Sunday, January 22, 2017
The World’s Most – And Least – Miserable Countries in 2016, Islamist Turkey ranks Eight most miserable.
The World’s Most – And Least – Miserable Countries in 2016, Islamist Turkey ranks 8 most miserable. (CATO).
Turkey faces a despotic leader in Islamist Erdogan, who devotes all of his resources to staying in power rather than governing the state, leading to a strongly depreciating currency and a populous mired in fear.
The Turkish lira has lost over 24 percent of its value against the dollar in the last year, and the economy is in the process of spontaneously dollarizing.
Not surprisingly, Turkey is a member of the Fragile Five, which also include Brazil, India, Indonesia, and South Africa.
The reasons for Iran’s rank on this list are almost too obvious and plentiful to enumerate, but it’s safe to say that a combination of corruption, incompetence, theocratic-authoritarian rule, and more have led to its state of misery. Hmmm..........How do you say 'Les Miserables' in Turkish? Read the full story here.