Prices Are Driven by Market Forces and Not Military Force
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When the Minister of Labor Chris Ngige threatened to revoke licenses of banks firing workers, it reminded me of this video clip when #Buhari had just entered power around 1984.
In the video clip, military soldiers are seen in the market coercing traders to drop their prices. Its was a forced price control strategy.
The traders at the end of the clip are heard telling the interviewer that prices are driven by market force and not military force.
That was 32 years ago but in 2016 we have a democratically elected government that still does not get this basic Economic Theory. They are still trying to influence the Economy not with tact or intellect but with sheer force.
“History repeats itself until we learn the lessons that we need to change our path”
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