Sunday, May 17, 2009

Did We Need One in the First Place?

An additional stimulus package that is. I don't think so when you realise that our two largest banks have cashed in record profits in 2008: Rs3.7 billion and Rs2.1 billion for MCB and SBM respectively. That's an increase of 53% and 41% over the preceding year and twice their 2005 levels. I've already addressed why our banking industry has been spared (read this). So there's no trouble here unlike what has been going on in the United States and in the UK.

What we need instead is a government that solves problems. And that's the most important yardstick to measure the performance of any country. For instance previous governments did defuse the demographic bomb, implement free education and create the middle class. We need these kind of governments and not governments that have substituted brilliant work with dumb MBC reports.


Anonymous said...

previous governments did defuse the demographic bomb, implement free education, truve zanfan bolom la sa!
Hey if it was the perfect gov why was it given the boot? What I can agree upon it was the least mediocre government. Delete that one too!

Sanjay Jagatsingh said...

A note to our participants. While it is perfectly ok to leave anonymous comments we would ask that you sign your posts with a pen name. That will enable an easier interaction instead of us ending up with far too many anonymous.

Sanjay Jagatsingh said...

I don't think 'gouvernman bolom la' was perfect. What I say is let's find out, for instance, about external factors which I am sure also exist when Berenger and Sithanen are not in power. Here's a few thoughts about this