free market. As the planet of Vex transitioned into a hypercapitalist society, with the Post-Sovereign Economic Phase (PSEP) as the catalyst, the necessity for a cohesive and universally recognized system of commerce proved to be essential, despite the abolishment of centralized authority oversight. GAMPs were created to ensure the mutual recognition of a rival corporation's right to existence, along with improved conditions to enable the free market and competition to fill in gaps left over by the nation-states no longer existing.
GAMPs were established by the Corporate Coalition at the dawn of the 24th century. The members of the Corporate Coalition were in unanimous agreement that standards and principles should exist to enable free market enterprise to function more effectively and unencumbered. Before GAMPs, there were several instances of large-scale armed conflicts between corporate groups across the planet.
GAMPs serve in lieu of traditional corporate registries and records maintained by old world governments. Due to the more extreme paradigm set forth by hypercapitalism, the "requirements" to start a broadly recognized corporation are far more difficult and stringent than they were prior to the Post-Sovereign Economic Phase (PSEP). Shell companies, a common legal vehicle used in the old world, have essentially ceased to exist, not out of legality, but out of the universally agreed upon abolishment outlined by the top gigacorps of Vex. The Consolidated Asset Grid (CAG) makes the existence of any new corporate entity immediately known, subsequently making it not only a target for competition, but possibly a target for hostility if the corporation is deemed unfit or if it is seen as illegitimate by its surrounding counterparts. Shell companies are broadly seen as illegitimate, making their proprietors instant targets of unpredictable and consistent attack.
