Thursday, August 11, 2022

Economic analysis of Jose Maria O’Kane: “If the market does not work well, the state must intervene”

“If I tax the bank, that’s another cost and it can reduce its margins and that the earlier benefits have been taken by the governmentOr it can pass it on to citizens in commission and higher interest rates,” he said.

In this sense, economists believe that the objective must be “consumers pay less“and” do not establish taxes that are later passed on to consumers.

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However, Jose Maria O’Keene confirms that the lack of competition has led to this situation: “When the market acts more or less in competition, things are delivered with greater economic efficiency, However, there are companies that have market power and do what they do.”

In this context, the Economist is forceful: “If the market is not working well, the state will have to intervene and there are many tools to do so and replace it, now we are using a tool with which the state wants to collect.”

other thing, Jose Maria O’Keene makes a clear prediction of when “the economy will pull back”, “Certainly, in the first or second quarter of next year, we will have already linked this situation to our way of understanding things and once again the economy will start pulling”, he indicated. You can watch this moment in the video below.

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