Capital

• Glossary
• Base Rules

How to Play

Setup

1. Place a (colorless) city in the center of the table. This is the metropolis.
2. Place cities surrounding the metropolis.
• The color of the city determines what is produced at mines in the city, among other things.
• Place 1 resource and 1 material of the respective color on each city.
• It is reccomended that the number of localities is less than the number of players and that 3 different colors are present
3. Put a stack of placeholder cards in front of each player. You may went to set aside a set for the bank as well.
4. Each player takes 100 units.
5. Place 3 executive actions in front of each player.
6. Put one of each players placeholder cards in front of the bank. This will serve as their debt supply and be the place where stock they sell will be placed.
• Place 10 wooden stock tokens in front of each player. They may immediately sell any number of these for 10 units each and place the token on their placeholder card in front of the bank. See below for more information on stock.
• Put five tokens on the player's debt supply. They may immediately take on debt using these tokens. See below for more information on bonds.

Debt

The bond supply represents the amount of debt available to the player, as well as how expensive that debt is. A player can only take on OR repay debt (not both in the same round) during the administrative phase, after debt and maintenance have been paid.

• A bond has a value of 0, plus 10 for every token on the bond supply

Whenever a player takes on debt, they do the following.

• Receive the value of the bond
• Add 5 to their maintenance
• Remove a token from their bond supply.
• Record or signify the amount borrowed.

If a player wishes to pay back debt

• Pay the amount that was borrowed
• Remove 5 from their maintenance
• Add a debt token to their bond supply

Stock

Stock represents the share of ownership a player has in their company. All players have ten stock and can choose to sell and purchase it during the administrative phase, after debt and maintenance have been paid. When selling or re-purchasing your stock:

• The value of the stock is the greater of 10 and one fifth (rounded down) of your business value
• Pay this amount for each share you wish to buy, and receive this amount for each share you sell, exchanging the necessary tokens between yourself and the bank

Keep in mind, the players percentage ownership is used in their score calculation.

Gameplay

The game is composed of rounds. Each round consists of a series of actions taken by players, one at a time. The player with the lowest score goes first - tiebreaker being youngest player.

1. Auction Phase
• If there are foreclosures, an auction is offered for each foreclosed building. See below for details.
• After the first round, additionally:
  • On a coin flip, auction off a technology
  • On a coin flip, resolve an event.
2. Action Phase
• Each player takes their turn by completing one to three actions (during the first round each player is only permitted one) - either an executive action, local action, or an unique action. The corresponding token should be flipped to signify it has been used.
• Each player may pass once during this phase.
• Players continue, in order, until they have no further actions to play, or do not want to use any more actions.
3. Administrative Phase - Players do the following, in this order:
1. Pay interest on loans
• If a player cannot, or chooses not to, pay the interest on a loan - A player can foreclose buildings and units. The player loses ownership of the building/unit, but receives half of the value in cash. They also receive half the (max) value of any commodities on the building, or units associated with the building. If there is nothing left to be foreclosed and a loan payment is still owed, the player is bankrupt and is eliminated.
2. Pay maintenance
• If a player cannot, or chooses not to, pay maintenance on a building or unit - The building or unit is foreclosed. The player loses ownership of the building/unit, but receives half of the value in cash.
3. Calculation of Business Value and score.
• Business Value is the sum of all cash, value of all buildings, and half the max value of any unsold commodities, minus any debt. A player's score is their business value, divided by 10 and then multiplied by the number of stock they own.
• The game is over once a player has a score of 500.
4. Stock and bond actions
5. Players may make deals, but property may only be exchanged with the use of an executive action. This action must have been left unused during the action phase.
6. Prepare for the next round.
• All actions are refreshed
• Subtract one token of each color from each locality. Subtract two of each color from the metropolis. If a city has no resources of it's own color, add 2. If a city has no materials of it's own color, add 2.
• Add 1 token to each players bond supply.

Auction

• This is the first phase of each round.
• Auction off all of the foreclosed buildings and units simultaneously:
• The starting bid must be half of the value of the building or unit (rounded down), including upgrades. Add half the max values of any commodities that come with the building.
• The player with the lowest Business Value goes first. The player starts with a bid or pass.
• Once a player passes, they may not reenter the bidding for that particular building or unit, unless any bid that they are currently winning is surpassed.
• The player with the highest bid (if any) when all other players have passed is awarded the building or unit. The building or unit never moves during this process. The winner simply replaces the placeholder card with their own and places an expended action for the building or unit’s unique action.

Commodities

• resources are produced at mines, moved using transports (or sometimes buildings), and sold to localities or other players. Commodities do not move freely within a locality, they must be transported.
• If a resource, material, or product is sold to a locality, move the resource to the locality’s placeholder card - also called the localities market.
• The materials are considered a different color than their respective resources. Products are considered to be the same color if they are the same type (2product for example).
• At any time you may expend an executive action and transport commodities as follows:

  Cost	Commodities	Movement
  5	2	2
  10	3	3
  15	4	4

Cities and the Metropolis

These localities will be your main customer throughout the game. Each city produces and demands the various commodities.

• Whenever a resource, material, or product is sold to a locality, the price for future commoditiess changes.
• When determining your earnings, use the price chart but subtract the variability for every commodity of the same type and color already on the localities placeholder card. This is the value you earn. Even if you are selling two resources (or materials or products), you must do the sale one at a time to ensure your earnings are correct. The number of tokens will obviously change from the first sale to the second.
• If you would like to buy a resource, material, or product from a locality, determine how much was earned when that token was sold to the locality. Pay that amount, plus the variability. Repeat to buy additional tokens.

