How to build a vibrant economy, by Sandro Chetcuti
You really must read this story. It shows exactly what sort of desperate situation Malta is in with this bunch of clowns who understand the economy only in terms of money-grubbing at their level.
The recipe to build a vibrant economy, by Sandro Chetcuti and his mate Joseph. First, sell passports. Second, build flats. Third, sell flats to the people who have bought passports.
And then what?
There are so many things wrong with this, I don’t know where to begin. It is non-productive, non-creative, low-value-added, destructive of resources, and subject to the law of diminishing returns on a massive scale.
But as long as Sandro Chetcuti – the man who symbolises the predominant Other Malta and everything that’s wrong with it – thinks it is a fabulous idea, that’s fine. “Good times are ahead,” he said.
And to think that this lot were voted in by the liberal environmentalists. What a mess. I mean, really.
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http://www.timesofmalta.com/articles/view/20150129/local/passport-scheme-boosting-building-industry-sandro-chetcuti.553929
There are neither liberals nor environmentalists in Malta. There are only attention seeking idiots or money grabbers.
This can explain the decisions made by Dr Busuttil (still morally wrong) . But unfortunately you need all these voters for a majority.
Dan il- kabinet maghmul min qabda kabocci imhassrin . Dilettanti per eccelenza u ghar min hekk jemmnu li kapaci jmexxu nazzjon bhal Malta . Gvern bla bajd , bla sinsla u bla ras . Sadanittant il- Poplu sieket .
I still have to see a ‘quality luxury building’ in Malta. The building industry is based on creating structures or houses but not at building homes. At this rate, the lack of building regulation will make us need another power station to accommodate all the useless airconditioning.
PS building a vibrant economy includes better distribution of money and diversivication of industry not concrete and bricks.
Building an economy on a speculative “industry” while the manufacturing sector keeps loosing orders, will get the country heading straight into a brick wall.
Well said.
In 2015, the means of production have done away with most of the tenets of Darwinian capitalism.
Malta is the ideal place to implement the proven thesis.
Labour have no idea except follow state sanctioned capitalism devised in China to avoid the regime’s implosion.
A million Chinese settle in west Africa alone, every year. You should see the speculation with infrastructure in those places.
Following the first horrific figures outlined the moment the proper economic parameters were applied to Beijing’s economic ‘miracle’.
It is truly in the Union’s interest to stop the displacement of Africans from their continent. And that is everything but calling them illegal immigrants. Call them economic refugees.
So effectively this is sell more passports, destroy more of the limited environment, make the Sandro Chetcutis rich, and then put Labour back in government to sell some more passports, right?
Looking at it from Labour’s perspective, I think it is sustainable.
No need to balance development with the environment. All developers need to balance is their bank account, as far up in the black as possible.
The question is what is Muscat balancing in return?
Stop calling Chetcuti a developer. Everyone.
He does not employ anyone, has no investment in any plant and his idea of stock is public space and social fabric where permits for highrise can be negotiated.
Stop their hegemony of what the word development means.
Please.
Sandro Chetcuti is a speculator and property broker.
Behold the shape of things to come.
The real lobby, avukati u nutara, happily determining how an economy must limit itself. As long as it’s legal.
And who cares for the spirit of the constitution.
Muscat meantime, torturing internal demand to spike his economy. Relying on the sepculators’ takeover of those who operate plant and employ thousands for a perpetual vicious cycle.
The ginger Zapatero.
I hope that the regulators are protecting the banking system from the likes of Sandro Chectuti.
Our economy depends more on the banking system than a bunch of greedy speculators like Sandro Chectuti.
Malta will soon definitely be another Greece. Shame, really!
The ones on the final lap to dusty death must consider themselves lucky.
What will happen to the building industry once all that property which is not really being used as residences start to be used for the rental market or what will happen once the 5 years are up and the passport holders start selling off their property and flooding the market? I guess Sandro Chetcuti cannot see so far into the future.
[Daphne – He’ll have bought all the horrid red cars he wants by then, and screw the country.]