Yea, that snake oil merchant is very conniving.Ni kama wamekuwa na heart to heart na ruto
Hehe you see conniving.... others see leadership and influenceYea, that snake oil merchant is very conniving.
When Biden says bottom up, he explained what he will do: cutting taxes for the low income earners, affordable health care, increasing minimum wage, and forgiving students loan debt. You can see there are no generalities.
I have never seen anyone explain what Ruto wants to achieve using that slogan, except borrowing from saccos- like we have not been doing that from long ago.
I have also never seen anyone explain how our ecomony is top down.
Perhaps anyone can explain?
Ndii explained Bottom Up and I got more confused. Sounded so theoretical.
increasing minimum wage
bottom up here is building a hawker and peasant class .When Biden says bottom up, he explained what he will do: cutting taxes for the low income earners, affordable health care, increasing minimum wage, and forgiving students loan debt. You can see there are no generalities.
I have never seen anyone explain what Ruto wants to achieve using that slogan, except borrowing from saccos- like we have not been doing that from long ago.
I have also never seen anyone explain how our ecomony is top down.
Perhaps anyone can explain?
Spot on.I am no economist, but I know this. ndemo once talked of it.
That if you give people small cash, one thing they think is starting a shop...or buying a motorbike. thats just adding a motor to an existing conveyer, but wealth isnt created like that, we need to be taught that creation of wealth starts with creation of a product. ukiangalia vizuri, even the industries we have in kenya, dont really produce a product from scratch but are just value addition entities, like milk to yoghurt, repackaging imported cooking oil and wheat floor, but, if you need to create wealth create a product from scratch and make sure you sell it outside this economy(game theory). eg. farm pyrethrum, set up an extraction industry for pyrethrin and sell the pyrethrin.
Sasa what will injecting billions in form of loans achieve? Creating products?
It used to be like that, and I don't begrudge an alphabet fossil for thinking like a dinosaur.Spot on.
You don't get rich as a country by trading within yourselves. Or by importing from china.
Wealth is created by producing for export. It's that simple.
What do you understand by the term "producing for export"? It means anything that brings money into our country, from outside.It used to be like that, and I don't begrudge an alphabet fossil for thinking like a dinosaur.
However in the new knowledge economy weath can be created by producing nothing but solutions in the service industry. Think financial services that make Britain and Switzerland trillions. Think ICT. Even think tourism.
So there's a second path.
Solutions are not "nothing". Though invisible and physically untouchable, they have a value, and that value is something.by producing nothing but solutions
Your assertion works only for a closed society without any external influence whatsoever. That natural evolutionary path and order has been distorted by widespread technology transfer and international education and interaction.Agrarian > industrial > service
Bonobos because we are lazy want to jump from Agrarian to service economy which the Russian sanctions has shown is a fake economy.
Unfortunately, before the "widespread technology transfer and international education and interaction" happens, a society will first have to feed itself fully. That's agrarian. It is labour intensive and occupies a majority of the population to feed the society. Over time, mechanization occurs, freeing some labour to take up industrial activities and thus cut imports. At this point, technology transfer may take place and the industrial phase may be swift as compared to the nations of yore.Your assertion works only for a closed society without any external influence whatsoever. That natural evolutionary path and order has been distorted by