Financial Independence and Education as Determining Factors
In a thought-provoking analysis, Professor Elvan Aktas, a distinguished figure in the field of Economics and Finance, has shed light on the divergent responses of societies to economic crises. By examining the current economic landscape in Turkey, Professor Aktas has raised crucial questions about the decision-making capabilities of certain governments and their propensity for management errors. These inquiries have led to a deeper understanding of the role played by financial independence, education, and cultural exposure in shaping a society’s reaction to economic challenges.
“Renowned Economics and Finance professor Elvan Aktas made important assessments about the economic crisis in Turkey from his Twitter account.”
‘In regimes like Turkey, the goal is not macroeconomic stability, integration with the world, and the welfare-enrichment of society; rather, it is to enrich the minority close to the ruling groups, narrow the middle class, and make the majority dependent on the state, thus governing the country through tension and oppression.’ Professor Aktas said.
‘If you look at the recent economic developments in Turkey and think, “Can they really be this foolish? Why are they making these terrible management mistakes?” etc., then consider this: Wealthy, prosperous, integrated, high purchasing power, and financially independent societies do not accept being suppressed. They don’t believe in regime absurdities and want to experience the examples of freedom and prosperity they see in the world.’
‘On the other hand, a society that is constantly subjected to regime threats, hunger, and tension… As they unintentionally reveal:
‘Educated, prosperous, literate, traveling, valuing cultural activities, experiencing the world, financially independent individuals cannot reach a certain proportion! They cannot afford to take such risks!’
‘They prefer policies that benefit selected sectors and chosen groups…’
Professor Elvan Aktas argues that wealthy, prosperous, and financially independent societies exhibit a remarkable resilience to economic downturns. Such societies, with their high purchasing power and integration into the global economy, refuse to succumb to oppressive measures. Instead, they aspire to live the examples of freedom and prosperity they witness worldwide. Education and a strong emphasis on cultural activities and travel contribute significantly to their resistance, fostering a mindset that values critical thinking and rejects the absurdities propagated by governing regimes.
Conversely, societies that constantly face threats from their own governments like Turkey, coupled with the specters of hunger and tension, present a contrasting picture. Professor Aktas notes that such societies, deprived of financial independence and adequate education, often find themselves vulnerable and easily influenced. They are more likely to believe in the fallacies peddled by regimes and endure policies that primarily benefit select sectors or privileged groups.
The analysis by Professor Elvan Aktas suggests that a critical determinant of societal responses to economic crises lies in the degree of financial independence and access to education. Educated, prosperous, and globally engaged individuals, who cherish cultural pursuits and possess financial autonomy, are less likely to be swayed by the manipulations of governing authorities. Their refusal to accept suppression, as well as their inclination to demand freedom and prosperity, reinforces the notion that they are drivers of positive change.
As Professor Aktas’ insights reverberate, it becomes evident that societies need to foster a culture of education, independence, and critical thinking to mitigate the detrimental impacts of economic crises. Governments should prioritize policies that empower individuals, rather than favoring select sectors or privileged groups. By embracing these principles, societies can aspire to create a more resilient and prosperous future, where the well-being and freedom of all citizens are upheld.
In conclusion, Professor Elvan Aktas’ astute observations on the contrasting reactions of societies to economic crises underscore the importance of financial independence and education. The analysis serves as a reminder that empowered, educated individuals are more likely to resist oppression and demand a better future. As policymakers and societies at large grapple with economic challenges, the lessons learned from these insights can pave the way for a more equitable and prosperous world.