Article: We should question the current state of the economy in Turkey (by Şeref OĞUZ)

“The current price the economy is paying has undoubtedly arisen from irresponsibility of “some”. Because we either cannot contemplate the reasons for this or do not have the courage to do so, it is clear that we will pay even higher prices.

For example; “some” came forward with the thesis “interest is the cause, inflation is the result” and put Turkey on a tough economic path. Some labeled every scientific warning as “external forces”… Some endangered the existence of 86 million people with an “epistemological rupture” rather than ensuring the healthy functioning of the market…

Unless we analyze these issues and unless we chase after those who spend billions of dollars, saying “there cannot be any saving on reputation” be prepared for new heterodoxies. Even now, under the Orthodox discourse, we are witnessing attempts to find resources for their supporters rather than restoring the economy.

Why can’t the money that can’t be found in the Gulf, or the resources that can’t come from America, make their way here?

When you look at it, it seems like there is a frantic effort to fix the economy… Medium-term programs, boards, and so on… However, I would say, be prepared for even bigger crises unless we scrutinize the deterioration in the economy.”

EDITOR’S NOTE: This is an excerpt translated from an article by Şeref OĞUZ, an economist and opinion leader writing for EKONOMIM.com, one of the most prominent economy news portals of Turkey. We thank the author for the article published on said web portal.