Nipate
Forum => Kenya Discussion => Topic started by: RV Pundit on February 11, 2022, 10:00:54 AM
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At least Jubilee regime got the railway back on track - Kibaki biggest failure was to hand over the railway to south african farmer.
https://www.businessdailyafrica.com/bd/economy/kenya-railways-buys-seven-passenger-trains-for-nairobi-kisumu-3712438
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White elephant.
Definition of Boondoggle: "waste money or time on unnecessary or questionable projects."
"the only guarantees are higher taxes"
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How much money does Nairobi-Kisumu highway makes kenya gov? Nothing. As long as the railway became operational self sustaining I dont see it as loss. KQ is now white elephant - because clearly nobody will miss KQ and it serve no purpose.
White elephant.
Definition of Boondoggle: "waste money or time on unnecessary or questionable projects."
"the only guarantees are higher taxes"
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How much money does Nairobi-Kisumu highway makes kenya gov? Nothing. As long as the railway became operational self sustaining I dont see it as loss. KQ is now white elephant - because clearly nobody will miss KQ and it serve no purpose.
In economics, Hail Marys' don't work my fren. You have to be competitive.
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Public versus Private Economy
Public Sector Private Sector
This sector is controlled and managed by the government.
This sector is owned by a private individual.
The purpose of the public sector is not just to earn profits.
Activities in the private sector are guided by the motive to earn profits.
This sector focuses on serving the general people of the country i.e. public welfare.
This sector focuses on constructing a brand image.
Capital is obtained by public revenue such as taxes, bonds, other duties and many more.
Capital can be obtained by issuing shares or loans in this sector.
Extremely secured employment by parameters of merit, progress or term of working.
This doesn’t ensure security of employment, totally based on merit and production output.
Highly secured job, multiple retirement facilities etc.
It doesn’t give any retirement benefit or allowances.
Jobs under this sector: Railways, Post office, Armed forces, Education etc.
Jobs under this sector: Tata Iron and Steel Company Limited, Reliance, IT sector etc.
In economics, Hail Marys' don't work my fren. You have to be competitive.
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Public versus Private Economy
Public Sector Private Sector
This sector is controlled and managed by the government.
This sector is owned by a private individual.
The purpose of the public sector is not just to earn profits.
Activities in the private sector are guided by the motive to earn profits.
This sector focuses on serving the general people of the country i.e. public welfare.
This sector focuses on constructing a brand image.
Capital is obtained by public revenue such as taxes, bonds, other duties and many more.
Capital can be obtained by issuing shares or loans in this sector.
Extremely secured employment by parameters of merit, progress or term of working.
This doesn’t ensure security of employment, totally based on merit and production output.
Highly secured job, multiple retirement facilities etc.
It doesn’t give any retirement benefit or allowances.
Jobs under this sector: Railways, Post office, Armed forces, Education etc.
Jobs under this sector: Tata Iron and Steel Company Limited, Reliance, IT sector etc.
My fren any economic activity shorn of competition and profit motive ALWAYS fails. Consumers, the free market should provide the discipline. Economics 101
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Of course it would be nice if we run everything with profit mind but that will generate inequality as few become rich;
That my friend is problem of capitalism.
No system is perfect
Consensus - run the public sector with socialism- and run the private sector with capitalism - run away from communism
My fren any economic activity shorn of competition and profit motive ALWAYS fails. Consumers, the free market should provide the discipline. Economics 101