When we read the news on the headlines of a pro-government newspaper, we once again understood how the economy is deadlocked and that its wheel doesn’t spin. The headline is exactly so:
“The wheels will spin if public pay their debts”. After reading the headline, a conclusion that public can’t pay their debts shows unavoidably up. The fact that the public has reached the point of not being able to pay the debts make think that primarily domestic-borrowing will increase and with this, that the expectation of decrease in interest rates will not be possible for a while. At this point, I would like to briefly transfer statements from the news:
“MÜSİAD (Independent Industrialists and Businessmen’s Association) Vice Chairman Kerim Altintas: If the public debts will be paid, the clouds in front of the companies will disperse, interest and inflation will decrease.
ASKON (Anatolia Lions Businessmen’s Association) Chairman Orhan Aydin: Public institutions need to take on responsibilities to pay their debts to the market.
CEO of Albayrak Group Omer Bolat: Businesses become miserable with their assets. If the public pays their debts, businesses also make their payments to suppliers and workers.
Assoc. Prof. Dr. Kadir Tuna: Production is slowing down. The payment plans of public institutions should be reviewed and accelerated.”
Just let me say, I'm not about to draw a pessimistic picture. However, the optimistic statements made by persons in charge aren’t enough to revive the market, to spin the wheel, to increase production and to decrease unemployment. Of course, persons in charge must instil hope. However, for the permanent of hope instilled to society and its reflection on the relief of the society, it is necessary to take the right steps. In the current economic system with chain of command, it isn’t possible to decrease interest rates and to withdraw the inflation. Because as long as domestic and foreign money holders are needed, the interest rates are determined by those money holders rather than the central banks. The circles of funds, whose work is to earn money from money rather than contribute to production, are only considering their own interests. Even if the domestic investors take on responsibilities within possibility and consent less, it is known that global circles of funds have insatiable ambitions. In order to reduce interest rates in this regard, it is necessary for states to be able to get rid of borrowing to satisfy their needs and if it isn’t possible to get rid, they should minimize it. The way to do this is to increase production and to renounce from investment spending towards consumption. If this can’t be provided, I don’t think inventing a number of domestic enemies and adding foreign enemies to them who watch for an opportunity at any moment and pass the buck on them will take the responsibilities from the power.
It is necessary to act together as a nation and to sacrifice together to spin the wheels of the economy. It is seen that it isn’t possible to spin the wheel of the economy by declaring half of the society a traitor. It isn’t only necessary to fight against terrorism, but also in the economic field, and the way to achieve it is to embrace as society. This country isn’t a main homeland for a number of people and a refuge for others. We all have to take on responsibilities when t is needed. For this, the first embracing move must be done by the government.