Tebeje Molla warned that fast privatization under political shock risked neoliberal “shock therapy”


On 11 June 2019 Borkena carried a commentary by Tebeje Molla arguing that Prime Minister Abiy Ahmed’s pledge to fully or partially privatize Ethio Telecom, Ethiopian Electric Power, Ethiopian Airlines, and Ethiopian Shipping & Logistics should be read against Naomi Klein’s “shock doctrine,” because deep reforms pushed during political turmoil can favor outside corporate agendas.

Tebeje Molla warned that fast privatization under political shock risked neoliberal “shock therapy”

Molla said parliament was about to liberalize major state firms after years of developmental-state policy under Meles Zenawi, and he argued that opening those assets under fear and urgency could lock in lasting economic choices before a stable political settlement existed.

Kept as politics and economy analysis archive, the Borkena commentary dates a critical Ethiopian academic warning about privatization sequencing in June 2019.

Sources: Borkena