Please, not that same old yarn

Ruling Socialist party officials must think seriously before deciding which sectors of the country’s troubled industry the government will support. The lessons learned in recent years, when the government threw money into certain textile businesses, shows that such decisions can be costly and counterproductive. The government may have legitimate reasons to preserve a number of jobs, but this cannot possibly be achieved in a slapdash manner and at such an exorbitant price. It would be a huge mistake if the Socialist administration were to expand this erroneous practice across the textile industry or into other sectors. The state can lend a hand to the economy by providing incentives and specific programs, but this kind of help should only be extended to sectors that are sustainable and that have a viable future. If the government decides to return to the obsolete models of fiscal administration that were applied in previous decades, the state will only end up throwing public money into a black hole.

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