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US NewsSpurning Erdogan’s Vision, Turks Leave in Droves, Draining Money and Talent

12:35  03 january  2019
12:35  03 january  2019 Source:   msn.com

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They are leaving the country in droves and taking talent and capital with them in a way that indicates a broad and alarming loss of confidence in Mr. Erdogan ’ s vision , according to government statistics and analysts. In the last two to three years, not only have students and academics fled the country

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Spurning Erdogan’s Vision, Turks Leave in Droves, Draining Money and Talent © Sergey Ponomarev for The New York Times A commuter train in Istanbul passed an election poster for President Recep Tayyip Erdogan last June. Mr. Erdogan won re-election with greater powers, but the economy has faltered since then.

ISTANBUL — For 17 years, President Recep Tayyip Erdogan won elections by offering voters a vision of restoring the glories of Turkey’s Ottoman past. He extended his country’s influence with increased trade and military deployments, and he raised living standards with years of unbroken economic growth.

But after a failed 2016 coup, Mr. Erdogan embarked on a sweeping crackdown. Last year, the economy wobbled and the lira plunged soon after he won re-election with even greater powers. As cronyism and authoritarianism seep deeper into his administration, Turks are voting differently — this time with their feet.

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The Turkish president, Recep Tayyip Erdoğan , has regularly urged Turkish women to have as many as three children (most recently after the birth of his sixth But an unchecked decline in its fertility rate would leave Turkey with an ageing population – a problem that many countries in Europe face.

Erdogan left with a divided Turkey after referendum. The answer, the mayor told German WDR radio, appears to be that in appealing directly to Turks in Germany, Erdogan treats them with the respect they miss in German society, and from German politicians.

They are leaving the country in droves and taking talent and capital with them in a way that indicates a broad and alarming loss of confidence in Mr. Erdogan’s vision, according to government statistics and analysts.

In the last two to three years, not only have students and academics fled the country, but also entrepreneurs, businesspeople, and thousands of wealthy individuals who are selling everything and moving their families and their money abroad.

More than a quarter of a million Turks emigrated in 2017, according to the Turkish Institute of Statistics, an increase of 42 percent over 2016, when nearly 178,000 citizens left the country.

Turkey has seen waves of students and teachers leave before, but this exodus looks like a more permanent reordering of the society and threatens to set Turkey back decades, said Ibrahim Sirkeci, director of transnational studies at Regent’s University in London, and other analysts.

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Recep Tayyip Erdogan promised to lead economic policy in person if he won re-election as Turkish president. A majority of voters backed his vision , but a rising number of business people are The UK has been an attractive destination for many of Turkey’ s best and brightest leaving in recent years.

Turkey’ s proclivity for detaining foreigners bespeaks an ominous path ahead for the increasingly repressive nation.

“The brain drain is real,” Mr. Sirkeci said.

The flight of people, talent and capital is being driven by a powerful combination of factors that have come to define life under Mr. Erdogan and that his opponents increasingly despair is here to stay.

Spurning Erdogan’s Vision, Turks Leave in Droves, Draining Money and Talent © Mary Turner for The New York Times “We are selling everything,” Merve Bayindir, a hat designer, said after closing her business in Istanbul and moving it to London. They include fear of political persecution, terrorism, a deepening distrust of the judiciary and the arbitrariness of the rule of law, and a deteriorating business climate, accelerated by worries that Mr. Erdogan is unsoundly manipulating management of the economy to benefit himself and his inner circle.

The result is that, for the first time since the republic was founded nearly a century ago, many from the old moneyed class, in particular the secular elite who have dominated Turkey’s cultural and business life for decades, are moving away and the new rich close to Mr. Erdogan and his governing party are taking their place.

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Erdogan ’ s popularity unmatched despite growing authoritarianism. One obvious reason behind Last April’s referendum reflected a country sharply divided. A little more than 51 percent of Turks voted in The government also provided colossal amounts of money for the renovation of public hospitals and

One of those leaving is Merve Bayindir, 38, who is relocating to London after becoming Turkey’s go-to hat designer in the fashionable Nisantasi district of Istanbul.

