Part II: Delivering Economic Democracy will lead to controversy unless it is defined properly
Economics Nobel Laureate Milton Friedman
Promise of economic democracy to people
As mentioned in the previous part of the article in this series under the title of ‘The Promise of a Social Market Economy: What does it herald for Sri Lanka?’ (available at: http://www.ft.lk/article/469707/Part-I-%E2%80%93-The-promise-of-a-Knowledge-based-Competitive-Social-Market-Economy--What-does-it-herald-for-Sri-Lanka ), the manifesto of the United National Party has promised to deliver “economic democracy” to the people by widening the frontiers of the open economy policy being in place in Sri Lanka since the late 1970s.
As mentioned in the previous part of the article in this series under the title of ‘The Promise of a Social Market Economy: What does it herald for Sri Lanka?’ (available at: http://www.ft.lk/article/469707/Part-I-%E2%80%93-The-promise-of-a-Knowledge-based-Competitive-Social-Market-Economy--What-does-it-herald-for-Sri-Lanka ), the manifesto of the United National Party has promised to deliver “economic democracy” to the people by widening the frontiers of the open economy policy being in place in Sri Lanka since the late 1970s.