I don’t know which economic philosophy is a silver bullet, nor do I have the authority to fault any one of the varied isms as the problem, but what is definitely not the solution is cronyism, and the greed thereof.
Cronyism is
like a parasitic plant, not the 'yirifaa sooto’ that only leans on its host for
physical support and not necessarily affecting it negatively, but the type of
plant that subsists on and sucks the life out of its host.
So the more it takes, the more it weakens the vigour of the host, costing planters their yield, or sometimes totally abandoning their harvest, because they’re sick of it. In the same way, with cronyism as its pest, no ism or system of wealth creation and distribution is out of fraud's way.
For instance:
If cronyism
latches onto capitalism, the only parties it serves are business leaders and
public officials, like the Gambia’s once-remarkable Economic Recovery Program
(ERP) soon created a mafia circle, along with new and interesting ways of
making profits at the expense of public interest.
Likewise, if
it were socialism to subsume cronyism, the limits of state power is soon
transgressed by those it’s conferred on: the powerful few, tipping the scale of
prosperity in their favour. And, before the masses realise that theirs was just
an illusion of power, exploitation would’ve taken a heavy toll already.
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