“We are selling everything,” she said in an interview during a return trip to Istanbul last month to close what was left of her business, MerveBayindir, which she runs with her mother, and to sell their four-story house.

Ms. Bayindir was an active participant in the 2013 protests against the government’s attempt to develop Taksim Square in Istanbul. She said she remains traumatized by the violence and fearful in her own city.

Mr. Erdogan denounced the protesters as delinquents and after enduring arrests and harassment many have left the country.

“There is so much discrimination, not only cultural but personal, the anger, the violence is impossible to handle,” Ms. Bayindir said. “If you had something better and you see it dissolving, it’s a hopeless road.”

Thousands of Turks like her have applied for business visas in Britain or for golden visa programs in Greece, Portugal and Spain, which grant immigrants residency if they buy property at a certain level.

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Erdogan believes driving out the leaders of Turkey’s civil society will pave the way for Putin-style landslide The wealthy—many old- money Turks who espouse liberal values—are also in Erdogan ’ s line of fire. Erdogan cannot rely on international money or talent as substitutes: Nobody wants to

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Spurning Erdogan’s Vision, Turks Leave in Droves, Draining Money and Talent © Ed Ou for The New York Times Protesters in Taksim Square in Istanbul in June 2013. Many participants were subject to harassment and persecution, and subsequently left Turkey. Applications for asylum in Europe by Turks have also multiplied in the last three years, according to Mr. Sirkeci, who has studied the migration of Turks to Britain for 25 years.

He estimates that 10,000 Turks have made use of a business visa plan to move to Britain in the last few years, with a sharp jump in applications since the beginning of 2016. That is double the number from 2004 to 2015.

Applications by Turkish citizens for political asylum also jumped threefold in Britain in the six months after the coup attempt, and sixfold among Turks applying for asylum in Germany, he said, citing figures obtained from the United Nations refugee agency. The number of Turks applying for asylum worldwide jumped by 10,000 in 2017 to more than 33,000.

A large proportion of those fleeing have been followers of Fethullah Gulen, the Pennsylvania-based preacher who is charged with instigating the 2016 coup, or people accused of being followers, often on flimsy evidence.

Tens of thousands of teachers and academics were purged from their jobs after the coup, including hundreds who had signed a peace petition calling on the government to cease military action in Kurdish cities and return to the peace process. Hundreds have taken up posts abroad.

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President Erdogan ' s reforms in the education sector were a source of unrest in Turkey long before the coup attempt. Bekir Cinar was working as an assistant professor at the political sciences department of Suleyman Sah University when it fell victim to the crackdown.

Mr. Erdogan has tried to make Turkey more conservative and religious, with a growing middle class and a tight circle of elites who are especially beholden to him for their economic success.

The flight of capital and talent is the result of this conscious effort by Mr. Erdogan to transform the society, said Bekir Agirdir, director of the Konda polling company.

With the help of subsidies and favorable contracts, the government has helped new businesses to emerge, and they are rapidly replacing the old ones, he said. “There is a transfer of capital underway,” he said. “It is social and political engineering.”

Spurning Erdogan’s Vision, Turks Leave in Droves, Draining Money and Talent © Ozan Kose/Agence France-Presse — Getty Images A commemoration in Istanbul in July of the second anniversary of the attempted coup against the Erdogan government. Tens of thousands of teachers and academics were purged from their jobs after the coup. Ilker Birbil, a mathematician who faces charges for signing the peace petition and left Turkey to take up a position at Erasmus University Rotterdam in the Netherlands, warned that the country was losing people permanently.

“People who are leaving do not want to come back,” Mr. Birbil said, citing the polarized political climate in the country. “This is alarming for Turkey.”

“I have received so many emails from students and friends who are trying to get out of Turkey,” he said.

