In our part of the world we rely on foreign advice to help us manage things. In many instances* we do not have the confidence or experience to decide for ourselves. In the past there were many fans of full governmental control over all aspects of life* including the economy. Governments were involved in economic investments directly. Some of us went very far by promoting an extreme form of the common role* and we failed.Later* experts* foreign ones of course* told us that this was WRONG. The time had come for a free market and for the private sector to take on a more serious role. The handful of factories that were established by the government should be sold. The government should not take part in investments anymore* but rather encourage and facilitate them. And so we did. We decided to sell every institution owned by the government. After which* we did not know what role the government would be* such as in the field of agriculture.Now* as the world is witnessing the current economic downturn* many large companies are failing. The crisis is affecting once respected companies that used to be examples of capitalism?s success such as Citibank* General Motors and Ford.Governments are taking reverse action* buying into these big institutions and trying to help them in an attempt to rescue their economies. The cost to society is huge. Governments* and in turn societies* will have to pay the huge bill.Are we going to reverse governmental action in this part of the world or not? Did we give up on pure capitalism or not? Should we give government a larger role or not? These questions are discussed in the developed world* but not here. They are discussed because the well-being of the society is the priority. In our part of the world* how can contractors and officials work against their own benefit? In other words* our public officials* who are also investors* will never think about the public role? how can they?...

المزيد...