Many take it for granted that progress and time are directly
related. Put in simpler terms: as years go by the world progresses to the
better. But an accurate and critical look at the world history proves
otherwise.

Looking into the economic history, we also encounter periods
of progressing in circles if not even regression. Every recession, in fact,
leads to regression. The present recession, for instance, has not only stopped
the extraordinary economic boom of Ireland, but has also led to "a
dramatic reversal from 2008, with GDP contracting by 14% and unemployment
levels rising to 14% by 2010" (http://en.wikipedia.org/wiki/Celtic_Tiger).
And what was once considered as the Celtic Tiger, is now being dubbed as the
Celtic Cat.
Looking closer to home, at the South EU region, we are all
fully aware of the dire state the inhabitants of Spain, France, Italy, Greece
and Cyprus are in. The case of Italy is exceptionally insightful in this
regard, as the short spell of Monti as PM had started to put the country in the
road of recovery, but last weekend's election result has reversed all the
progress that had been made with so much sacrifice.
Even a study of our recent history proves the main argument
driving this article - that progress does not always follow a linear
trajectory. Alfred Sant's premiership is definetly a case in point. He may have
done a handful of positive reforms, mainly in his party, but economically few
dispute the fact that his was a complete disaster.
The conclusion is obvious and pretty straightforward. We
must not take it for granted that Malta will continue in its positive economic
progress irrespective of who is at the helm. Gonzi, and his government,
especially Minister Fenech, can be rightly criticised for many misdoings, but
their economic insight and control is definitely one of their main attributes.
Of course, Muscat and his team could prove to be as good or
even better. However, apart from many buzz words and the worrying pledge for a
smaller government, till today we have little hard evidence on which to base a
clear opinion on how he plans to steer our economy in this turbulent time.
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