The president published as an explanation how the free market works, but also about the fact that cartels are operating in this supply and demand system to evade taxes, bribe and smuggle.
President Nayib Bukele defended his decisions on economic issues this Sunday and showed that he will not give in to questions for having sentenced importers, wholesalers, distributors and food marketers to lower food prices or will have problems.
On Friday night, on the national network,Bukele sentenced importers, wholesalers, distributors and food marketers to lower pricesor could be punished for price increases, and prosecuted for tax evasion.
This has generated some questioning on social media whether it is the right policy or not. So Bukele comes out in defense and warned that just as he was questioned by the “war on the gangs” and “not wrong,” so he will continue to implement his own recipes.
When we started the war on gangs, we received many attacks and condemnations from the ‘international community’, saying that this was not the way and condemning our methods, because they did not fit their ideologies and pre-established concepts of what should work in a country they do not know.
Nayib Bukele,
President of the Republic, on his X account.
We didn’t listen to them, and we made the world’s most insecure country the safest country in the entire Western hemisphere. Now that, to heal our economy and get out of poverty, we have decided to go against oligopolistic cartels and mafias, attacks and condemnations resurface… It would be very foolish of us not to try our own recipe again, which responds to our own reality, he emphasized.
Bukele says that what was achieved with the gangs is a miracle that no one would have imagined possible. First God, we’ll make it again.
Bukele’s recipe
On Saturday, July 6, the president published as an explanation how the free market works, but also on the fact that in this supply and demand systemThey’re operating cartels to evade taxes, bribe and smuggle.
The free market is a system in which the prices of goods and services are regulated by supply and demand, and competition drives quality improvement and price reduction. But activities such as cartel formation, tax evasion, bribery and smuggling are crimes that must be punished, as they distort the functioning of the market, he published.
And again he sentenced all importers, wholesalers, distributors and marketers on Saturday: Lower food prices or there will be problems.
This article has been translated after first appearing in Diario El Mundo