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Follow on Google News | Schock Market Updates its Market Overview PageThe public sector in the U.S. represents 35% of GDP or $7.3 trillion in spending each year. In some cases, privatization of this public sector spending may allow for an improvement in the quality of services citizens receive. Please keep in mind that privatization is not always the best solution for a community. Our markets are designed to challenge the status quo and promote alternatives. Only when it makes sense should privatization proceed. PLAY MONEY The Homestead Act of 1862 allowed American pioneers to secure claims on government land by submitting a form. At Schock Market, participants secure claims by making bids in a market. You make bids using play money that is provided to you at time of registration. How much play money? One hundred thousand dollars. Like a board game, you use this play money to safely bid on claims and keep track of projected payouts. Unlike a board game, however, this play money gives you the opportunity to earn real money in the end. For example, you might bid on a proposal for privatizing a municipal stormwater treatment plant, with play money. If the treatment plant is privatized, you could be eligible to receive a substantial payout, in real money. This money would arrive as a check mailed to you from the winning contractor. End
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