- We must accord the requisite economic space for both old and young innovators to thrive and hence allow their ideas to diffuse throughout our economy.
The deputy president overlooks the point that command-and-control economics is itself “top-down economics.” Government mandates, subsidies, and regulation are all examples of Government trying to direct the economy from above. There is not a thing “bottom-up” about a government colluding with tenderpreneurs, big business and financial institutions to create a false crony capitalist prosperity for the well-connected, rent-seeking class. As has unfortunately become accepted nomenclature in our society today; “It is who you know!”, that determines how far ahead you will advance in your endeavors.
What’s more, the DP can offer no convincing examples of where his philosophy has actually worked. He often mentions handcarts, wheelbarrows, hustlers and ‘sufferahs’, but those examples provide an indigent road map for 2022 Kenya.
And does the DP not really acknowledge how Kenya’s turn toward more free-market policies and common sense tax rates during H.E President Kibaki’s tenure reversed what many in the 1990s thought was an irreversible economic decline. I mean, there’s a reason Kenya isn’t Tanzania or Uganda.
Kenya’s future potential and prosperity depends on it being an innovation state, not a welfare state or a consumer spending state. And that means rewarding innovators and entrepreneurs, NOT tenderpreneurs, bureaucrats, sycophants and rent seekers. We must accord the requisite economic space for both old and young innovators to thrive and hence allow their ideas to diffuse throughout our economy.
That’s the real version of bottom-up economics.