Family economic institutions
02/1/2017 at 12:00 am
The family economy, since the dawn of history, the basis in the economic process and has risen from the land wevkalanzomh tribe, having expanded the family to place a wide system of feudal estates of non-marginalized tribe remote parties as peasants or owners of small plots in contributions.
And so things evolved after enlightenment and the emergence of capitalism to show mo'ssataaelih dominate the industry and banks, still shiny names until today (such as the Rockefeller and Morgan or roshtild in banks) so this is the nature of things in the West or East. the question now is why institutions evolved families in the West and even poignant political decision and State philosophy, while the institutions of our families still ranged in industrial economies and remained among the family spirit and the tendency of capitalism as in the West, where between phases for reasons Multiple.
Some local textile industries or oil industry or construction materials plants established Iraqi families and retreated by the 1964 nationalization or wars and sanctions the State and its imminent collapse after a year of import.
These circumstances prompted the prestigious institutions for departure with money abroad to work and deal with her as their wesanaain dealers like any source, foreign or Arab, and ride the third sector through commercial banks and import trade, flashak it's a normal reaction because of what he went through Iraq, because the capital is a coward, and looking for safety and profit.
Iraqi private banks, Islamic and commercial wings, often come back to Iraqi families now ranged on the import box and banking, that's normal too if I took as an opportunity not available to other, azemazalt article 28 of law prevented banks from industrial and agricultural direct investment in the housing sector.
So I went with some of these banks to expand in non-banking products through this process the wobble often true of domestic style is still found in the economic process remained not out of a bottleneck with only agriculture for food security, as well as industry reeling under the pressure of import tariffs and random besides investing in the housing sector and the problem of delayed six trillion dinars project adopted by the Central Bank for months.
Family foundations was unable to proceed on the contrary it has diminished their activity often subsides in alamlhma devoted to market to have sufficient rental economy to pay State employees only without moving the wheel of economy and allow the private sector to take a role in development.
Before this the equation enough to lay the State philosophy and its position (family foundations) reduce poverty, as well as immigrant almalalaaeli head the instant his stick facilities being known sources to offer himself as a substitute for the Government to provide jobs and job opportunities for unemployed youth.
Then our families capitalism should come back as a real private sector partner that not necessary in moving the wheel of economy and overall growth of Iraq.