Deputy President William Ruto has once again defended his bottom-up economic approach, saying that the trickle down approach failed because it bred cartels.
Through his social media handles @Williamsruto, he stated, '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.'
Ruto's Bottom up economic model is meant to address vicious cycle of poverty at the bottom of economic pyramid which has always been characterized by low income,low savings,lack of capital & low productivity since 1963.
Many kenyans have different ideologies on the economic approaches. Some argue that the contest is framed. Through the bottom-up economic set-up DP Ruto wants to develop an economy which works for all and create working families amongst the low-earning people.But, through the trickle-down economic structure, Former Prime Minister Raila Odinga will retain an economy which works for a few people but is beneficial to the society at large.
Will DP William Ruto's bottom-up approach economic model work in Kenya?
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