Prime Minister Robert Abela has solved the food price inflation problem like he solves any other problem, that is by throwing money at it. A new scheme has been announced whereby food importers and distributors will be subsidised to reduce the prices of some of their imported products. Robert Abela has been issuing subsidies for every major economic and price problem, including subsidising, wheat, bread, electricity, fuel, and even payrolls during the Covid pandemic. The national debt has grown by more than 100% under his premiership.
Immediate subsidies to help consumers and businesses are undoubtedly helpful, but they come at an even greater cost in the future if they are not paired with strategic and economic reforms. The Labour government doesn’t understand how to go about the latter so its economic policy is exclusively based on the former: paying off every single problem with debt. The Prime Minister deceivingly accuses his critics of wanting people to experience higher prices as he simultaneously depicts himself as a benevolent dictator. No one wants to get hurt, but the reality is that the economic growth in our country is being mostly covered and caused by a new mountain of debt that is indirectly being financed by further debt given that without it, the government’s current account would not be liquid enough to meet all the government’s obligations. In some way, we have to thank Italy for being on the brink of financial disaster as their government is ultimately backstopped by the ECB, hence, leaving the ECB in a situation where it can’t announce proper quantitative tightening. If QT was to be announced, the government would have much less flexibility in raising debt and our government is not preparing for this risk.
Critics of Labour’s feudal economic policies don’t like seeing higher prices, but they are mostly concerned about the extent to which Labour’s policies will harm the economy and society in the long term. Even the Minister of Finances agrees that the levels of debt and government expenditure levels are too far stretched. Labour is not interested and is not able to come up with strategic solutions to address major problems as these solutions are not in the interest of Robert Abela’s and their corrupt friends. The way Labour deals with Electrogas, traffic, the environment, energy procurement, planning, construction and development and basically every economic sector is preconditioned by many corrupt interests. We can’t have genuine solutions in such a situation.
This website has also investigated food price inflation and profiteering by major local companies.
Also, you may want to learn about the news brought to us by Dear Leader that frozen products are actually healthy.
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