Categories · Opinion/Surveys
non-USA, by Country · Ethiopia
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Jump to full article: Panafrican News Agency, 1999-08-26 Author: G.Michael Paulos The Monitor (Addis Ababa)
Intro: Private business enterprises are not allowed and should not be allowed to acquire monopolistic positions. . . A local newspaper carried the news that the Ethiopian Tobacco Monopoly, which was established in 1934 Ethiopian calendar by proclamation is being sold to a foreign private capitalist with 51% shares and perhaps with its monopolistic characteristics. . . The Ethiopian Tobacco Monopoly was a highly profitable venture and it might still continue to be so. If the government earns high profits from tobacco, the profits will be used for health care which is not the case with a foreign private capitalist.
Then why kill the goose that lays the golden egg every year, for many years to come, just for one sumptuous feast?
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