... je pense que vers 2008 nous pouvons réaliser un taux de croissance de 7/8%.
Rama Sithanen, 2005
54. In this context, some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world. This opinion, which has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system. Meanwhile, the excluded are still waiting.
No Miracle in Sight
Half of the fourth year of the Lepep government is almost gone and still no trace of the exceptional economic performance SAJ had promised for 2018. Only growth rates of less than 4% so far and the next two years are not likely to be any different. These are the lowest in decades.
We also know we're not in the middle of an economic miracle when we check what happened to our currency – a huge wealth-lever – since December 2014. Plus there have been talks of postponing the age citizens are eligible for the basic retirement pension (BRP) by five whole years. That's not the kind of stuff you'd expect if things were going well. So why hasn't Lepep been able to produce a reasonable performance let alone a great one? Essentially because it didn't fix a broken economy and got so many policy decisions wrong.
