The New Nation - Internet Edition

For developed and industrialised countries free market economy is a means to riches, affluence and prosperity. Their mastery over science, technology and industry enabled them to produce plethora of agricultural crops, higher standard of varieties of goods and commodities, equipment and machineries, arms and ammunition, war-planes, motor vehicles, warships, submarines, atom bombs and what not.

They export all these items minus atom bomb of billions and billions of dollars to meet the requirements of innumerable underdeveloped and backward countries under free market economy. The more they export the more they earn.

But are we not 100-300 years behind the developed and industrialised countries?

Can we compare our per capita income with those of UA, UK, Japan, Switzerland, Denmark, Germany, France, etc?

Due to price hike of our essential goods and commodities, many cogent reasons and untold sufferings of our people, we suggest as follows a balanced, fifthy-fifty free market economy for our country.

1. We may import rice, wheat, sugar, soyabean oil, lentil, powdered milk etc. in public sector through trading Corporation of Bangladesh (TCB) for sale on no loss and no profit basis to the domestic traders and shopkeepers for re-sale in the market to the members of the public at a rate to be fixed by the government may check and supervise the market and bring the dishonest traders, shopkeepers to book and thus mitigate the sufferings of the people.

2. Free market economy may continue in our all domestic products, goods and commodities, agricultural crops, vegetables, fish, mutton, beef, eggs, chickens etc., etc.

3. Trade and commerce, import and export of all items except mentioned above and other items restricted by the Govt may continue in private sector under free market economy.

4. Our Ministry of Commerce, Ministry of Finance and Bangladesh Chamber of Commerce and Industry may sit together and work out modalities for 'fifty-fifty' free market economy for our people and country.

O.H. Kabir

Dhaka