Watu wa Nairobi Poleni sana kwa kuchagua https://t.co/pR3iWLKyEt do you think of an underground electric train if you can’t collect Garbage? Our Governor has been consuming a lot of cocaine of late and should go to rehab.
Never invest in something unless you are comfortable with the worst possible outcome.
Know your risk tolerance.
Your investments shouldn't cause you to lose sleep.
Also learn to manage your expectations of any investment.
Governance systems in this country are designed to FAIL by allowing leaders to have avenues of LOOTING state resources and creating demigods whose agenda is to grab as much as they can so that during elections they buy you again to vote them! The cycle goes on and on.
Be VIGILANT
President William Ruto needs to undertake Cabinet Reshuffle to reset his Government’s strategy, tone, tenor & engagement both with Kenyans & our foreign friends & adversaries. The most successful governments in History like those of Abraham Lincoln, Napoleon Bonaparte, Otto von Bismarck & Lee Kuan Yew were because of strong leadership coupled with First Class Cabinet that channeled without undermining the President’s overall vision. A transformative President needs Cabinet Ministers who love the Country more than their pockets! Most of the current Cabinet Ministers are focused on making money for self and not for country.
Kenyans and the commercial sex workers known as MPigs, seem to imagine that every problem we have can be solved by legislation. But what does legislation do? It only bears bureaucracy and creates institutions that can be manipulated.
Look at the case for potatoes for instance. Does Government regulate it? Is there a Potato Regulatory Authority in Kenya? Ofcourse not. But the price of chips, and by extent the cost of potatoes have remained relatively stable, as the market isn’t interfered with by Government. The folks who cook chips or bhajia’s know exactly where to get the raw-material and on the flip-side, the potato farmer knows exactly who or where to sell to.
But going to a different industry like coffee or tea, those farmers are perennial sex objects for Government who have imposed nonsensical laws and regulations, barring them from selling their own produce to whomever they want. Imagine this; someone who played no role in planting and harvesting your crop, dictating how you should sell it. Amazing!
And instead of coffee farmers reasoning with logic and calling for the scrapping of the numerous laws and levies imposed upon them, they sanctioned a misguided Taskforce committee to propose redundant ideas, instead of advocating for a blanket deregulation.
For corruption to exist 2 things must be present:
1) A Government: Corruption, like a virus cannot exist outside a host. If all the laws in the land were suspended today corruption would cease to exist. There is no such thing as corruption in a free market. Any corruption that takes place in private sector is motivated by desire to skirt some form of regulation. In a free market you can’t bribe someone to buy your product. Governments are necessary evils. We need them yes but to keep them honest, we must limit their size and scope.
2) Human greed. Greed is a universal human endeavour — It is not specific to Jubilee or Kenya or Nigeria. You cannot do away with greed anymore than you can do away with anger or fear or lust. Human greed is not exclusive to learned or unlearned. Your average PHD professor has the same propensity for greed as a form 4 graduate. No more no less.
So since both requirements for corruption (governments and human greed) are common to almost all nations, why is it we do not find corruption ravaging all countries in equal measure? Because it has to do with the size of the Governments not the people who run them. The bigger more convoluted the structure, the more corruption you get. Corruption is like evaporation. The greater the surface area the greater the evaporation. The more ministries you have the bigger the budget the more departments you have, the greater the financial evaporation.
It’s impossible to create a new law without increasing the demand for corruption. Say for example you create a law that states anyone who murders somebody goes to jail. This is a good and necessary law. But by creating it you automatically create opportunity for a guilty suspect to bribe their way out of trouble and you also create an opportunity for a greedy policeman to extort the innocent suspect.
This is not to say that laws are bad, they are not. But they do have an economic side effect which can lead to chaos if not mitigated. Laws and regulations are necessary, but must be kept to an absolute minimum if they are to produce net positive results.
As Milton Friedman the Nobel prize winning Economist pointed out, countries that have managed to control corruption have only managed to do so by rolling back regulation. The UK, once the most corrupt nation on earth, is a classic case in point: