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, 8 May 2022
Turkey Now Has World's 6th Highest Inflation Rate | DW News
May 6, 2022 • Prices in the country rose by almost 70 percent in April, according to new official statistics. The new figure gives Turkey the dubious honor of having the sixth highest inflation rate in the world. It comes as President Recep Tayyip Erdogan continues to insist interest rates be cut to stem inflation, the opposite of what conventional economists recommend. The rising prices are putting further pressure on Turks, who are struggling to make ends meet. We asked some people on the streets of Istanbul how inflation is impacting their lives.
