Wazua
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Rank: Elder Joined: 7/22/2009 Posts: 7,836
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Rank: Elder Joined: 7/22/2009 Posts: 7,836
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obiero wrote:VituVingiSana wrote:MaichBlack wrote:Capitalism is an economic system where private individuals and businesses own the means of production, such as factories and land, and use them to generate profit. Key characteristics include private property rights, the pursuit of self-interest, competition among businesses, free market price determination, and a limited role for government. In this system, prices are set by the interaction of supply and demand in a free market. Wachana na @Obiero Safaricom is flying higher than KQ  Insatiable greed are the operative words. Safaricom should be an enabler for financial inclusion but what it is doing is the opposite. MPs are already on it. Watch and learn 😂 Familiarize yourself with the whole concept of capitalism. You might need to move to a Communist/socialist country of your choice. Capitalism itakuua!! These ideas of yours are Marxist and Socialist in nature. Private enterprises are not in the business of being "enablers" etc. Their main purpose is to make money! Reduce overheads as much as possible and increase profits as much as possible. To what extent they achieve that is determined by competition and market forces. Everything else private enterprises do ni PR tu. Even CSR is designed to provide more visibility and for marketing purposes in order to bring in even more profits. That is why they put up signs saying "Donated by...", "Built by..." and have full fledged media blitz to cover their CSR. Otherwise they would be very silent about it. You would go to your village and find 10 new state of art classes in your village school in normal school colours and no labels but if you ask the headmaster he tells you they were built courtesy of KQ!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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MaichBlack wrote:obiero wrote:VituVingiSana wrote:MaichBlack wrote:Capitalism is an economic system where private individuals and businesses own the means of production, such as factories and land, and use them to generate profit. Key characteristics include private property rights, the pursuit of self-interest, competition among businesses, free market price determination, and a limited role for government. In this system, prices are set by the interaction of supply and demand in a free market. Wachana na @Obiero Safaricom is flying higher than KQ Insatiable greed are the operative words. Safaricom should be an enabler for financial inclusion but what it is doing is the opposite. MPs are already on it. Watch and learn 😂 Familiarize yourself with the whole concept of capitalism. You might need to move to a Communist/socialist country of your choice. Capitalism itakuua!! These ideas of yours are Marxist and Socialist in nature. Private enterprises are not in the business of being "enablers" etc. Their main purpose is to make money! Reduce overheads as much as possible and increase profits as much as possible. To what extent they achieve that is determined by competition and market forces. Everything else private enterprises ni PR tu. Even CSR is designed to provide more visibility and for marketing purposes in order to bring in even more profits. That is why they put up signs saying "Donated by...", "Built by..." and have full fledged media blitz to cover their CSR. Otherwise they would be very silent about it. You would go to your village and find 10 new state of art classes in your village school in normal school colours and no labels but if you ask the headmaster he tells you they were built courtesy of KQ!!! It is true I have leaning to leftists. I am a proud student of Che Guevara, Fidel Castro, Muammar Gadaffi and Raila Odinga https://youtu.be/VSg0Pph6EvA?si=Gi6MOzeZcyQ8fTpL
KQ ABP 4.26
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Rank: Elder Joined: 7/22/2009 Posts: 7,836
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The trouble with socialism is that eventually you run out of other people's money ~ Margaret Thatcher Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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MaichBlack wrote:The trouble with socialism is that eventually you run out of other people's money ~ Margaret Thatcher Huduma kwa wote 😆
KQ ABP 4.26
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Rank: Veteran Joined: 6/2/2010 Posts: 1,089
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Socialism has its problems and capitalism has its problems. However of the two, one is better for wealth creation. Proven time and time again.
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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My 2 cents wrote:Socialism has its problems and capitalism has its problems. However of the two, one is better for wealth creation. Proven time and time again. True. It's rare to find billionaires in socialist states, and equally rare to find dirt poor persons in socialist nations
KQ ABP 4.26
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Rank: Elder Joined: 7/22/2009 Posts: 7,836
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obiero wrote:My 2 cents wrote:Socialism has its problems and capitalism has its problems. However of the two, one is better for wealth creation. Proven time and time again. True. It's rare to find billionaires in socialist states, and equally rare to find dirt poor persons in socialist nations Classical Socialism breeds a lot of laziness, decline in creativity, self drive, industry etc. It brings the average wealth of a country by a huge margin! There is no socialist country that has ever been an economic success!!! And NO Gaddafi was not a classical Socialist. He was a proponent of the Third International Theory and actually rejected Marxism! Imagine the level of laziness, waste, don't care attitude etc. a huge number of Kenyans exhibit in a Capitalist country. Now imagine it was a Socialist country. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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MaichBlack wrote:obiero wrote:My 2 cents wrote:Socialism has its problems and capitalism has its problems. However of the two, one is better for wealth creation. Proven time and time again. True. It's rare to find billionaires in socialist states, and equally rare to find dirt poor persons in socialist nations Classical Socialism breeds a lot of laziness, decline in creativity, self drive, industry etc. It brings the average wealth of a country by a huge margin! There is no socialist country that has ever been an economic success!!! And NO Gaddafi was not a classical Socialist. He was a proponent of the Third International Theory and actually rejected Marxism! Imagine the level of laziness, waste, don't care attitude etc. a huge number of Kenyans exhibit in a Capitalist country. Now imagine it was a Socialist country. He created that third theory while the world only knows left and right. Jamahiriya state of the masses was clearly leftist despite his denial. Free education, unemployment stipends, government housing etc That's left
KQ ABP 4.26
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Rank: Elder Joined: 7/22/2009 Posts: 7,836
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obiero wrote:MaichBlack wrote:obiero wrote:My 2 cents wrote:Socialism has its problems and capitalism has its problems. However of the two, one is better for wealth creation. Proven time and time again. True. It's rare to find billionaires in socialist states, and equally rare to find dirt poor persons in socialist nations Classical Socialism breeds a lot of laziness, decline in creativity, self drive, industry etc. It brings the average wealth of a country by a huge margin! There is no socialist country that has ever been an economic success!!! And NO Gaddafi was not a classical Socialist. He was a proponent of the Third International Theory and actually rejected Marxism! Imagine the level of laziness, waste, don't care attitude etc. a huge number of Kenyans exhibit in a Capitalist country. Now imagine it was a Socialist country. He created that third theory while the world only knows left and right. Jamahiriya state of the masses was clearly leftist despite his denial. Free education, unemployment stipends, government housing etc That's left A Capitalist country can have social services and protections without becoming socialist. For example without the blatant thievery, Kenya can decide to offer absolutely free education and health care from normal taxes (no targeting of a certain demography) and remain passionately Capitalist. Newyork City is to start offering free bus rides and child care but it is as Capitalist as it comes. Actual the financial/capitalism capital of the world Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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