Turkey commting assisted economic suicide?

Naomasa298

Forum Staff
Apr 2010
35,240
T'Republic of Yorkshire
Perhaps they would be more reassured if the country's finances weren't a family business!
In itself, that's not necessarily a bad thing if the ministers are competent. After all, quite a lot of the Gulf Arab countries are run by members of their ruling families, and they're doing rather well.
 

Dreamhunter

Ad Honorem
Jun 2012
7,482
Malaysia
If you had someone you cud trust, and you hv enough confidence about him really knowing what he is doing, why not. Other than the risks of rivals & adversaries using it for allegations of nepotism etc., that he happens to be closely related to you shud not matter all that much. That is why Jared is now senior adviser to Donald. It isn't becos he is a son in law, but becos he has the relevant competency & expertise for it.

So too the case for Berat Albayrak, Turkey's new Finance Minister. If Reccep had really wanted absolute full control of Turkey's economy, he wud not hv named his son-in-law to that position. He wud hv appointed himself.
 
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antocya

Ad Honorem
May 2012
5,778
Iraq
A lot of people don’t believe Jared Kushner is qualified and Erdoğan giving himself the job might be too obvious even for him.
 

Dreamhunter

Ad Honorem
Jun 2012
7,482
Malaysia
Erdoğan giving himself the job might be too obvious even for him.
It can be done. A PM/Prez cud appoint himself as Finance Minister. And then appoint two Deputy Finance Ministers. Wud be better than having a separate Finance Minister with whom you're not on the same page with, and who can't be relied upon to run the economy the way you believe it shud be.
 

Willempie

Ad Honorem
Jul 2015
5,393
Netherlands
They might risk jail, but the chamber of commerce released a statement. After the mandatory "we are supporting Erdo's brilliant policies", they put in some major demands:
- Preparing a concrete road map that is reassuring to reduce inflation permanently,
- The re-affirmation of our relations with our most important economic partner, the European Union,
- Urgently solve existing problems between the USA and Turkey through within the framework of strategic partnership.
https://www.tobb.org.tr/Sayfalar/Eng/Detay.php?rid=23686&lst=MansetListesi
 
Apr 2012
1,040
The Netherlands
If you had someone you cud trust, and you hv enough confidence about him really knowing what he is doing, why not. Other than the risks of rivals & adversaries using it for allegations of nepotism etc., that he happens to be closely related to you shud not matter all that much. That is why Jared is now senior adviser to Donald. It isn't becos he is a son in law, but becos he has the relevant competency & expertise for it.

So too the case for Berat Albayrak, Turkey's new Finance Minister. If Reccep had really wanted absolute full control of Turkey's economy, he wud not hv named his son-in-law to that position. He wud hv appointed himself.
That's a little bit naive. If an openly corrupt businessman offers a very high position to a man without much experience in politics who just happens to be his son in law then its likely that the family relation mattered more than the lack of experience.

Same in Turkey. If an openly aspiring dictator puts a highly important institution in the hands of his son in law its likely that its because his son in law is under his control where a regular politician or administrator wouldn't be.
 

Nostromo

Ad Honorem
Jan 2014
2,502
Queens
Also, there is the matter of trust. If one feels like he is surrounded by untrustworthy leakers/conspirators then he's more likely to appoint family/friends even if they are unqualified. Both Trump and Erdogan have plenty of reasons to be paranoid, so they couldn't care less about accusations of nepotism, regardless of how it makes them look.
 

AlpinLuke

Forum Staff
Oct 2011
27,050
Italy, Lago Maggiore
Turkey is facing a pivotal moment of its recent history: is Turkey still a reliable NATO member? This is the question.


If Turkey geopolitical strategy is no more in agreement with the geopolitical strategy of the North Atlantic Alliance ... Turkey begins to look more like an enemy than an ally. At Ankara they should ponder this.
 

kandal

Ad Honorem
Aug 2015
2,782
USA
Turkey under Erdogan has been borrowing heavy with higher interest rates and spending lavishly on infrastructure projects, including building thousands of mosques. All this spending has created an illusion of economic progress, but it has not resulted in an equal increase of long term wealth and prosperity. This has caused high inflation.

Turkey's outlook appears that trend to continue, prompting the foreign lenders to start pulling its money out of the country, before things escalate and the country not able to pay its debts. That is what is causing the Lira to fall.

The real reason why all this has come about is the Turkish people's work ethics, culture, and so on, that hasn't changed for a long time. Turks are not a western people. It has no big oil under its land as in the Arab world, where lazy people could become rich without changing. Turks have to do it the hard way, as in the West and in the Far East. Are Turks up to it? Good question!
 
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