Fearing that increase in prices of basic commodities may lead to protests in Cameroon as is the case in North Africa, Paul Biya has signed a decree creating a fake commission charged with "procurement and distribution of basic commodities within the local markets and at the best available price," CRTV reports. Biya does not trust the market to work on its own on this important matter of buying and selling foodstuff to people, so he has to set up a government business to do this. It will be remarkable to see if people believe that this cheap political stunt will amount to anything. Instead of opening up the business climate so that entrepreneurs may engage in the activity of buying and selling foodstuff, Biya is instituting a thinly disguised communist regime in Cameroon.
1 comment:
This is one of the problems that much of Africa faces. In order to be considered a stable government the country must also have a semi-stable economy. Setting up a false government program is only hiding the true state of the economy. A strong economy is the missing piece that many developing African countries need to find in order to gain full legitimacy. aa
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