I have worked as a policy

I am an economist. I have worked as a policy researcher, expert committee member, and assistant for more than 10 years, but it was an inevitable choice because my career was cut off for nearly 10 years to write a book.

The fact that politicians did not consider careers or qualifications as important contributed significantly to earning my family's living expenses. Despite having been in the political sector for a relatively long time, he made a desperate effort to pay attention only to economic research. In fact, the Roh Moo Hyun regime directly proposed a fairly high position, but they refused it euphemistically.

Until now, I, a self-described economist, had refrained from criticizing politics because I thought it was inappropriate. But now I have to say something. This is because there are rumors that those who caused the civil war and those who defend him are gaining momentum, and that the public's power to treat them as heroes prevails in the public opinion.

The Moon Jae In administration played a crucial role in the birth of the monster Yoon Suk Yeol administration. The appointment of Yoon Suk Yeol as prosecutor general was wrong, but it is my judgment that the disastrous failure of economic policy to the extent that the average annual growth rate was only around 1%, which caused severe economic difficulties for the people.

The Moon Jae In administration bragged as if it could alleviate the people's economic difficulties by promoting an income-led growth policy. However, the income-led growth policy was already scheduled to fail from the start. This is because there is no single case in world history that such a policy has been successful.

Income-led growth policy is another name for demand-led growth policy. In other words, he believed that fiscal expansion or fiscal deficit to expand effective demand in Keynesian economic policy could revive the economy. However, countries that were enthusiastic about Keynesian economic policy resulted in falling behind not only growth potential but also international experience.

Specifically, from the 1950s to the 1970s, the United States and the United Kingdom implemented the Keynesian economic policy for a long period of time. Since the 1980s, Korea, Singapore, Hong Kong, and Taiwan, the four Asian dragons, have been defeated in international competition. Furthermore, from the late 1960s to the early 1980s, they had to suffer a long period of stagflation.

The Moon Jae In administration aimed for progress. If so, it should have implemented a scientific economic policy based on reality. Pursuing scientific socialism is real progress. However, the Moon Jae In administration implemented economic policies that it expected would fail, further aggravating the people's economic difficulties. In other words, the Moon Jae In administration was not real progress. (Continued)