By Barış Soydan
February 11, 2019
It is impossible to understand the electoral successes so far of Recep Tayyip Erdoğan, the undisputed leader of Turkey since 2003, without taking the spectacular growth of consumerism in the country into consideration. Notwithstanding the fact that the neoliberal economic policies of the ruling Justice and Development Party (AKP) have disproportionately benefited the wealthiest in Turkish society, low-income earners have also benefited from the economic growth of the last sixteen years. Yet this growth has to a large extent relied on the quantitative easing program of the U.S. Federal Reserve. The end of quantitative easing will be consequential for Erdoğan and his party. Erdoğan is not going to be able to retain the same level of support that he has enjoyed among low-income earners. Get ready for substantial drops in AKP votes in the municipal elections in March.
The Turkey Analyst is a publication of the Central Asia-Caucasus Institute & Silk Road Studies Joint Center, designed to bring authoritative analysis and news on the rapidly developing domestic and foreign policy issues in Turkey. It includes topical analysis, as well as a summary of the Turkish media debate.