Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Sunday, 19 December 2021
Turkey: Soaring Inflation Puts Erdogan under Pressure | DW News
Dec 16, 2021 • Turkey's lira crashed 7% in just a few minutes to a record of nearly 15 lira to the dollar. At the same time, inflation is soaring. Under pressure from President Recep Tayyip Erdogan, the central bank is expected to cut its policy rate later this week.
