Crony capitalist Rajapaksa regime, the biggest under performer aims to take over under performing businesses
The move is clearly against the neo-liberal capitalist principles promoted by the World Bank, International Monetary Fund and the World Trade Organization etc in the past period. They wanted the privater sector become the engine of the economy. What they meant by economic freedom was private sector been granted equality with the public enterprises. They prefer 'more equality' too.
Mahinda Rajapaksa government dreams to be a big privileged corporation with state powers. They are given tax money of people as investment and also tax exemptions etc. to compete with the private sector. Performances are irrespective. Losses are born by state and passed on to people. A new class of cronies of the government hold the management positions of these companies and at the same time or separately engage in contracts with these companies.
Some still call these moves peoplising attempts but this is sheer crony capitalism.
Read the full article in W3Lanka English
මේ ලිපියට ඔබ කැමති නම් වෙන අයත් එක්කත් බෙදා ගන්න
Mahinda Rajapaksa government dreams to be a big privileged corporation with state powers. They are given tax money of people as investment and also tax exemptions etc. to compete with the private sector. Performances are irrespective. Losses are born by state and passed on to people. A new class of cronies of the government hold the management positions of these companies and at the same time or separately engage in contracts with these companies.
Some still call these moves peoplising attempts but this is sheer crony capitalism.
Read the full article in W3Lanka English
මේ ලිපියට ඔබ කැමති නම් වෙන අයත් එක්කත් බෙදා ගන්න
This is nothing but wasting public money.
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