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
Monday, 3 January 2022
Lira Loses 5% of Value in a Single Day amid Erdoğan's 'Economic War of Independence' | DW News
Jan 3, 2022 • Turkey’s annual inflation rate jumped to more than 36% in December. That's the highest level in almost two decades. The value of the Turkish lira has slumped to record lows, forcing retailers to hike prices sharply. The currency has suffered as a result of a series of central bank rate cuts, forced through by President Recep Tayyip Erdoğan'.
