Chedet

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Subsidy = Opium??

Image accompanying the conclusion of the fuel-subsidy post

Honestly I am not supportive of subsidy scheme, because I think it reduces competitiveness, creating false impression and sense of security to the receivers. In extreme term, subsidy can be equated as opium. It is addictive, and it is hard to shed especially if you are having it for more than 20 years. (Oil subsidy…

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