Market Forces Will Make Minced Meat Of Ruto’s Cabinet List Unless We Have Radical Changes

By Steve Biko / Published September 30, 2022 | 11:46 am




KEY POINTS

Kenya is an agrarian economy, and we have for decades refused to invest heavily into agriculture, manufacturing, production, and agro-processing that we look like a country stuck in the 18th Century.

We have the opportunity and the potential, but our Achilles is the leadership or rather the political class.


Kenya

KEY TAKEAWAYS


You cannot aspire to lead the poor into prosperity by condemning the rich into adversity. You cannot strengthen the weak by weakening the strong.

Achieving collective prosperity goal through the bottom-up economic model without proper firewalls against its ills is like sitting on that wheelbarrow and trying to lift yourself up by the handles.


Njau Kihia said this during the just concluded hotly contested elections in Kenya. That there is no nation or state that enjoys economic takeoff by inciting class hatred.

You cannot aspire to lead the poor into prosperity by condemning the rich into adversity. You cannot strengthen the weak by weakening the strong.

Achieving collective prosperity goal through the bottom-up economic model without proper firewalls against its ills is like sitting on that wheelbarrow and trying to lift yourself up by the handles.

The side he was supporting won the election and now is in charge of our country. It is time to focus and work. Like never before BUT the question is, will this be possible?

Kenya is an agrarian economy, and we have for decades refused to invest heavily into agriculture, manufacturing, production, and agro-processing that we look like a country stuck in the 18th Century. We have the opportunity and the potential, but our Achilles is the leadership or rather the political class. Occasionally we show our brilliance and then it is shut down.

Now that politics is behind us and we can now look forward, we are one country under one leadership. Our political affiliations do not matter. We will suffer as one, enjoy as one, and cry as one because unfortunately, the political class hates us with a passion, and everything has been designed for them and them alone.

Looking at the Cabinet Nominee List, I have no hopes and expectations because what we need are radical changes and persons of integrity to manage our country and fix the problems that are now threatening to swallow us alive. We need a serious political will that will put the interests of the country and the people first. Can we get this? It does not matter if David Ndii is in charge of Prof Ndungu. If we do not get the right political will and we do not respect the law and adhere to it and strictly reduce spending by the government, then all is hot air.

Truth is, reducing the cost of living is a pipe dream. Reducing the cost of production is a mirage if we are not honest with ourselves and agree that we need radical and surgical economic solutions to give our economy any hope. Our economy is a market-oriented one and if we tweak this to make it a commanding market, then that will kill markets completely. Prices must be dictated by market forces and not the political interests of those in charge.

Related Content: List of “New” Cabinet Secretaries Announced by Uhuru Kenyatta

Markets forces are going to be the hardest headache for this administration. Irrespective of the choice for CS for Treasury and Trade. These forces are:

  1. Opportunity Cost
  2. Demand & Supply
  3. Elasticity Of Demand & Supply
  4. Scarcity & Choice
  5. Cost of Energy
  6. Cost of Credit
  7. The Market Regulatory environment
  8. Payment of local and foreign debts
  9. The Forex Environment
  10. Food Security Status

The KEY Ministries that will make or break the Country in economic terms are:

Ministries

  1. Treasury & Planning
  2. Agriculture
  3. Interior
  4. Energy & Petroleum
  5. Trade & Industry
  6. Transport & Infrastructure
  7. Health
  8. Education
  9. The AG’s office

These nine will directly affect all of us with great impact because they will determine the cost of living and the level of quality of our living standard. This will be felt directly by everyone. No amount of PR will cover the truth.

Related Content: Here Is President William Ruto’s New Full Cabinet

The following issues will push market forces to the breaking limit:

Market Forces

  1. Cost of Energy
  2. Cost of Fuel ⛽️
  3. Cost of farm Inputs
  4. Cost of Healthcare
  5. Cost of Living
  6. Cost of Living
  7. Cost of Corruption
  8. Cost of Transportation
  9. Cost of fines levied against the government

They will catalyze the market’s issues to a point that if we are not careful then these issues will stop being economic & become political. We need the leadership to be honest and to be humble because they are now leading the whole country. Throwing shade here and there and targeting the opposition will only do more damage. Governing the country won’t be easy given the 7M Kenyans voted for the other side. Humility, wisdom, and deliberate positive acts of endearment to all Kenyans are needed now more than ever. Truth is, this administration will not be able to govern if they continue throwing shade and humiliating the other side, and picking characters of questionable integrity to be in charge of our resources.

My advice to all of us, whether Kenya Kwanza or Azimio is:

  1. Save the Little you can because emergencies do not care about your political affiliation
  2. Invest the little you can as much as you can
  3. Budget for every coin because they come easy
  4. Have discipline on the above
  5. Sacrifice if you can now, for a better tomorrow.

Related Content: Sales: The Lifeforce Of Every Entrepreneurial Business






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