Economics and Politics

It’s time that the entrepreneurs stop always blaming politics for everything that doesn’t work. Accusing politicians at one moment of being weak and then of wanting to be a substitute for the industrial class. And I’m referring in particular to a recent speech by Luca Cordero di Montezemolo, President of the Confindustria.
In recent years we have seen the emergence of too many clever clogs of the neighbourhood. The entrepreneurs who have picked up the public companies that have been privatized have dedicated themselves more to doing finance than to doing industry. We have seen too many finance plans and not enough industry plans.
Too many of them have picked up important public assets, strategic for the development of the country and they have created massive financial speculations, giving enormous returns, often to the detriment of the consumer or at least with no advantage to the latter nor to the general interest.
I believe that the time has come for even the Confindustria to open up a phase of serene self criticism, instead of continuing to give lessons around the place.
Politics does not want to and should not act as an entrepreneur. But it has the duty to regulate certain sectors that are really important for our economy, even remedying errors made at the time of the privatizations and putting the interests of tax payers and consumers above all else.
Posted by Antonio Di Pietro in
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