I agree it distorts the market. The theory is sound, and also known. The PM and the FMs definitely know.
In practical terms though, when enforcement and justice dispersal is weak, the best business model is theft.
The point raised, doesn't address/account for the trust deficits, weak enforcement abilities, and uneven power structures which already distort market forces.
On top of that though, you do have social structure and ideologies that are hesitant to embrace full fledged market ideologies.
the politics ofmthe country can currently accept only incremental change.
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All in all, the lesson you mention has been learnt, you are watching its implementation. Being carried out, at a rate which doesn't tear a country apart, while members of government actively oppose them.
I agree it distorts the market. The theory is sound, and also known. The PM and the FMs definitely know.
In practical terms though, when enforcement and justice dispersal is weak, the best business model is theft.
The point raised, doesn't address/account for the trust deficits, weak enforcement abilities, and uneven power structures which already distort market forces.
On top of that though, you do have social structure and ideologies that are hesitant to embrace full fledged market ideologies.
the politics ofmthe country can currently accept only incremental change.
-------
All in all, the lesson you mention has been learnt, you are watching its implementation. Being carried out, at a rate which doesn't tear a country apart, while members of government actively oppose them.