The effective and fair use of public resources is vital for strengthening a country's economic structure. However, diverting these resources from their intended purpose to serve the interests of a specific group causes deep wounds in both the economic and social order.
During the AKP government, which has lasted over 22 years, unimaginable methods have been developed to use public resources for personal interests and to ruthlessly siphon them off. The AKP members have established such a systematic approach that other party politicians, watching these windfalls with envy, have begun to have fits, asking, "When will it be our turn?"
Even the stray cats on the street now know that public banks are at the top of the list of institutions being hollowed out.
So, how is this systematic corruption carried out through public banks?
As is known, the primary duty of public banks is to support various segments of society and contribute to economic development. These banks encourage production and investment by providing low-interest loans, especially to support tradespeople, artisans, farmers, and livestock breeders. However, the weaknesses in oversight that emerge during the implementation of the system lead to resources not being used for their intended purposes. The bigger problem is that these weaknesses are created deliberately.
Low-interest and long-term loan funds allocated to public banks are distributed in ways that do not align with their intended purpose.
The process works exactly like this...
The budget allocated to public banks is transferred to provincial and district branches. These funds are planned to be used primarily to support tradespeople, artisans, farmers, and livestock breeders.
Some major players (capital owners referred to as big fish and whales) access these resources through party connections or influential individuals.
The loans are used for investments such as luxury housing, land, fields, farms, and villas, or for purchasing gold and foreign currency. In some cases, the loans are deposited into private banks at higher interest rates to generate profit.
The effects of this corruption mechanism are, of course, not limited to the economic sphere...
Those who are truly in need cannot access credit and therefore cannot benefit from economic development. Trust in public institutions is damaged, and social solidarity is harmed. A moral collapse is taking place.
The diversion of public funds from their intended purpose negatively affects economic growth.
So, before finishing this article, let us ask a question for which we already know the answer?
What should be done to prevent this systematic problem?
The loan allocation process must be conducted transparently, and an effective oversight mechanism must be established.
Public banks should be regularly monitored by independent audit institutions. It must be ensured that those truly in need are aware of credit opportunities, and deterrent penalties must be imposed on those who abuse these resources.
What must not be forgotten is that the use of public bank resources in accordance with their intended purpose is important not only for economic development but also for establishing social trust. Public resources should be used for the general welfare of society, not for the interests of individuals.
Is it possible?
With this decrepit mindset and a government focused solely on corruption, it is impossible... But the struggle must continue nonetheless..
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