Turkey’s economic crises

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Turkey’s economic crises

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Over the past few years, warnings of coming crises have fallen on deaf ears.
No wonder, since our president does not take any criticism into consideration. Rather, he is surrounded by self-proclaimed economic advisers who believe in self-sufficiency and independence in the name of a “nationalist economy.”

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Not surprisingly, one of his top advisers hails from an ultra-nationalist background, whereas another used to be a Maoist in his youth. The president himself has an Islamist-nationalist background, even though he converted to neoliberal economic politics at the point when he thought it would help his aspirations to obtain more power and wealth.

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It is true that the failures of neoliberal economic policies triggered a global backlash, in the direction of nationalist economy discourse. Nevertheless, nationalist economy discourses are bound to be more hollow in those countries whose economies are overly-dependent on global markets, and where economic production structures are too weak to suspend alternative economic policies.
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Nuray Mert @Hurriyet Daily News

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09.12.2016
Turkey’s economic crisis: Free kebabs, haircuts and gravestones

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