Tuesday, November 20, 2018

Not a Lot of Business Done

Since the moronic World Bank's Doing Business rankings were put on a pedestal by a couple of bean-counters and our taxation structure flattened starting in 2006. See the promised 8% growth over the last 13 years should have produced a little over six trillion rupees of national output. But as chart 1 shows Mauritius generated only about four and half trillion rupees of GDP. The difference – the Sithanen toohrooh – should cross the trillion-and-a-half-rupee mark by the time you play a famous U2 song a couple of minutes after 23h58 on the last day of 2018. Breaking down this shortfall yields important political insights.