Thursday, July 8, 2021

Latest IMF Staff Report is Another Big Time-waster


I’m definitely not spending more than a few minutes  on a report (it’s not the only one) that says right off the bat that our economic performance was solid before the pandemic appeared. In 2020 COVID-19 caused a damage of about 100 billion rupees to the Mauritian economy while the GDP shortfall of the 15% flat tax (a Bretton Woods best practice implemented by one of the boys) between 2006 and end of last year was over Rs2.1 trillion. That’s more than 21 times the economic loss from the pandemic.

It’s no surprise then than the IMF/WB have created famine and failed to predict huge uprisings. How much is that litre of oil again now?

Wednesday, July 7, 2021

Two Ways Mauritius Can Help With the Israeli-Palestinian Conflict

The first one is to share how as a multi-religious multi-ethnic population we've been coexisting peacefully for decades since we became independent.

The second way is to showcase our experience with the FPTP (First Past The Post) system, the best electoral system in the world. Our friends in Israel will no doubt be interested to find out that in Mauritius there have been only five general elections since 1996 while they’ve had eleven whereas since 2014 they’ve had five compared to only two here. Plus they had so much trouble forming a government with their PR (proportional representation) system after the 2019 elections that Israel had to go vote again in another three general elections during the past two years, narrowly escaping a fifth a few weeks ago. 

Adoption of a FPTP system like ours will free them from the nightmare of perpetual political instability that leaves the Middle East country with either a caretaker government or one which is not stable enough for way too long. Once they do this they will be a lot more serene to sit down around a table with the Palestinians to hatch a long-lasting deal acceptable to both parties.