The illusion in the economy is over

The citizens Claiming that he could not even meet his basic needs, economist Prof. Dr. Burak Arzova said: “Suddenly we became impoverished. Our great companies have become useless. Nothing promised happened. Now everything that is not is sold to us as if it had happened. This is the illusion, ”he said. Referring to the theory of the American psychologist Abraham Maslow, who argues that people take action for higher needs as they are able to satisfy their basic needs, Arzova said: “We fell to the lowest level in Maslow’s hierarchy of needs. We cannot climb this step where there is a need for housing, food and security, ”he said. Arzova said: “By moving into this strange structure called Model Turkey, all existing negativities were denied and a magnificent future promised. As a result, we find ourselves with very high inflation, rising at a rate that can only be seen in a war situation,” he said. Arzova defines the policies implemented in Turkey with the name of “Illusion Economy”, as he titled his last book…

■ The differences between what we are told and what we experience are enormous. However, how can this ‘illusion’ be maintained?

In reality, the illusion does not last. How do you convince people who have fallen below their income level compared to a year ago and will not be able to live in the same neighborhood with their current income if the house they live in is rented? The wage gaps between sectors have grown incredibly. Teachers’ salaries are at the poverty line announced by Türk-İş. If you were able to insure your car at the prices you could buy a car 5-6 years ago, what illusion can prevent it?

Employee participation decreased, the capital sector grew

■ The importance of safe hosting is at the top of our agenda with very painful experiences. What is your general comment for the real estate market?

Here, too, an illusion has been created. We find speeches as if the permanent houses needed after the earthquake were built in a year. In the best case, we are talking about a period of 15-20 years. We are at the base of Maslow’s hierarchy of needs. We cannot climb this step where there are needs for housing, nutrition and security. The country is growing, but no one can feel the growth. Because the growth of the country was against the employees. The share of wage earners in growth decreased. The capital grew.

Let the interest rates go down, no loan can be found

■ In this illusion, official data is also questioned…

Numbers and experiences show us the truth. For example, it was said that the current account deficit will decrease, but we are breaking all-time records in the current account deficit month by month. TurkStat used to announce monthly price increases for each item, at that time there were about 409 items. Those pens are no longer visible. Removed for harmonization reason. It is no longer transparent. Now we are given a single figure, and it is said to be so. As a people, we cannot see these prices in the bazaar, in the market, or anywhere we go. Although it was said that the interest on the loans would decrease, the loans could not be found, let alone the decrease in interest rates.

This ‘pattern’ didn’t work, it should be accepted

■ Economic management focused on limiting the demand for foreign currency with a series of measures taken after the earthquake. What kind of situation are we facing in this regard?

The only fear from the beginning is the rise of the dollar. I think it is thought that money does not go to dollars, but where it goes. Because it is well known that the rise in the dollar is an indicator of economic failure that is engraved in everyone’s genes. It is known that the rise in the exchange rate will cause a new wave of inflation. Since there is no monetary policy, we are trying to save the day with micro measures so that the exchange rate does not go up. The Turkish economic model did not work. This has to be accepted. However, it is clear that this economic structure will be maintained until the elections.