As you may remember, in September I wrote an article titled "How to Tackle Inflation and Economic Disorder: You can try this at home," offering some roadmap suggestions for macroeconomic decision-makers. Due to high demand from readers of that article, this time I’ve prepared a recipe consisting of microeconomic advice specifically for companies.

In the world of business, the terms "ruthless" and "immoral" are often heard, and although they may seem to carry similar meanings at first glance, there is actually an important nuance between them. Although both concepts evoke unethical behaviour, they differ in terms of their motivations, methods, and consequences.

Today, the line between war and peace is no longer defined solely by weapons and soldiers; economic power and technological advancement have become the fundamental determinants of a country's destiny. This reality rebuilds modern war and peace through the lens of economic and technological infrastructure, much like Tolstoy’s attempt in War and Peace to depict the complex relationships between human inner worlds and societal dynamics.

People often think that if a company is making a profit, it indicates strength and sustainability. However, when we delve into the realities, we see that profit alone is insufficient. Economic fluctuations, social changes, political tensions, and international issues can sometimes lead those companies to sudden bankruptcy overnight.

Today’s global economy and political structure are undergoing a rapid and profound transformation. This shift is especially evident as the business world becomes increasingly independent of politics, signalling a new era with the strengthening of authoritarian regimes and the decline of liberal democratic systems. In a 2011 article I wrote, I stated that “the global liberal economy and democracy are in decline, and the centralisation of authoritarian governments is rapidly increasing.”

Throughout history, art has been a symbol of freedom and democracy, regarded as a fundamental pillar of individual will and freedom of expression. However, today, these ideals have eroded under the dominance of economic interests and large capital.

Sports, entertainment, and cinema are not just fields where huge amounts of money flow; they are also sectors that inspire young people's dreams, excite them, and sometimes even become a lifestyle. Let's talk together about the size of these industries, the competition between countries, and which professions young people most dream of.

Many countries are beginning to see changes in their governments. In some nations, there are preparations for shifts in economic management and Central Bank leadership. Some countries are still engaging in dollarisation due to historical habits. Of course, nearly all of these are developing countries.

Some may wonder, "Why would countries so far apart from each other adopt hostile attitudes?" However, the root of the issue is historical. Among the only victories against imperialism in the world is Turkey’s War of Independence (1919-1923). The contribution of the people of Pakistan, who even went as far as to remove their gold teeth to send aid to Turkey, is unforgettable.

There is a new movement emerging in the world. This movement suggests that the existing form of liberal democracy, based on free will, combined with capitalism, is no longer effective, and a different understanding is replacing it.

Looking at Argentina’s economic and political history, there are two prominent figures who have emerged at different times with different approaches: Carlos Menem and Javier Milei. Both implemented major reforms to overcome their countries’ economic crises, high inflation, and political chaos. However, their methods differed significantly, and naturally, their outcomes were quite different.

Since the early 2000s, inflation has been a stubborn problem that economies have tried to resolve. This is mainly generated by expanding public spending and increasing the money supply—an approach we are not yet able to escape. However, with Trump, a new phase is approaching that could reignite inflation. All available data indicates that Trump's high tariffs are reintroducing inflationary pressures. According to the Office of the U.S. Trade Representative (USTR), the tariffs have caused a noticeable decline in imports from China.

Years ago, at an institution where I worked, they were giving some tests to the managers. As a high-level manager, I was also subjected to the same test. They asked many questions, but one stuck in my mind. Because my answer had disturbed the person asking the question. The question was simply this: "There are two assistant general managers, A and B, in a company. Since the General Manager is being assigned to a foreign mission, either A or B will be promoted..." I immediately jumped in: "Is there no other option?"

First of all, let me clarify the definition of "young." Around the world, the population over 65 now exceeds the population under 5. Additionally, people are beginning to live comfortably up to the age of 90. Therefore, those at 65 are considered “old but strong,” while individuals between 40 and 55 are regarded as "young leaders." Now, let me get to the main topic:

Exactly 27 years ago, I wrote an article on this topic. When I was working on my paper titled “The Impact of Turkey’s National Defence Spending on Budget Deficit, Domestic Debt, and Inflation,” I was about to complete my military service at the F-16 Tactical Aircrafts Department of the Ministry of National Defence. At that time, the defence industry worldwide was not yet cooperating much with civilian sectors, so the inflationary effects of defence spending and its contribution to economic growth were quite limited.