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Series of steps
Economist George Kazam writes
Does the transition from a poor socialist economy to a rich, free capitalist economy require an economic miracle and extraordinary efforts?
The answer is no
The transition to a free social market economy (capitalism) requires only the application of laissez-faire principles.
That is, as I have often said, to provide absolute security for the flow of goods and capital in Syrian pounds and dollars without the destructive interference caused by the Central Bank and the Economic Committee through restrictions on movement.
and Automatically, without any government effort, markets and national economies will inevitably transform themselves into free social market economies, such as the economies of the Gulf countries and Europe.
Human nature, the desire and motivation to work in the market for profit and prosperity is suitable for a free social market economy (capitalism) and is completely incompatible with a socialist economy and restrictions on the movement of money and goods. The actions of central banks have destroyed national economies.
One of the most beautiful and wise things I have ever read in an economics book:
. Laissez-faire, laissez-faire
One of the worst, most ridiculous things I’ve ever read in an economics book:
. Everyone does their best and distributes according to needs
Kozam also called for facilitating investors’ trading with the U.S. dollar in his post, writing:
If foreign investors build factories abroad and extract profits in the form of US dollars, will this cause the US dollar exchange rate to rise?
The answer will not lead to an increase in the US dollar exchange rate
Because the factory’s increased production to meet internal and external demand means:
__ Decrease in imports
__ Increase export volume
__ Employment of unemployed persons
__ Increased consumption and demand for national products, while creating new income for the unemployed
If we assume that the foreign investor is willing to pay $100,000 in U.S. dollars for the profit
The national economy achieved profits and increased production by about $200,000
That is, no matter how much dollar profits foreign investors repatriate, trade and financial balances are always in the interest of the national economy.
Let investors come, let investors go
Let investors sell US dollars and let investors buy US dollars.
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