While saying the government should keep off the bandit economy while only providing the right environment. This is a shit cliche that is peddling by Anglo-American trained kenyans…not a week go without the cliche on media. Too much brain washing of masses. This kenyan model is not working…and will take long to bring home a tangible result.
On the contrary Singapore, like China has grown due to numerous input from SOEs.
“The economy of Singapore is dominated by government-linked corporations that produce as much as sixty percent of the country’s GDP. Notable government-linked corporations include Singapore airlines, Singapore telecommunications, DBS bank and real estate company capitaland.”
@vanadium these are the questions you should be asking.
Are you suggesting that we should grow on the back of Kenya Airways, Telkom Kenya and National Bank? Are you Irony impaired? I would add a real estate company but Uhuru and Arap Mashamba got that shit on lockdown!
I agree with you to some point. If corruption wasn’t that massive in GoK, then government-run businesses will be a very good idea. Ideally, it will reduce the current PAYE taxes which are currently among the highest in the world as the government will be having a monopoly on some businesses. But then again, some Africans have an insatiable appetite for quick riches.
Singapore population has grown 3x and Kenya’s has done 5x since 1963. Not a good reason.
The symptoms from kenyan failed state is a government which os always crying out to foreigners to come and invest in basic things while literary every kenyan runs an mpesa shop and intends to open a mall when they have saved enough.
You need to get your head out of your ass old man. How can you say that corruption is exaggerated in Kenya when the president helplessly asked what we want him to do and on another occasion he said that the country is full of thieves?
"Kenya has once again been ranked among the most corrupt countries in the world, with the newest Transparency International (TI) report ranking it at position 139 out of 168 countries.
According to the 2015 Corruption Perception Index released by TI on Wednesday, Kenya retained the same score, 25 points of a possible 100, it had in 2014."
dont mention Singapore bana… Kenya is not even close to SA, Egypt or Morocco…youve jumped to Singapore?? but the idea of government-linked businesses is a bright one for GDP expansion, infrastructural development and job creation…the only barrier would be corruption
I will be the first to offer an idea…how do we fight corruption?
put in place stiff punitive laws that would make corruption so bad to engage as in hard drugs in the Asian countries. privatize every aspect of all social economical factors, where profit minds are in play corruption is an alien…many more