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Dear Mr. Shishir

Reader comment on item: Turkey's Military Capitulation Hits Home
in response to reader comment: Debanjan:Socialism,what socialism?

Submitted by Debanjan Banerjee (India), May 9, 2012 at 22:58

"Socialism is Robin Hood taken to the extreme-taking not just from the rich but the productive middle classes and giving to the unproductive."

My Answer : I am afraid your definition of socialism does not stand the test of real world experiences. If the Western countries of late are piling up taxes upon the rich for paying the poor's lifestyles , then why there is so huge income equality present in almost all countries of the Western hemisphere ? In the US despite all the accusations of high taxes on the rich , it is the rich who control almost entirety of the economic growth in the last 30 years. In the US in particular the wages of the middle classes have become stagnant in the last 30 years according to many independent economists.

Remember Occupy movements and Indignado movements are taking place in the West in protest of economic inequality and not for anything else.

So if according to you Western nations have been practicing socialism for the last 60 years and robbing the rich to pay the unproductive poor then how come the rich have become omnipotent and more richer over the last 3 decades that they now even control the political process and "democratic elections" in the US have become a farce and place of auction to be won by the highest bidder to say the least.

I hope you would try to explain your contradictions in good spirits.

I am still eagerly waiting your defintions of Islamic finance and how Turkey has implemented it. Only one example has come forth which says that Turkish usage of cheap credits is detrimental to the long term growth of the economy.

Now my question to you is that is your definition of Islamic finance is only cheap and easy credits ? You yourself in another question said that mass consumerism also means easy and cheap credits so should I assume that according to you easy credits and Islamic finance are also the same ?

Another related question here is that we also need to observe is that I am not supportive of every policy of Turkey in the last couple of years.

1. Turkey in order to control the trade deficits , should think seriously about scraping the usage of dollar for any types of commercial transactions.

2. The problem with using dollar for your transactions remain that if you do not have enough dollar it will be a problem for you in terms of trade deficits which would force you to go to institutions such as IMF or World Bank endangering your sovereignity.

3. Instead Turkey should opt for barter trade i.e. exchange of goods with countries of its neighborhood in particular.

4. Doing business with neighbors is the most important thing to do if you want to grow. Because last year saw Turkey caving under US pressure to reduce trade with its neighbors like Iraq , Syria and Iran this is increasing Turkey's trade deficits. This is something Turkey needs to look to correct in future.

5. There is no need for Turkey to purchase obsolete , unreliable and costly weapons such as those from the US like F-22 and F-35 etc. Instead it should think about improving its own indigenous defense production and seek to boost defense exports.

Take care

Debanjan

Submitting....

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Reader comments (28) on this item

Title Commenter Date Thread
1Turkey's Military Capitulation Hits Home [52 words]stephjoshMay 14, 2012 04:22195598
1Turkey should not allowed to EU [191 words]moMay 20, 2012 03:23195598
Slavery mentalitty [11 words]B SoetoroMay 22, 2012 07:56195598
1Turkey [28 words]GeorgeAug 15, 2012 16:01195598
For Better Days [18 words]Jay1Apr 25, 2012 18:06195258
Unfortunate but.... [70 words]ShishirApr 23, 2012 06:34195233
New Turkey [118 words]NazimApr 24, 2012 18:36195233
Turkish desperation [168 words]ShishirApr 26, 2012 08:52195233
My reply to Shishir [272 words]Debanjan BanerjeeApr 26, 2012 23:04195233
My reply to Shishir [171 words]Debanjan BanerjeeApr 26, 2012 23:11195233
Here comes Turkeys knight in shining armor Debanjan [268 words]ShishirApr 28, 2012 00:43195233
Iran and Turkey:Please heed Debanjan's military expertise! [662 words]ShishirApr 28, 2012 01:31195233
My reply to Shishir [688 words]Debanjan BanerjeeApr 29, 2012 23:11195233
Normandy invasion was a footnote, no one remembers Patton,arab armies are magnificient and other gems of military expertise from Debanjan [850 words]ShishirMay 1, 2012 05:09195233
Dream of Turkish crash [74 words]moMay 6, 2012 15:25195233
My reply to Shishir [229 words]Debanjan BanerjeeMay 7, 2012 04:26195233
Debanjan:Socialism,what socialism? [780 words]ShishirMay 8, 2012 04:29195233
This isnt a dream for me but a nightmare for Turks [253 words]ShishirMay 8, 2012 04:37195233
1Turkish crash [173 words]NazimMay 8, 2012 13:21195233
1To early to conclude anything about Turkish economy [135 words]PrashantMay 9, 2012 07:34195233
Nothing to do with Islamic vs Secular [165 words]ShishirMay 9, 2012 12:01195233
Dear Mr. Shishir [555 words]Debanjan BanerjeeMay 9, 2012 22:58195233
Prediction [151 words]moMay 11, 2012 15:18195233
Please read my comments before jumping to conclusions [81 words]ShishirMay 13, 2012 02:30195233
One more time for Debanjan [825 words]ShishirMay 13, 2012 03:28195233
My reply [1021 words]Debanjan BanerjeeMay 28, 2012 12:29195233
So many words from Debanjan, but so little substance [1496 words]ShishirMay 30, 2012 05:40195233
Coups in Turkey [25 words]
w/response from Daniel Pipes
Ayla KosebeyApr 22, 2012 07:02195222

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