We can make many definitions about the economic management of today’s power. But my favorite definition inconsistency management It is possible.
It was in a song by Ahmet Kaya!
He was saying that wherever you look at it, it’s inconsistent…
You already know the rest. This is exactly the kind of economy management we have. It is an economic policy implementation that thinks it is doing good things all the time, but can still harm the country even with its apparent successes (!).
Take, for example, economic growth. The Turkish economy shows a strong growth performance during periods of growth difficulties all over the world.
How beautiful it looks.
But it is not.
There is a growth mechanism in favor of capital, which constantly distorts income distribution. I don’t say it, the data does. Two days later, the second quarter growth data will say the same thing as it has for the last two years.
That the share of the worker, the laborer, from the national income has decreased, the share of the capital and the owner has increased.
To be honest, it’s very easy to grow like this.
They implement such a policy that the value of TL is constantly decreasing. They increase production in products with low added value and break export records.
They are implementing such a policy that in an environment where inflation breaks records, people are dying to borrow money with interest rates below inflation and to bring consumption forward.
They are implementing such a policy that the discipline in the budget remains only in President Erdogan’s speeches.
Let me be frank.
With this mindset, my father also grows the economy!
**
For example, they pride themselves on export records as well as growth.
But we all know that even exports, which broke a record with the low value of TL and the increase in products with low added value, fuels poverty.
Let me give you a simple example.
I took a look at the details of the foreign trade data announced by TUIK on Monday. In the January-July period of 2021, the total size of “processed and unprocessed raw materials that are based on food and beverages”, that is, roughly, raw material exports related to food production is 1.9 billion dollars!
in the same items Total exports in the first seven months of this year are 11.7 billion dollars. It has increased almost 6 times.
You may ask, why did this export impoverish us?
If the producers had reached this export amount by increasing the production by this much, your question would be right. However, instead of giving these products, whose production has increased much less than exports, under current conditions, instead of giving them to the foreign market, they cause the domestic prices to increase.
As a result, we pay more for the goods that we would buy at a more affordable price if the citizens of this country stayed inside.
Food inflation gone? Why was it so high?
The reason is due to many errors. But one is the one I wrote above.
So who is losing?
Millions of consumers.
Who’s winning?
A handful of exporters.
As you can see, this economy of inconsistency will continue to hurt us more. Those who caused this will continue to proudly tell us about this stake they threw at the citizens.
As far as we see, as far as we understand, to tell you the truth…