The 48 hours detention of some that have an opinion about the strength of the economy and the Lat is an incredible injustice. We all know that to have a strong economy the country has to have strong exports as this supports the demand for the Lat required to buy these manufactured goods.
There are many clear paths towards improving exports and the most obvious are not being used for Latvia. I wrote to the Latvian President some months ago to initiate the obvious that requires the involvement of the Latvian President as it is a method used by Presidents of other small countries assisted by Prof Michael Porter. The President palmed me off to the Ministry of Economy which in turn did not reply regardless that the Latvian President instructed them to. The opportunity lost from Latvia because of the Ministry of Economy's inaction is that one of Australia's largest international business universities along with Professor Michael E Porter of Harvard University in the USA will not be coming to Latvia. A big loss for Latvia so I wrote a second time to the Latvian President and was informed to chase the Ministry of Economy myself.
My objective was twisted by the Presidents Office so they could avoid having to do something.
Along with the loss above went the involvement of medical teachers and medical processes that would improve the health system in Latvia!
6 or so years ago I was aware that the Foreign Investor Council in Latvia did not have a member that was manufacturing in Latvia to export. So I applied to Direct FICIL to attract to Latvia such an investor. But the excuse I was given was the old 'need to speak Russian and Latvian story.' 6 years later they only have a foreign manufacture member that sells to the local economy.
I soon after started Directing the Business Development Lab at the Stockholm School of Economics and during the three years I worked there it was very clear that the Latvian government did not want to invest any money on business development. Regardless that it can be proven that every $1 invested by the government would return over $10 taxable dollars for the Latvian economy.
So if someone can be locked up for saying that they think the Latvian Lat will depreciate then how long should the people be locked up that have the responsibility to do something to strengthen the lat but do nothing? The do nothing policy surely will do more to depreciate the Latvian Lat than the opinions of a few common folk.