Buildings

When a building is constructed, it comes with an unique action . Each building can be upgraded twice, and each upgrade grants the building an additional use of the unique action. A building with no upgrades is referred to as level 1. If there are two level 3 buildings in a city, that city is said to have 6 levels of that building. If the game refers to "game base maintenenace" or "game base upgrade maintenance" etc, this refers to the unchanged values found in the table below.

• When you build or upgrade a building, you may also immediately purchase upgrades without using additional executive actions.
• When a building is bought, purchased at auction, or upgraded, it does not receive its (new) unique action until you pay maintenance on it for the first time at the end of the round.
• If you do not pay maintenance on a building, it is foreclosed. If a building is foreclosed, the units attached to it are as well.
• Any building in the metropolis costs twice as much to build, upgrade, and maintain.
• Players may choose to expend ALL actions on a building to receive half the maintenance cost in cash. This money should be set aside and only used to pay maintenance at the end of the round.
• You may use an executive / local action to demolish a building. You must pay the amount of the maintenance for the building to the bank as part of the action.

Units

Units may not be sold or change posession, unless the building they are attached to changes posession. The appropriate number of units + upgrades must follow the building that changes hands. A players units + unit upgrades must be exactly the expected number according to the number and level of respective building.

Technology

• When a tech is obtained place a placeholder card underneath the tech token to symbolize you receive the bonus.
• Once a player has a tech, they may sell access to any player they wish, respecting any agreements they previously made.
• During the auction phase, randomly choose and auction a tech.

Events

Natural Disaster - Transportation

Randomly choose two adjacent localities. For transportation, those two localities are not connected this round

Legislation: False

Natural Disaster - City

Randomly choose a locality. No actions can be used in localities of that color.

Legislation: False

Strike!

Randomly choose a building type. Each player may either lose the ability to use the building this round or add 1 maintenance for every level of the building to the maintenance of the building.

Legislation: False

Empty Mines

Randomly choose a locality. Mines there produce no resources this round.

Legislation: False

Upstart

Randomly choose a commodity (and color if necessary). Add 5 of that commodity to all localities.

Legislation: False

Fad

Randomly choose a commodity (and color if necessary). Remove all of that commodity from all localities.

Legislation: False

Federal Reserve

Randomly choose one of the following two: (1) Add 2 tokens to each players bond supply; (2) Remove 2 tokens to each players bond supply;

Legislation: False

Demand!

Randomly choose a commodity and whether to add or subtract. Add or subtract 2 var to the base sell price for that commodity.

Legislation: False

Anti Dog Eat Dog Act

For this round only, for each building type, randomly choose a player who possesses that type of building. All others must deactivate their actions on that building type.

Legislation: True

Equal Opportunity Act

For this round only, no player can build a building type that they don't already possess.

Legislation: True

Fair Play Act

For this round only, a commodity may not move out of the locality it currently resides in.

Legislation: True

New Government Program

Increase maintenance on all buildings by 1 per level.

Legislation: True

HELP Act

Increase maintenance on all buildings by 1 per level

Legislation: True

New Government Regulation

Increase maintenance on all buildings by 1 per level

Legislation: True

Natural Resource Protection Act

Executive actions can't be used on mines.

Legislation: True

Import Tax

Pay 1 every time an action is used by or on the train station.

Legislation: True

Transportation Commission

Increase maintenance on garages by 1 per level

Legislation: True

Green Tech Subsidy

Owner of green tech receives 3 per building level per turn. All building maintenance increases by 1 per level.

Legislation: True

Tech Subsidy

Each Lab maintenance is reduced by 2. All building maintenance increased by 1 per level.

Legislation: True

Industry Subsidy

Randomly choose a building type. That buildings maintenance costs are reduced by 2, regardless of when the building is built. All building maintenance increased by 1.

Legislation: True

Earnings Tax

Pay 1 for every 10 your business value increased from last round.

Legislation: True

Redistribute

Take 5 for every 20 business value from each player. Distribute the pot evenly between the bank and the players.

Legislation: True

Labor War

Start an auction, but instead of bidding a one time amount, you are bidding a maintenance amount, paid every turn. Highest bidder chooses a building and places another action on it.

Legislation: False

Carbon Tax

Randomly choose a building. All buildings of that type pay an additional 1 maintenance, regardless of when the building is constructed.

Legislation: True

Lobbyists

Randomly choose a building type. Double the game base value and upgrade value. In other words, that building type is now more valuable, but costs double to construct and upgrade.

Legislation: True

Economic Downturn

Roll a die. If the roll is not 5 or 6, do not remove any tokens as part of the Value Phase commodity consumption. This event remains in play each round until a 5 or 6 is rolled.

Legislation: False

Government Debt

Choose randomly: (1) Add 4 tokens to each player's bond supply. (2) Remove 4 tokens to each player's bond supply.

Legislation: False

Infrastructure

Randomly choose 2 localities and start an auction for a superhighway. The starting bid should be 20, unless it connects to the metropolis, in which case the starting bid should be 40.

Legislation: False

Irrational Investors

Flip a coin. If heads, all stock is worth double. If tails it is worth half. Each round flip a coin twice. If both are heads, stocks return to their standard value.

Legislation: False

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