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Panama’s economic model generates inequality, says academician

Osmeldo-Beluche

Panama’s economic model generates inequality, says academician

Panama City, Oct 29 (Prensa Latina) The director of the Research Center of the Faculty of Humanities at the University of Panama (Cifhu), Osmeldo Beluche, said today that the economic model in Panama generates inequality.

The academician explained that this system also generates unemployment and labor informality and was imposed by the US invasion in 1989, but now it is in a structural crisis that fueled the massive protests last July against the high cost of living.

The researcher believes that there is a deep crisis in the Panamanian State and this reaches not only the Executive and the Assembly, but also the Electoral Court (TE).

In this regard, he mentioned the most recent denunciations of fraud in the application created for Internet to collect signatures of support to the pre-candidates for the general elections of 2024.

The cases of corruption, the lack of credibility in political institutions and the impoverishment of the population’s life, are manifestations of this crisis, the sociologist told La Estrella de Panama daily.

He also warned that in the case of the likely collapse of the pension system of the Social Security Fund -an issue that so far the government has not yet responded to-, is due to the high level of informality as the origin of the problem, which is linked in essence to a model that reproduces precarious and unstable jobs.

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