By Donald B. Kipkorir
Kenya Airways must be let to collapse. So, should Mumias Sugar Company and Uchumi Supermarkets. To save them is to throw good money after bad money. Any attempts at trying to save the trio is politics and not economics. The trio have played on our patriotism, but cynically and fraudulently.
Kenya is a capitalist state and not a socialist paradise. As Adam Smith theorized and all others after him, the market forces must be left to play their part. The State can only intervene to save companies that are of public good and there are no alternatives like Kenya Power. But to Kenya Airways, we have Ethiopian Airlines, Etihad, Qatar and soon Delta Airlines.
To Mumias, we don’t need sugar factories or sugar growing in Kenya. Luhyas must be set free from their poverty.We have deluded them with growing sugar cane which only embeds their continued poverty. Let’s import sugar from Brazil.
For Uchumi, Nakumatt, which I really don’t like is there, and there is Chandarana, and soon Carrefour ( I don’t shop in Naivas or Tuskys).
In a true capitalist economy, it is is only the fittest that survive, and that is how nature works. The time is now to hold a requiem mass for KQ, Uchumi and Mumias. In their time, they served us well, but now is the time to bury them. We don’t cry for them.