The deputy president William Ruto has this morning defended his bottom up approach claiming it is the way to go since trickle down economics has failed. The bottom up approach has been criticized by politicians who are allied to Raila Odinga and President Uhuru as something that can not work. They have been saying that the only way to go is trickle down economics.
However on his official Twitter page Deputy President William Ruto has said that trickle down narrative has failed as it created monopolies and patronage which ended up benefiting few people hence creating cartels who control the economy. He said that bottom up approach is an economic model that is seeking to promote investments in the economy that will benefit millions of hustlers and farmers groups in Kenya.
“It is the ECONOMY. Trickle down FAILED for aiding patronage & cronyism, breeding cartels & monopolies that benefits FEW. Bottom up is anchored on DELIBERATELY promoting INVESTMENTS & FINANCIAL INSTRUMENTS targeting the MILLIONS who are unemployed, hustler enterprises/farmer groups.” He wrote.
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