New crisis will be severe
Chairman of the "Politeconomia" NGO Andranik Tevanyan and the ARF faction are jointly working on an anti-monopoly bill.
By the end of this year, they must present the RA bill on "Anti-Monopoly Regulation" to the National Assembly. The bill envisages the creation of an anti-monopoly regulatory council, which will include the governmental commission on protection of economic competition and the Public Services Regulatory Commission. According to the bill, the council must be funded only on the account of the budget.
""Today those commissions often play the role of an advocate for those with monopolies and start explaining to the society why the price of this or that product went up, instead of defending the public's interests against large monopolists," said head of the working group of the project Andranik Tevanyan.
Deputy of the ARF faction Ara Nranyan talked about the biggest difference between the current law and the future one. "We say that there should not be monopolies at all." He also underlined the political side of the bill, expressing hope that the deputies would understand that they are hurting their own interests by being in parliament. "When there will be confidence in the state, they will drop their mandates and get involved in business. When they know that their profits will be insured, they will leave."
Based on Nranyan's predictions, the next crisis will have severe consequences and today's rich people may have problems with keeping food on the table at home. "If the economic system changes, our economy will go down to zero."
