Zeki Ceyhan: "How to fix the broken economy?"

Zeki Ceyhan: "How to fix the broken economy?"
Date: 11.8.2022 12:00

Milli Gazete columnist Zeki Ceyhan writes on Turkey's economy. Here is the full article.

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Of course, we are not economists and what we say does not make such a claim.
 
But we are aware that what we say is more consistent than those who try to steer the economy with "all of a sudden" advice.
 
Because the "all of a sudden" recommendations were fulfilled, but the economy could not recover.
 
In that case, it is necessary not to rely on such "all of a sudden" advice and to stay away from it as much as possible.
 
So what should be done to fix the economy?
 
First of all, it is necessary to give up waste!
 
All waste gates must be closed!
 
In other words, the doors of waste that are opened to the end with the approach of "no saving in reputation" should be closed one by one.
 
Then our ancestors must be listened to.
 
If our ancestors told us to cut your coat according to your cloth, of course they knew something.
 
As a matter of fact, the country's economy is experiencing the same problems now.
 
An approach that forgets about saving and is not sensitive about waste is now struggling with economic problems.
 
There are ground rules that are forgotten during this struggle.
 
Wherever you go in the world, when it comes to economic relations, the lender, not the borrower, sets the terms.
 
The needy, that is, the borrower, does not have a chance to determine the conditions.
 
The lender, who is not in need everywhere, gives loans on the condition that he determines the most suitable conditions and complies with it.
 
In this regard, the borrower cannot have the luxury of saying that I will determine the conditions.
 
Acting contrary to this basic rule means nothing more than forcing a chance or luxury that does not exist.
 
And the economy is doomed to enter even more difficult periods.
 
Curiosity like doing big things is one of the factors that gets the economy in trouble.
 
The curiosity of doing big things puts the economy in more trouble than doing it according to need.
 
It becomes a new waste of money.
 
Of course, the construction sector is a sector that cannot be ignored, but the emphasis must be given to production-oriented investments in order to level the economy. In our opinion, the economy can only improve like this!

YEREL HABERLER

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