August 14, 2018

CAN'T HAVE A CLASH OF CIVILIZATIONS WHEN THERE IS ONLY ONE:

Turkey's Lira Crisis Tests Erdogan's Authoritarian Approach (Carlotta Gall, Aug. 13, 2018, NY Times)


Turkey's economic troubles, analysts say, are largely of Mr. Erdogan's own making. They have less to do with his dispute with the United States and the prospect of greater sanctions than with Mr. Erdogan's deepening economic interference as he attempts to bend the logic of monetary policy and global financial markets to suit his political purposes.

Yet while Mr. Erdogan asserts greater control over life in Turkey -- including the media, the judiciary, foreign policy and political decision-making -- it is far less clear that he can bully an economy increasingly beholden to global markets to submit to his will, they say.

Business leaders warn that the many strands of the president's authoritarian approach are intertwined, and that Turkey will not climb out of its hole until the country enacts major structural reforms that would undo many of Mr. Erdogan's constraints.

Those would include allowing a free press, an independent judiciary and returning powers to Parliament. Another step, the release of political prisoners, would help repair relations with Europe.



Posted by at August 14, 2018 3:57 AM

  

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