Students are despairing of change partly because they have grown up with Mr. Erdogan in power for 17 years, said Erhan Erkut, a founder of MEF University in Istanbul, which teaches innovation and entrepreneurship.

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President Recep Tayyip Erdogan of Turkey, center, and Prime Minister Binali Yildirim, second from left , this month in Ankara. The drop in the lira has also left some of Turkey’ s biggest businesses embattled, while eating deeply into the living standards of ordinary Turks , meaning voters.

Bilal Erdogan has said he is in Italy with his wife and children purely to resume his PhD studies at the Bologna campus of America’s Johns Hopkins University Last October, soon after Bilal Erdogan ’ s arrival in Bologna, the anonymous Turkish whistleblower known in the media as Fuat Avni, who has

“This is the only government they have seen, they do not know there is another possibility,” he said.

Families are setting up businesses abroad for the next generation to inherit, said Mr. Sirkeci of Regent’s University, adding that many students at his private university fell into that category.

At least 12,000 of Turkey’s millionaires — around 12 percent of the country’s wealthy class — moved their assets out of the country in 2016 and 2017, according to the Global Wealth Migration Review, an annual report produced by AfrAsia Bank.

Most of them moved to Europe or the United Arab Emirates, the report said. Turkey’s largest business center, Istanbul, was listed among the top seven cities worldwide experiencing an exodus of wealthy people.

Spurning Erdogan’s Vision, Turks Leave in Droves, Draining Money and Talent © Ozan Kose/Agence France-Presse — Getty Images Last year, the Turkish economy wobbled and the lira plunged soon after Mr. Erdogan won re-election with even greater powers. “If one looks at any major country collapse in history, it is normally preceded by a migration of wealthy people away from that country,” the report said.

Mr. Erdogan has reviled as traitors businesspeople who have moved their assets abroad as the Turkish economy began to falter.

“Pardon us, we do not forgive,” he warned in a speech at the Foreign Economic Relations Board, a business association in Istanbul in April. “The hands of our nation would be on their collars both in this world and in the afterlife.”

“Behavior like this cannot have a valid explanation,” Mr. Erdogan added.

His comments came amid reports that some of Turkey’s largest companies were divesting in Turkey. Several such companies have made significant transfers of capital abroad, amid fears they would be targeted in the post-coup crackdown or as the economy began to contract.

One is the Turkish food giant Yildiz Holding, which came under fire on social media as being linked to Mr. Gulen’s movement.

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“Billions of dollars have fled Turkey in the last couple of years, especially after the coup attempt when people started to feel threatened,” said Mehmet Gun, the owner of a law firm in Istanbul.

Ms. Bayindir, the designer, began slowly moving her company to London two years ago. In Turkey she had half a dozen workers and a showroom, but now she designs and makes the hats herself out of a rented atelier in London.

“I could have stayed,” in Istanbul, she said. “‘I would be better off.”

But life in Turkey had become so tense, she said, that she fears civil strife or even civil war could develop between Erdogan supporters and their opponents.

“Now when I come here I don’t see the same Istanbul,” she said. “She does not have energy anymore. She looks tired. Me not wanting to come here is a big, big thing, because I am one of those people who is in love with the city itself.”

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Correction: January 3, 2019

This article has been revised to reflect the following correction: An earlier version of this article misidentified the university in the Netherlands where Ilker Birbil took up a position after leaving Turkey. It is Erasmus University Rotterdam, not Utrecht University.

Rare penny found among lunch money change could go for up to $1.7 million at auction.
No need to pinch pennies when it comes to this coin. When Don Lutes Jr. was just 16 years old, he discovered a rare Lincoln penny among his lunch money change inside his Massachusetts high school’s cafeteria back in 1947. The 1943 coin, described as “the most famous error coin in American numismatics,” is one of only about 15 made — and it could be worth a fortune. Copper pennies from that year typically don’t look very different from the coin as it appears today, but it does look different from the ones manufactured in 1943.

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