Saturday 10 December 2016

Let's produce for export markets

Published 06/08/2010 | 05:00

WE need profitable banks. To have profitable banks we need a vibrant economy in which investors borrow money to invest in innovation and machinery that increase the flow of consumer goods into the market -- a market that has consumers with good earning power.

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The entrepreneur needs to earn a profit that services the debt and gives a surplus, and the depositor needs a reasonable return.

The government policy of not nationalising the banks and instead giving a wide guarantee and bailing them out has been a more costly option that will increase taxation and means a vibrant economy is decades away.

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