This is the Reason Why Turkey will COLLAPSE!

Rewind 20 years, and Turkey had one of the world’s most impressive economies. The country was booming. Growth seemed unstoppable. But now, it’s on the verge of a financial collapse that may require decades of recovery. How did Turkey end up like this? Watch now!

The videos are made by the same team that brings you The Infographics Show.

All videos are based on publicly available information unless otherwise noted.

[pluviofilcactus]

Turkey's sole problem is not just inflation; there is also an incredible problem of tax evasion in the country. Only the salaried sector pays income tax, and due to the lack of tax reform for this sector, even those earning just above the minimum wage fall into a high tax bracket. Meanwhile, companies earning tens of millions of dollars annually evade taxes and end up paying less tax than even someone earning minimum wage.

[hai.]

After all these years living in Turkey, this is what I've learned: Never trust a man with a sparse moustache

[Munax.]

As a Turk I can say that TUIK numbers are wrong because their statement is also a propoganda. They have to watered it down heavily because Erdoğan tells them to do.

[alimuratakkan]

I am a Turkish Software Engineer. I have left the country 6 years ago. Even back then, the direction that the leadership of the country was taking was very obvious. Nepotism on the highest levels of government, comical economical/monetary policies, crazy/senseless + expensive projects, degradation of the judicial system, declining personal freedom, poor security, poor education... it felt more and more like I was a drone sentenced to work and shut up, just slaving away...paying taxes and getting nothing in return just to pay someone's palace's electricity bill... Until there is a new administration, it will never get better...

[tassosapt]

It reminds me of Greece... Corruption happened in both our countries. And, of course, simple people pays the price...

[craigkdillon]

IMO, Turkey's problem comes solely from Erdogan's policies.
Turkey itself is well structured. Good companies. Good work force.

If Erdogan can be put out of office, a new administration
could quickly turn it around.

[addeenen]

It is not just Erdogan's faith and incompetence that are to blame. The people who voted for Erdogan and did not stand up against him are also to blame.

[antoniete-]

Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.

[pepperoniboy]

About 10 years ago I spent 300 Lira on groceries once, the cashier thought it was so high that she took a picture of the receipt to show her friends, 300 barely covers the necessities anymore.

[geoffreythomas]

Islamisation was also a large part of the Turkish President's strategy.

[drunkbee]

This is Turkey’s economy in a nutshell.
In 1970 one dollar was 10 liras.
One million liras was $100, 000 dollars .
In 2005 one dollar was 1.35 million liras so Erdogan removed 6 zeros from lira and one ☝️ dollar became 1.35 liras but this lira was in millions now .
Today one dollar is 33 liras ( 33 million liras) .
Today one million liras is worth .03 dollars or 3 cents .
Turkish lira has lost 99.97% of its value .
When, not if, lira loses 3 cents of value then Turkish economy will implode .
Turkish economy has already fallen off the cliff, it hitting the ground is matter of destiny not time .

[SitzPinkler]

10:05 - the map shown when talking about the Turkiye's economy just left the +30% of the Turkish economy outside the Turkiye :D

[davidhughes]

In Texas our food cost has doubled in 14 months (I do the shopping and every item is doubled). Our house has doubled in value since 2020. How are we at 3%. Not saying this video is lying……… but someone is.

[nesimiertugrul]

One major reason appears to be not noticed ! The population of Turkiye was forced to increase more than 10% (due to migrations!), which increased the demand !

[johncoffey]

This is a gift to the rich they borrow and then buy dollars and then watch as their debt rapidly shrinks.

[CoinEngineer]

As I Turk, all I can say is . He needs 2 go . Fresh leader.

[shivanshshivi]

This is what islamization of all countries has done. Booming economies and cultural/scholar centres destroyed into subhuman like practices

[vic]

Isn't a *big* part of the problem that Erdogan doesn't think inflation is a problem?

[BarbarossaTheOcean]

Sadly as a mechanical engineer I left to Türkiye too due to economic reasons. If the economy was good, I would never leave my country. When I think the people and places that I love it gives me pain and headache. In Türkiye, you can work all your life and own "a flat and a car". Even this was the reason for me to having anxiety attacks. Also, getting married in Türkiye is a huge expense (due to traditions) because the man's side buys the furniture and other stuff in the house and has to buy gold jewelry for the bride. Long story short, I had to leave Türkiye, but I am not happy, thanks Erdoğan.

[subutaynoyan]

A simple example: For a Turk, a kilo of potatoes is about 2-3 liras standard for the last few years. But right now price is about 40 liras, and nobody expects it to slowdown