Ekrem Şama: "Turkish Lira, disgrace"

Ekrem Şama: "Turkish Lira, disgrace"
Date: 20.12.2021 17:00

Milli Gazete columnist Ekrem Şama writes on Turkey's economy. Here is the full article.

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Money is the unit of measure of a country's wealth, production, labor and all values.
 
Money itself has no value. It is nothing more than a piece of paper and a piece of metal. However, the state behind it determines and protects its nominal value. This is its duty.
 
Money is also used in the exploitation and transfer of assets of the capitalist system. It can be used as a means of pumping money to other segments by stealthily stealing from the wealth of some segments by means of printing new money, devaluing, withdrawing money from the market. In other words, this is the case of "civilized" robbery. Our late Erbakan Hodja used to caricature the coinage and said:
 
“The clicking noises of printing presses when printing money are the crunching sounds of a mouse in the pocket of the poor.” In other words, printing money is a job of pumping the rights of the poor and wage earners to the rich. The exchange rate increase and the devaluation process, which is an upper version of it, means the right of the poor and the people who live by their labor, or more accurately, the purchasing power of the people who have wealth in their hands by decreasing or decreasing. This may be an insignificant situation for the capitalist, who does not care much about the "rights of the people", but it is a very important issue for those who shake the Qur'an in their hands and sometimes remember the concept of "nas". It's a matter of rights.
 
Sir, “For those who live by their labor, we provide wage increases, including the minimum wage. Statements such as "No one's rights are passed on to anyone else" are a great deception. For example, the Turkish currency has been melting for months, almost every day, every hour. Some days it loses 5 percent, 10 percent value. Those who live on wages sell their labor at that moment, but the value of their wages is lost at that moment, that day, that month. While you claim to make up for it after 3-5 months, you have been giving away your right for months. For example, once you set the minimum wage, the value increases of money, which we can call today's disgrace, do not stop. When it comes to determining the next minimum wage months later, their rights have already been transferred to the pockets of others.
 
Thus, while money should be a constant and equitable measure, it is used as a means of flowing the rights of the poor and working people to the rich.
 
As a matter of fact, the Turkish currency has been in a disgrace for 50-60 years, maybe even longer. It is always melting or being melted. In the first years of AKP rule, 6 of the redundant zeros accumulated as a result of this long meltdown were discarded, thus providing a historical opportunity to stop the meltdown. We all applauded. But unfortunately, this opportunity was wasted by selling the factories and production facilities that would keep the value of our money stable, turning a blind eye to all warnings and realities, and being sold “like fathers”. The rest are still for sale. In addition, the transfer of resources, most of which were borrowed as debt, to inefficient fields, sinking into huge seas of waste, and the explosion of imports, brought the disgraceful situation of our day before us.
 
If you ask to whose account these huge "rightful shares" in the recent past are written, it will be written to the state, that is, to the administrators, who should stand behind the money in the first place.
 
Instead of confessing the truth and appearing before the nation; By words such as “I will be upset if this model does not work”, we mean managers who think that they are taking precautions like flipping a coin. We mean managers who still prioritize production and don't talk about productive investments.
 
If they say that it is not possible for us to take production measures in the short term, they should at least switch to the "echelle-mobile" system in wages, announced by National Vision as a temporary measure.
 
Urgently!

YEREL HABERLER

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