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ng'etich.

@KevinNgetich_

Fundi wa code | Observing & maximally producing entropy | Varied interests.

Nairobi, Kenya Katılım Ağustos 2011
574 Takip Edilen337 Takipçiler
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ng'etich.
ng'etich.@KevinNgetich_·
"'Do you want this again and innumerable times again?' would lie on your actions as the heaviest weight! Or how well disposed would you have to become to yourself and to life to long for nothing more fervently than for this ultimate eternal confirmation and seal?"
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ng'etich. retweetledi
Wnxt
Wnxt@JUNX1ONG·
See what the RW'ers are saying about Nyang' Nyong'
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ng'etich.
ng'etich.@KevinNgetich_·
@mabrukix Bwana we need seriouser people - hizi meme campaigns zii😆
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ng'etich.
ng'etich.@KevinNgetich_·
@JuMyKn @StillRaf @BaoBaoAmateur @MusingsofAwe Never denied this. This whole argument was over whether there was a problem that needed managing in the first place. There is. All else is incidental to that. The idea is that the model makes trade-offs like any other, hence my "picking their poison."
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Köke Temür
Köke Temür@BaoBaoAmateur·
@KevinNgetich_ @MusingsofAwe the ccp did many wrong decisions but I believe the housing bubble is not a mistake at all，it served the rapid urbanization process while funded Chinese local governments for 3 decades
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ng'etich.
ng'etich.@KevinNgetich_·
@StillRaf @BaoBaoAmateur @MusingsofAwe Who said anything about collapse? My whole (first) point was that even Chinese economists have to deal with mistakes. However great the state's capacity to soften the blow is, there is still a blow. They acknowledge it themselves, but folks think they're miracle workers?
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ng'etich.
ng'etich.@KevinNgetich_·
@StillRaf @BaoBaoAmateur @MusingsofAwe I agree they aren't there yet - needing jubilee. But even a debt restructure on the worst afflicted means a hit to bank balance sheets -> near-term lending ability. If state bears the brunt, then a hit tax to revenues or otherwise fiscal position via sovereign debt to pay off
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ng'etich.
ng'etich.@KevinNgetich_·
@StillRaf @BaoBaoAmateur @MusingsofAwe Only agree somewhat - since I'm not sure you appreciate the difference in scale. ~$2B is practically pocket change vs. the trillions owed by local governments in China. In the absence of phenomenal growth numbers, this represents a real fiscal risk that can't be 'ideologied' away
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ng'etich.
ng'etich.@KevinNgetich_·
@JuMyKn @StillRaf @BaoBaoAmateur @MusingsofAwe Beyond corporate collapse, & even leaving aside losses to households, it still remains that landsales to real-estate firms, for revs -> debt collateralization for current financing to build out had been the dominant model for decades. So of course there'd be some kind of fallout
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ng'etich.
ng'etich.@KevinNgetich_·
@StillRaf @BaoBaoAmateur @MusingsofAwe Since resources (labor, material, and time) went into massive infra builds, then costs must be borne by someone, somehow. Doesn't really matter that they're "socialist". That's my point. Someone, somewhere, will feel the pinch.
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Rafael 田箬霏
Rafael 田箬霏@StillRaf·
@KevinNgetich_ @BaoBaoAmateur @MusingsofAwe Yes brother, western mind. Has Kenya being liberated? Has your country stopped serving western interests? No. You're trying capitalist argument against a socialist economy, and if you'd understood you'd ask better questions. I even told you the answer, but you reject it.
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ng'etich.
ng'etich.@KevinNgetich_·
@StillRaf @BaoBaoAmateur @MusingsofAwe Western mind? Brother, not even close. But a universe where actions have no consequences does not exist. If it's ultimately decided that the property boom constituted a malinvestment, and this through debt, then even witting off debt to oneself must impact some balance sheet.
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Rafael 田箬霏
Rafael 田箬霏@StillRaf·
@KevinNgetich_ @BaoBaoAmateur @MusingsofAwe The western mind cannot comprehend that China both: own the debt to itself AND has mechanism to discharge the debt with little cost, if needed. All arguments are based in ignoring either one of these.
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ng'etich.
ng'etich.@KevinNgetich_·
@mabrukix Then this should likely also tie in to that other argument that persistent suprlus countries necessarily imply the existence of deficit countries.
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x@mabrukix·
@KevinNgetich_ You're spot on my friend. If you scale this equation globally, global net financial wealth is mathematically zero. Since we don't trade with aliens, equation remains only Govt and private sector. The total of all private sector balances and all governments deficits on Earth = 0
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x@mabrukix·
One important economic equation that isn't understood is sectoral balances Private Domestic Balance +Govt Balance + Foreign Balance = Zero Private sector can only accumulate a surplus to invest in stocks if Govt runs a fiscal deficit or earns export surplus from foreign sector
Justin Bgoni@BgoniJustin

Can the Victoria Falls Stock Exchange (VFEX) Revitalize Zimbabwe’s Economy? fpri.org/article/2026/0… via @FPRI We are starting to get serious consideration on what we are trying to do here

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ng'etich.
ng'etich.@KevinNgetich_·
@BaoBaoAmateur @MusingsofAwe But at what cost? They mostly managed to accelerate devt, but the cost was still borne somewhere. In this case, corporate, household, and local government debt. All under the premise of a perpetually bullish real-estate market. So it seems to me more a matter of picking a poison
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Ambitious Llama🦙
Ambitious Llama🦙@MusingsofAwe·
Once you start studying Chinese economists there is no going back. The Chinese understand structuring & regulating markets to a T. They also understand the aim of markets, improving human well being. Not just number go up. Number go up is a means to the well being.
OptimisticRaidersFan@Optimistic24228

Western economists have low and pitiful standards. Their standards are "make capitalist economics look good" lmao. You get more rigor from an undergraduate writing a life science review paper ⚰️

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ng'etich.
ng'etich.@KevinNgetich_·
Lakini "development only under ideal circumstances" huwa rumors tu. States like Singapore are more exceptions than the rule, and even then, it had been low-key authoritarianism. Everywhere else devt has gone hand in hand with all manner of issues - problem likely lies elsewhere
Januwo@januwoobe

Democracy in lots of Africa is just a facade, not to say democracy doesn't work in Africa but the democracy that does exist is fundamentally flawed. The only countries I can think of that developed through democracy had a strong leader with almost autocratic power that developed a base. Think Lee Kuan Yew in Singapore, Paul Kagame in Rwanda, and Seretse Khama in Botswana. The collective by just itself cannot develop Africa, it'll lead to a revolution sure but then without a clear somebody to actually continue from there it's a moot task. A strong leader empowered by them and who listens to them effectively is needed. The problem so far is the ones who pretend and remain corrupt, I have very little faith in Ibrahim Traore for example.

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Keşfet

@JUNX1ONG @burnainthabelt @blightersort @mabrukix @JuMyKn @StillRaf @BaoBaoAmateur @MusingsofAwe