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Economic policy: socialism, populism or chaos?
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Economic policy: socialism, populism or chaos?
Good afternoon. News that the government has ordered cement producer Cimentos de Moçambique to lower its prices forms part of a pattern in recent state interventions in the economy. It is not clear if ministers have a legal basis for trying to dictate the price at which the company sells its cement. Officially, businesses’ profit margins are regulated, so the government could argue that it has found that Cimentos de Moçambique’s margins are too …
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