Power of risk

29/06/2012 Babken TUNYAN

“The government will support 11 sectors of the economy, which have more development potential. Unfortunately there are shady parts and abuse of super-influence in the economy, which may endanger the fulfillment of the government’s project,” said the head of the faction on financial and budget affairs Gagik Minasyan. It is clear that Minasyan tried to insure the government from possible failure. However, the factors he has mentioned are not understandable. It is normal that the government’s project contains risks because usually all projects may contain risks. By the way, the risks are set forth separately in the project. It is about external risks that do not depend on the government’s activities and may affect the fulfillment of the project and economic situation. However, the shady economy and abuse of influence in the economy are not external risks. Those are problems that should be targeted by the government. If the participants of the shady economy continue to abuse their power in the economy, it means that those are not risks but a fact that shows that the government is not able to solve those problems. In other words, this shows that the government is failing the project. Let’s bring an example. For example, I am a cooker in a restaurant and I am told to cook a delicious dish that would not taste salty and sharp. However, I tell them that I will cook the dish but it may be either salty or sharp. The owner of the restaurant will simply kick me out of the restaurant. However, it is another issue that the owner’s son may be free to enter the kitchen and throw salt or pepper in dishes to have fun and laugh. That could be an external risk. However, what Minasyan is saying is a different thing. He could simply rephrase what he said and simply say the following: if the government’s project is failed, it means it is failed. It sounds very original though.