Sri Lanka should sell state assets to Sri Lankans. They should be backed by hedge fund managers. Similar to Czech Republic. They did not sell to foreigners. After fall of communisim they made their citizens rich. Their per capita income is now similar to Germany. They made a wise choice.
Ukraine did sell their assets to citizens but these oligarhs fooled the people and took their assets for cheap rate. This should not happen. Privatising State assets gets rid of courruption and inefficient employees.
Sri Lanka should aim to make all Sri Lankans to be rich,instead of only elite ones. So shares should be sold to as many people as possible.
Selling state assets to Sri Lankans will keep inflation down, and it removes excess liqudity in the market due to money printing. It removes unecesssary import into the country.
Ukraine did sell their assets to citizens but these oligarhs fooled the people and took their assets for cheap rate. This should not happen. Privatising State assets gets rid of courruption and inefficient employees.
Sri Lanka should aim to make all Sri Lankans to be rich,instead of only elite ones. So shares should be sold to as many people as possible.
Selling state assets to Sri Lankans will keep inflation down, and it removes excess liqudity in the market due to money printing. It removes unecesssary import into the country.
