
Peter, that's tough one, I should say. The lack of legal mechanisms controlling foreign investors or EPZs and BPO, the more exploitation of the common person will be. The same can be said of the monopolies. If they tend to monopolize everything, then the economy starts crumbling. Perhaps being used to monopolies made us not get prepared for the change of things around. My thinking... On 26/01/2011, Peter Osotsi <peter.osotsi@gmail.com> wrote:
And some of us talking about demand and supply market forces, they only work in perfect markets, not imperfect markets like Kenya.
The Kenyan economy doesn't show phenomenon described in economics books, rather, she has to be stimulated. She doesn't even respond to global shocks like other economies. We are still a "manual" economy where everything has to be done by hand - including stimulating the money markets.
So the bullshit about market forces is nonsense as this applies only in perfectly competitive markets. Kenya is not one such marketplace.
Peter
On Wed, Jan 26, 2011 at 11:13 AM, milele forever <milele.forever@gmail.com>wrote:
The gova should keep off, let market forces work. And nobody will close shop but super profits will be wipped out which the worst that will happen. There will still be money to be made perhaps shared out more evenly.
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