- March 2022 (1)
- January 2022 (1)
- November 2021 (1)
- October 2021 (1)
- September 2021 (2)
- August 2021 (4)
- July 2021 (3)
- June 2021 (4)
- May 2021 (5)
- April 2021 (2)
- March 2021 (5)
- February 2021 (4)
From Emrullah Efendi to Boris Johnson
The Brexit process started like a tragedy and with Boris Johnson as the British Prime Minister, it has turned into a comedy. I have to confess that it is getting funnier everday to watch the things happening in Great Britain. At the same time, the job of explaining to my foreign friends what is happening in Turkey is getting easier and easier.
When I first heard the idea of sending the British parliament to recess, just to clear the ground for a no-deal Brexit, I recalled the late Emrullah Efendi, a 1910 education minister of the Ottoman Empire, who used to say that he could have managed his ministry better if there were no schools at all. Just the same way, Boris Johnson will surely have an easier time managing British democracy without its pesky parliament.
Polly Toynbee in last week’s The Guardian criticized the idea of parliamentary recess for Brexit’s sake. She quoted former head of civil service Lord Kerslake as saying “We are reaching the point where the civil service must consider putting its stewardship of the country ahead of service to the government of the day.”
This sounds like something you might hear in the 1980s satirical TV show “Yes Minister.” I recall a particularly telling chat between Sir Humphrey Appleby, the permanent secretary, and Bernard, the private secretary:
Sir Humphrey: Bernard, Ministers should never know more than they need to know. Then they can't tell anyone. Like secret agents; they could be captured and tortured.
Bernard: [shocked] You mean by terrorists?
Sir Humphrey: [seriously] By the BBC, Bernard.
Yet Emrullah Efendi later noted that he was joking, surprisingly Boris Johnson is not. And Sir Humphrey was a fictional character, a joke. Sir Thomas Kerslake is not.
Disregard for institutions is all encompassing. It is not only in politics and public administration but also in economic policy, not just in developed countries but in developing ones, too. It was after all, President Trump who tweeted “Who is our bigger enemy, Fed’s Powell or President Xi of China?”
Prime minister Modi of India changed governors of the Reserve Bank of India (RBI), frequently. Raghuram Rajan left quietly. Then came Urjit Patel, seen as yes-man to Modi, for lowering interest rates. Both Rajan and Patel are distinguished economists. Then when Patel refused Modi, he left his place to a man holding a history degree, Mr. Shaktikanta Das. Interest rate cuts increased their pace after Vice Governor Viral Acharya, another economist, left his office. Economists are bad for economic policy making in this new world, I presume.
Ankara of course, is a world leader in cutting-edge trends such as placing non-economists in positions of economic policymaking. Still, I see great potential in our friends around the globe.
Does that mean that there is no problem? In these turbulent times, it is wise to keep late Rudi Dornbusch’s dictum regarding economic dynamics always in mind: “In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.”