Chandan Sapkota’s Blog

The Maoist party is just about the most contradictory and inconsistent party in Nepalese filthy political arena. It is perhaps the most disgustingly opportunistic party unwilling and unable to bring out insurance policies to institute prerequisites for long-term economic growth. Except for Dr. Bhattarai, I have not heard of any other Maoist innovator arguing logically about financial growth and the economic mess we are in right now.

The one thing that you should not interfere when everything is in a mess is the sector that is posing as the binding constraint to financial activities. Low appropriability of results arising from micro-risks such as political instability and corruption along with low interpersonal returns credited to too little infrastructure are the two most powerful constraints on the overall economy at present. Failure to handle these constraints, because of the politicization and blockage by the leaders, is charging the economy dearly.

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Micro-risks are always there throughout the market. So, there is now way we will get soon away with them so. But, we can address the lack of infrastructure constraint with appropriate long-term goals and vision. When the Maoist party was in power, they approved several hydropower projects to be able to satisfy their dream of producing 10,000 MW hydroelectricity in 10 years. Alas, their own fantasy is shattered by their own actions.

How can the Maoists justify this business unfriendly and contradictory take action? This is not in the eye of the Nepali people. One ideologically dogmatic party should not and cannot determine and constrict the realization of dreams of 28 million people. Who are the Maoists to argue that these projects are against the national interest? Mind you, they only received 40 percent votes in the past election, if you suppose that the election was fair in all 75 districts.

Technically, they received 40 percent agreement on the proposed policies from among the qualified voters. This does not imply that they received a majority to dictate long-term economic growth matters with myopic politics eyesight to usurp power and press the united states decades backward. Almost 60 percent of the qualified voters dissented with the Maoist party’s plan.

Additionally, how can an ongoing party, whose cadres are being given by taxpayers like us, become when there are no government and the rule of law. It is ludicrous and beyond practical reasoning. Their main target is India. They want to target Indian joint endeavors in the hydropower sector probably, restrict their activities, and utilize this as a bargaining chip during negotiations with India to fulfill their own vested interest of getting top posts in the federal government. Four of the projects targeted by the Maoists are being developed by Indian investors, either solely or through joint projects.

It affects at least 3300 MW of hydro projects: Upper Karnali (900 MW), Tamakoshi 3 ´A´ (880MW), Upper Marshyngdi (600 MW), Arun III (402 MW), Lower Arun (400 MW), Balefi (50 MW), and Likhu (34 MW). Here is a very sensible piece from Dr. Ram Sharan Mahat. At the same time when investment is certainly going down and the country is reeling under a severe power crunch, this act does not do a little in conditions of protecting our economic interests.