By the way, Austrian thinkers made me become obsessed with savings, how to incentivise them, how to create a culture that promotes savings etc, this is something we need so badly.
Same. There are no real savings in Nigeria, and so any real (not GDP) growth is illusory. Thankfully, there’s an aspirant in the running who is open to free market ideas. Hopefully he wins
That would be great, if Nigeria adopts the right ideas, it will be a powerful example for the continent. Yes, GDP is farcical, just look at Ethiopia, they have high GDP growth rates yet prosperity does not seem to be increasing as much as you would expect.
The other example is China, but people are not ready for that example. Much of the Chinese miracle is built on a foundation of sand. It will eventually become apparent to everyone.
By the way, Austrian thinkers made me become obsessed with savings, how to incentivise them, how to create a culture that promotes savings etc, this is something we need so badly.
Same. There are no real savings in Nigeria, and so any real (not GDP) growth is illusory. Thankfully, there’s an aspirant in the running who is open to free market ideas. Hopefully he wins
That would be great, if Nigeria adopts the right ideas, it will be a powerful example for the continent. Yes, GDP is farcical, just look at Ethiopia, they have high GDP growth rates yet prosperity does not seem to be increasing as much as you would expect.
The other example is China, but people are not ready for that example. Much of the Chinese miracle is built on a foundation of sand. It will eventually become apparent to everyone.
Don’t know anything about Ethiopia, but, I 100% agree about China.
Fantastic article. Worth reading more than once.
Thank you brother
I'm South African, thanks for writing this🫡