Tuesday, 16 December 2014

My bad habit


One illusion on which we are constantly being fed by some people is that the solution to our economic problems is foreign investment. This is a myth. Foreign investment can only make a marginal difference. The real solution is to develop our indigenous economy.
 Moreover, foreign businessmen are not fools. They will invest if they are likely to have profits, not for charity. And why should they invest in a country where the infrastructure is terrible in large parts of the country ( poor roads, shortage of water, electricity, etc ), where corruption is deep and widespread, and where laws and regulations stifle business ?
 But people like dreams, and I have this nasty habit of waking up people having sweet dreams. So sad