Culusow wants more DEBT so he can LOOT

bidenkulaha

GalYare
These African countries are all in a debt trap. You don’t need the gov borrowing money to build power plants and roads. Let private companies with foreign investment do it. No need for sovereign loans
Private companies invest in profitable industries. Building roads, railways, hospitals etc tend to not be profitable compared to real estate. Hence why most of the projects you see in Somalia are building hotels and apartments unless they’re self funded by the citizens of a city that need a road for example. Or foreign funded ‘development projects’.
 

Abaq

VIP
Private companies invest in profitable industries. Building roads, railways, hospitals etc tend to not be profitable compared to real estate. Hence why most of the projects you see in Somalia are building hotels and apartments.
Are you crazy. Hospitals are crazy profitable. And highways can be if done properly. They are simply legalized isbaaro on proper roads. Government led development is the biggest myth

The reason Somalis only build hotels and apartments is because of limited capital. That’s why you need foreign investment
 

bidenkulaha

GalYare
Are you crazy. Hospitals are crazy profitable. And highways can be if done properly. They are simply legalized isbaaro on proper roads. Government led development is the biggest myth

The reason Somalis only build hotels and apartments is because of limited capital. That’s why you need foreign investment
Private hospitals, not public hospitals that offer free of charge. Schools too.

Vast majority of Somali population can’t afford them so the government will have to fund public hospitals to help the poorer population.

Real estate makes money, notice how most foreign direct investment in the U.K. is in housing too and not public services
 

Abaq

VIP
Private hospitals, not public hospitals that offer free of charge. Schools too.

Vast majority of Somali population can’t afford them so the government will have to fund public hospitals to help the poorer population
I’m a free marketer sxb, not a communist. I believe in private capital and trickle down economics. Let aid agencies and charitable organisations provide free healthcare not the government
 

bidenkulaha

GalYare
I’m a free marketer sxb, not a communist. I believe in private capital and trickle down economics. Let aid agencies and charitable organisations provide free healthcare not the government
Free market in a country like Somalia will not get us out of the poverty we’re facing. We need to invest in education, this has to be provided by the state
 

Abaq

VIP
Free market in a country like Somalia will not get us out of the poverty we’re facing. We need to invest in education, this has to be provided by the state
Look at Kenya where the private education system is educating and lifting millions out of poverty where the gov education sector failed. We need private schools, private hospitals etc. That doesn’t mean they have to be expensive, they are usually cheap in poorer areas but way better quality than the gov schools.

A lot of Somalis can actually afford to sell a goat or two every term to educate their kids just like they do in rural Kenya and like our grandparents did for our parents. It’s just modern Somalis have a poverty mindset. You’ll find a man with over 100 goats (which is not a lot) claiming to be poor and asking for handouts.
 

tyrannicalmanager

pseudo-intellectual
GDP means nothing. Today's GDP 80%+ from aid. Adjust for inflation and other things and we are worse off now than we were back then. Somalia was on the same level as North African and Middle East countries in the 80s and achieved de facto food security. In fact many Europeans who visited Somalia were shocked by the level development Somalia had. Everything was kept tight lid from foreigners

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We weren't total reliant on soviet aid either. All the proof is here below.
they've created so much propaganda against MSB to desperately hide that no somali leader after him has lived up to his legacy.
 

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