Tiger @50

Did that super fast today. So basically we defused the demographic bomb, diversified our economy and became a Republic. We did a terrific job planning and implementing things at least between 1968-82. We should be thankful to our excellent constitution and FPTP system which have provided the stability necessary to have a fair chance of being a lot more than a country without a future.

Things have deteriorated significantly as from 2005 when a flat tax was introduced using three lies. This has caused everything to slow down and attracted the wrong FDI and people. Poverty and inequality have increased tremendously. The other big risk we're facing now is that there are attempts to turn our Republic into an autocracy with undemocratic devices such as a second republic, party lists and double candidacies.

Let's take our beautiful country back!

P.S. Click on the pic to see it better. Consider it as work in progress. And please note that the 30% for sugar in 1968 is an estimate.

Simple Tools To Evaluate Political Projects (2)

In this post we look at the size of the cake which is the one of the two parts of the political project as we defined it in the first post in this series. We can have an idea of the economic cake that a government will generate if we analyse what politicians say, have in their electoral manifesto and have said and done before. We can also look at 5-year periods as it is the frequency at which the very interesting household budget survey (HBS) is carried out. This is done in the following chart.

The 8.5% led to the first 60-0. It's an interesting period where one cyclone wiped out two years of progress. Don't think voters were able to separate this from the skill level of the government they had at the time. The years 1982 to 1992 were free of major natural calamities, benefited from the great work done in earlier periods and happened in a very favourable international environment. That gave us the two biggest cakes of the thirty-five-year period.

The cake contracted by about 10 percentage points over the following ten years -- during which the second 60-0 happened -- and another 5 percentage points between 2002-07. The consolidation of our textile industry occurred in the latter period. Finally the last period is the first 5 years of the Sithanen flat tax. Pretty small numbers given the 8% growth that was promised to trickle down. 8% growth over five years is a cake that increases by 46.9%. This has contributed to a GDP gap of Rs269bn by the end of 2012. A cake smaller than expected of course translates into governments that get less done and increases the odds of getting booted out of power.

The First 49

Fourteen years of brilliance. Followed by twenty-three of bat-bate. And twelve of crap.

How Long Things Take

1. Presentation of Financial Secretary to one MPC meeting -- about three quarters of an hour
2. Presentation of one UK budget by Gordon Brown -- about forty-five minutes
3. Implementation of free education in Mauritius -- literally overnight
4. Creation of the world -- 7 days
5. Kurukshetra War -- 18 days
6. Creation of the American middle-class -- 7 years
7. 2005 economic reform in Mauritius -- 8-year poop and still waiting for Godot
8. Deactivation of Mauritian demographic bomb -- 10 years
9. Malawi following famine-creating policies courtesy of the World Bank -- 2 decades