One way of reading the AKPโs progress is as a two-step process of privatization. In its first two terms, the AKP government privatized a large portion of Turkeyโs state assets; since then, it has moved to make the state itself the private property of one man and his friends. The first phaseโโโstandard neoliberalismโโโwon the AKP applause from the Western establishment, which is now aghast at the second phase, which looks more like Putin than Thatcher.ย