Solomon2day

A good government ought to be able to muster enough strength to enforce obedience, in addition to carrying out the duties of governance efficiently. Justice, perhaps, will flourish when the people who are expected to obey the laws express their opinions on these laws. A rule of good government, revolves around the fact that aside from the State, nobody else should be equipped to secure obedience and conformity. In 1934, Austria was plunged into civil war, partly by the failure of its government to prevent political parties from recruiting armies. Political partiers are already recruting non-state actors. The prosperity of this country is under the overbearing influence of its natural resources, the politics of its neighbors and the conduct of those in government. Take note that the goodness of a Government depends on its fitness to solve the myriad of problems confronting it. Sadly, those in Government have set their personal advantage against and above that of the people, sho...

The development of infrastructure in Nigeria has over the years been unsuccessful due to the fact that the country is not an infrastructure-conscious space. In infrastructure development, the quality of the people is crucial,-initiative, prudence, ingenuity and foresight, all combined to guarantee a nation’s development. Indiscriminate taxation would definitely have negative effects on the psyche of the people and certainly not an incentive for higher productivity. A close and critical observation of the Nigerian economy exposes the inexperience, ignorance, mediocrity and docility of Those-in-Charge. The trial and error policies of government has only worsened the coma state of the economy, regardless of the injury time shuttles abroad by government officials to attract foreign investments. The Nigerian economy today, is a patient well over due for surgery.

Government policies revolving around austerity measures, unemployment, stagnant salaries, rising prices of essentials, indiscriminate and multiple taxation among others are all reflections of the extent to which Those-in-Charge are now unpopular. Several people unfriendly policies have successfully rubbished governance. Sadly, officials of the administration have so far been unable to convincingly explain and defend the administration’s actions and policies that have brought about excruciating hardships on the people. Regardless of the poor state of the economy, Those-in-Charge have continued to borrow and spend without recourse to saving. A bad democracy is not good merely because it is a democracy; and any form of government that is not a democracy is bad, for uncontrolled power invariably corrupts those who possess it. They are not always right, but Those-in-Charge have sacrificed national interest as they see it in order to obtain a present political party advantage. The im...

Foreign loans obtained for capital expenditure by Governments could be applied for domestic economic development. However, this must be in tandem with a well-drawn-out program of action. Foreign loans primarily serve the needs of the creditor economy and systematically neglect the domestic economy of the debtor country. It is instructive to note that Japan obtained loans between 195 to 1914, externally, and was at liberty to use the funds in accordance with the dominant ideas of national economic development. Interestingly, these foreign loans were a relatively minor and not a major source of capital for the Japanese economy as a whole. During this period, Japan was able to direct between 12 percent and 17 percent of its national income into capital formation. rom the 1920s Japan began to receive some form of direct investments from abroad, while the government borrowing from abroad visibly ceased. The same sequence applies to a number of other countries that have attained a substan...