Erdogan is destroying Turkey’s economy at its roots.
Turkey led the world last year, in millionaires moving out. The smart money is leaving, as part of a broader brain drain of the skilled and educated.
“In 2017, the largest exoduses came out of Turkey (where a stunning 12 percent of the millionaire population emigrated) and Venezuela. As if on cue, the Turkish lira is now in a free fall.”
Although the current stampede of capital flight from Iran might edge Turkey out of first place this year, the Turkish exodus continues, as Erdogan has only become more oppressive and capricious.
Result? BOOM!