Joe Boakai asserts that Liberia is the “final destination” for all people of color, emphasizing the country’s richness. He calls on every Liberian to prove this by focusing on domestic resource mobilization, with a thriving private sector at the core of his economic transformation. Watch this video to rekindle pride in Liberia: https://youtu.be/gkBie9yNYJY?si=Cbqbs1Arnp3OAxDB
Under Boakai’s leadership, the effort to free Liberians from monopolies extends to crucial sectors like rice, gas, and other consumer goods importation, forming a cornerstone for building a prosperous nation. Boakai envisions sustainable prosperity through genuine free-enterprise private capitalism, emphasizing fair competition and economic growth by dismantling monopolies.
Addressing monopoly challenges, Boakai could propose a 30% tax on distribution rights, inspired by successful models like Senegal, where the tax represented a third of foreign currency reserves. This tax aims to curb monopolistic practices through distribution rights and serves as a cornerstone for domestic resource mobilization, enabling Liberia to showcase its richness.
Specifically, in consumer goods importation such as gas, rice, and beer, Boakai acknowledges the harm caused by absolute monopolies, leading to inferior products and higher prices. We encourage Boakai to open these markets for fair competition, allowing private capital to enter without monopolistic dominance. Boakai emphasizes Liberia’s historical advocacy for free-market enterprise and rejects succumbing to a monopolized system, especially in essential commodities.
U.S President Theodore Roosevelt declared a war on monopolies and dismantled them, paving the way to America’s prosperity and innovation in all manners of private enterprising. Joe Boakai will follow in Roosevelt’s path, becoming Liberia’s monopoly buster.
The call for limited monopolies extends solely to utilities, railroads, and public-private partnerships in infrastructure. Boakai recognizes the necessity of some government-sponsored monopolies in these areas, but strict regulation is emphasized to safeguard Liberian consumers.
Boakai’s comprehensive approach addresses economic principles and sector-specific challenges, ensuring fair access to essential goods. The 30% tax on distribution rights serves as a strategic tool for fair competition and contributes to domestic resource mobilization, vital for Liberia’s economic transformation.
Join Joe Boakai in building a new economic order marked by a free-market system, recognizing that monopolies can breed corruption and incompetence.
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