Zambia - Natural Resource Curse


I am watching this still, it's sad that some puntites are being influenced by these crazy southies who think a free market is good for poor countries, this is exactly why investors love a poor country that is deregulated, it means they can increase their profits and invest their profit margins into tax haven like Switzerland and not into the country it is robbing. So let this be a warning for Somalis who support a de-regulated market, multinationals, and low taxation, watch that video and u will see the pitfalls of this policy. That turkish hotel in mogadishu, why doesn't the govt audit it and see how large money goes out towards turkey while minimal goes into mogadishu(cleaners, security guards) the skilled workers are all turks so this generates more wealth for turks not somalis, while their pimping u in your own city and taking mogadishu customers away from them. Why this happened is due to a de-regulated market place. This just hotel, imagine what will happen to the south if they have resources? they will always be second best wallahi, they think 'daar qurxoon' reflects on their people wealth. Last time I checked economists don't measure how many 'daar qurxoon' exist in a country but the purchasing power of it's citizen and u know how poor the local mogadishu person is.

In-fact I think it's un-wise to sell PL resources while we are poor, we are opening up ourselves to clear exploitation, we need to develop our own internal markets and not focus on export driven matters, you will never win in the international market as a poor country other then being a haven for investors to cut their operating costs due to your weak govt, low taxes, poor people = large profit margins. I propose a banking sector and a culture of borrowing n lending is implemented in PL markets immediately to encourage encourage our locals to develop internally while govt implement strict tariffs on importation for 30 year period.

Not just imports but we must tax anyone who is investing in our resources even agriculture and tell them u r wasting your time and the govt should ensure they are taxed heavily to discourage them from foreign exports. We want our people to borrow capital from bank, invest in the market place and create a business and then hire locals. The govt then needs to interfere in the market and ensure taxation is collected by workers and business and ensure businesses pay a rate of salary that is linked to cost of living so we can generate growth for workers to become middle class and own their own property. The rule should be u can be rich but u must also ensure each worker has enough funds to become a consumer of the market which is when the market grows when the worker is spending.

All of this cannot be achieved without govt intervention in the market without strict worker regulations nor it this achievable without bankers being invited to park their money in our banks to ensure the capital is there to support our entrepeneurs to seek loans. Then we need the govt priority be infrastructure, schools and hospitals, no-one will hire someone if their illiterate nor will they pay someone well that is unskilled regardless if their literate or not, this is the part the govt should focus on the human capital infrastructure. Plus it's very difficult to create a labor force if health standards is not good.

Once this is achieved, we will have a huge middle class, skilled workforce, a govt culture that is worker orientated and we can then invite natural resource companies and multinationals, now waa even playing field, but don't invite them while their is no equality whatsoever.
 
So let this be a warning for Somalis who support a de-regulated market, multinationals, and low taxation
Wealthy sociopaths love this, that's how they get away with having children make clothes in unsafe factories in Bangladesh and barely pay them.

Even in Somalia, that's how many got wealthy, they imported expired food and medicine.
 
Wealthy sociopaths love this, that's how they get away with having children make clothes in unsafe factories in Bangladesh and barely pay them.

Even in Somalia, that's how many got wealthy, they imported expired food and medicine.
We have to close down our port, as long as that is there, there will be no incentive for them to build and supply their own materials and goods, u need to do this for a good 30-50 years and then re-open it when the internal market grows to an extent where they start charging too much, then it's ok to bring in exports to balance the market place to compete.

Market place has to be finally grafted and tuned u feel me, u need to know when to focus internally and close down externally and when to open up externally when the intenal market place becomes a monopoly. This will then ensure puntites create their own industries and this will lead to more jobs and if u have govt that ensures salaries are paid according to land and housing prices, this will lead to a surge of people building beautiful villas and having land, once a person owns his own land, he has collateral and from there can begin developing further wealth. We will enjoy a middle class consumers and then we can tap into our natural resources and foreigners will need to pay well due to regulations and due to workers being middle class now meaning middle class pay will begin.
 
