Criticism of Economic Policy from NEW Party Deputy Özgür Karabat

Serdar HocamAuthor & Editor

Özgür Karabat stated that the real sector has lost its appeal and the system of making money from money has been prioritized.

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Karabat’tan ekonomi eleştirisi: ‘Üretim yerine paradan para kazanmak merkeze konuldu’

NEW Party Istanbul Deputy Özgür Karabat criticized the government's economic policies, stating that real sector investments in Turkey have lost their appeal compared to financial instruments.

Real Sector Investments and Financial Instruments

NEW Party Istanbul Deputy and member of the Turkish Grand National Assembly (TBMM) Plan and Budget Committee, Özgür Karabat, shared his criticisms regarding current economic policies on his social media account. The statement emphasized that real sector investments in Turkey have suffered a serious loss of appeal compared to financial instruments.

Resource Proposal for the Automotive Sector

Deputy Karabat stated that with the available resources of 500 billion liras, 10 automobile factories with a total production capacity of 1.5 million vehicles per year could be established. It was calculated that these investments could also provide new employment areas for approximately 50,000 people.

Solar Energy Investment Potential

It was stated that with the same financial resource, approximately 20 solar energy technology investments, reaching an annual production capacity of 40 gigawatts, could be implemented. Attention was drawn to the importance of such strategic steps in terms of energy independence.

Systemic Preferences and Financial Orientation

It was argued that companies turning towards high-yield financial instruments instead of establishing new factories and increasing capacity is a direct result of the current economic order. This situation was noted to undermine the production-oriented growth model.

Change in Reward and Punishment System

Making evaluations through carry trade, interest incomes, price movements in funds, and elements of the informal economy, Karabat expressed that the reward and punishment mechanism in the economy has been reversed.