You Say You Want A Revolution
Morocco is having troubles with their economy, it is getting better but it’s still not good enough. They are having problems with people not making enough money from their jobs. Women are not getting treated equally, which is a problem. In the 1950s, Morocco was one of the rare newly independent states to embark on a path of political pluralism and market economics. The following decades saw successive governments enact reforms establishing a relatively open political and economic system. And yet, almost half a century on, the country remains authoritarian. In 1960 the government embarked on a new "mixed economy," in which the public sector assumed the role of stimulator to free enterprise, and signed a series of aid and loan conventions with the World Bank and the International Monetary Fund (IMF) to strengthen private entrepreneurship. Stabilization programs lasted roughly until 1983 and focused on budgetary savings through higher taxes and cuts in social programs and subsidies. However, the measures ultimately failed to solve Morocco's economic problems because the very political structure that created them in the first place remained untouched. Through the creation of state companies in the country's more profitable industries (such as irrigated agriculture, food processing, tourism, banking, construction, and manufacturing), the monarchy used the public sector to control and reward prominent domestic allies. Typically, the state bought out failing companies and resold them at nominal prices to the king's associates once they became profitable hat is, once the public treasury paid for new infrastructure and the public sector ensured advantageous contracts.