Wealthy sociopaths love this, that's how they get away with having children make clothes in unsafe factories in Bangladesh and barely pay them.

Even in Somalia, that's how many got wealthy, they imported expired food and medicine.
I heard about the expired products and was very shocked
 

RasCanjero

It's all so tiresome
VIP
We need a deregulated economy because the biggest crooks are those working for the government in 3rd world countries...

From Bangladesh to Zambia... what do they have in common? Decade long regimes.

At least with businesses you vote with your wallet but those poor people can't vote their government out.

Deregulation is a democratic process because it shares power around.

In the most stable countries the executive branch has to share power with the judiciary, legislature and the civil society which mostly is made up of industry.

The individual voter will never have as much leverage as these large national institutions.

Ideologies that you guys are promoting leads to giving more power to tbe government and we all know that absolute power corrupts absolutely.
 
You need a free market economy to attract foreign direct investment. Unless Somalis have all the money to rebuild the country...

You either take huge debts and become a debt slave forever or let foreigners take a stake in recourses.
 

Yonis

Puntland Youth Organiser
FDK Visionary
VIP
We need a deregulated economy because the biggest crooks are those working for the government in 3rd world countries...

From Bangladesh to Zambia... what do they have in common? Decade long regimes.

At least with businesses you vote with your wallet but those poor people can't vote their government out.

Deregulation is a democratic process because it shares power around.

In the most stable countries the executive branch has to share power with the judiciary, legislature and the civil society which mostly is made up of industry.

The individual voter will never have as much leverage as these large national institutions.

Ideologies that you guys are promoting leads to giving more power to tbe government and we all know that absolute power corrupts absolutely.
So all that you got from that doc was more deregulation :deadosama:
 

Yahya

VIP
2020 GRANDMASTER
We need a deregulated economy because the biggest crooks are those working for the government in 3rd world countries...

From Bangladesh to Zambia... what do they have in common? Decade long regimes.

At least with businesses you vote with your wallet but those poor people can't vote their government out.

Deregulation is a democratic process because it shares power around.

In the most stable countries the executive branch has to share power with the judiciary, legislature and the civil society which mostly is made up of industry.

The individual voter will never have as much leverage as these large national institutions.

Ideologies that you guys are promoting leads to giving more power to tbe government and we all know that absolute power corrupts absolutely.
Yes but how do we find honest uni educated leaders for such positions? Those old heads back home are corrupt and funnel national resources for the qabil.
 

RasCanjero

It's all so tiresome
VIP
Yes but how do we find honest uni educated leaders for such positions? Those old heads back home are corrupt and funnel national resources for the qabil.
What positions?

So all that you got from that doc was more deregulation :deadosama:
Haven't watched it but isn't the government's total control over the resources the main issue here?
 

Yahya

VIP
2020 GRANDMASTER
What positions?



Haven't watched it but isn't the government's total control over the resources the main issue here?
From top to bottom. We need corruption completely removed for the next 2 decades. I guess this decade we've lost considering its not even possible to hold fair and open elections. Maybe the youth can control the next decade.
 

RasCanjero

It's all so tiresome
VIP
From top to bottom. We need corruption completely removed for the next 2 decades. I guess this decade we've lost considering its not even possible to hold fair and open elections. Maybe the youth can control the next decade.
What happens when you leave a kid in a room with a cookie?

They'll get tempted to eat it even if they know they shouldn't.

It's the same with all types of governments regardless of how educated it's people are.

Give them too much power and they'll 100% abuse it.

Giving some power to civil societies like businesses would balance out different interest and keep everyone on their toes.

This is how successful democracies were originally maintained in Europe & especially America which had powerful businesses before the current government was established. This is what made America so great.

Otherwise it would've split into a dozen countries by now.
 

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