Some academics claim that gold will be the best investment tool in Turkey this year. It is also cited that unemployment and the current account deficit are the economy’s leading problems. The general situation of the Turkish Economy is swinging between “fine” and “normal” but the government’s inflation and growth targets are found to be ambitious and hard to achieve.
The right time to buy gold is now, so they say. But if the people don’t have money, how will they buy gold and use it? In Nozick’s libertarian understanding, those people who don’t have money are responsible for themselves. If they had owned up to their good life at the time, now they would have money and they would have bought the gold. So, Nozick would say it is their fault not owning their good life.
Nozick’s libertarian understanding finds place in today’s ruthless Turkish economy. In whatever circumstances or situations you are born in, it doesn’t matter. You can change your life, as you want it.
However, the ”libertarian” understanding stands alone versus the helplessness of people in ”changing” their lives. Nozick believes, opposite Rawles, in the sanctity of life making rights non-negotiable. He says that an individual’s personal liberty makes all forced state policies illegitimate. But how, then, in Turkey, without the help of the state, will there be a way to pull up those at the bottom of the socio-economic pyramid and offer them the option to ”buy gold” as suggested by academics? The rich are getting richer in Turkey. The fact that the average income has gone up from 3,000 USD to 10,000 USD in the last 10 years does not mean that the bottom of the society has benefited from this.
Yes, Nozick supports that you have the right to change your life.
But then again, are people in Turkey allowed to change their lives as they want?