Political analyst Mutahi Ngunyi has rubbished Deputy President William Ruto's economic model expressing the view that it would be a recipe for disaster if he wins the 2022 General Election.
Speaking on his channel dubbed the 5th Estate, the analyst alluded that the bottom-up model had not achieved a stroke in the past- pointing out to three countries that previously used the model and the eventual outcome.
i) The Soviet Union under the Bolsheviks after the Romanovs were overthrown in the 1900s. They introduced it and failed miserably and this failure would be reversed by Mikhail Gorbachev through the introduction of effective approaches.
ii) The communist revolution in China under Mao Zedong also failed until the country began to embrace different principles under Deng Xiaoping.
iii) Former Tanzanian President Julius Nyerere, following the Arusha declaration of 1967, whereby he likened the Ujamaa principle to the bottom-up economic model which did not succeed.
Ngunyi also claimed that Ruto was misadvised by economist David Ndii, who he claimed, would inadvertently cause his downfall.
Further, he alluded that the DP's camp did not understand the model in itself hence it attracted memes and diminishing jokes over the past week.
"This gentleman (Ndii) does not mean well for Ruto. The DP needs something to handle, to hang his conversations, something to sell to hustlers but he has turned to the wrong guy because he has advised the losing side in every election."
"That's why he has gone, polished and taken an old idea put it out there and DP and his fellows are talking gibberish as they cannot explain it," Ngunyi stated.
The analyst also gave an example of the Marxism–Leninism theory which detailed that the bottom-up approach would only be effective if it comes after the fall of capitalism.
Capitalism is a system whereby private owners manage a country's trade and industry sector for profit.
He compared the model to Raila's principle which involves the 'Made in Kenya' model. He added that Raila's principle symbolised an economy that would be built from the middle class to the outer instead of the bottom-up approach.
"Conceptually the bottom up model is just a big fat lie being told by smooth criminals and incompetent economists, I rest my case," Ngunyi pointed out.
The model has been a subject of discussion over the past week especially after Kandara MP Alice Wahome's 'bottom-down' slip-up became a subject of intense scrutiny.
This resorted the DP to take to his social platforms in order to explain what the model entails.
“Bottom-up is anchored on deliberately promoting investment and financial instruments targeting the millions who are unemployed, hustler enterprises, and the farmer groups," Ruto stated.
