Erdoğan has been in power in the last 19 years and you can not judge his performance by the foreign currency rate fluctuations and ensuing spike in the inflation rate that only happened in the last one months time.
It's not just an issue of the last months. Since 2017 Turkey's inflation rate is above 10%. This year it's probably above 50%(certainly above 40%). Only God knows what it will be next year.
I don't care about foreign currency. What I do care is the purchasing power. And that is, unfortunately, directly linked to foreign currencies. Why? Because everything we consume has large portion imported elements in it. Everything. It spans from agriculture to every kind of industrial product. It runs on import. What you export also has import in it. It needs raw material, energy, subsystems from abroad. So I CAN judge his performance by foreign currency rate. Because the real metric of my economy is dollar.
..to emerge as a production powerhouse of a nation.
How are you planning to do that? By selling more carpets and furniture? More steel? More t-shirts? BIG SUCCESS.
Understand this. There's no prosperity unless we can output high-technology products. We can't flourish by selling low-value items. And we can do that by two ways. In the short term, it's by attracting direct investment of top companies around the world. In the long run, it's
EDUCATION. You can't circumvent this fact by cheap monetary policies. You need educated, talented, top-notch people to develop and manufacture high value-added products. How are you gonna achieve that if you have a terrible, non-existent education. And to make matter worse, those people have less than $800 salary now. How are you gonna keep those people in the country when they could earn ten times as much abroad? Have you ever thought about that? (Currently high-tech export makes out only 2.5% of our total export. And it's falling, not rising.)
Question: Which side are you supporting, Turkey or the western mafia?
Do not reduce yourself to ignorant layman of our cities who is spending all of their days in coffee houses by posing nonsensical questions like these. You're more than that. The states you call western mafia are the ones who are buying our products and paying the most money. Good luck selling them to Russia or China. I didn't support the ruling party when they employed terrorist Gulenists in the government and I'm sure as hell not supporting their stupid ideas about the economy now.
D
