Thread by @WehliyeMohamed

1. You build a railway costing Ksh 500b.
2. You borrow the money from a Chinese bank.
3. You give the contract to a Chinese company.
4. The Chinese Bank pays the company in China.
5. The Chinese Co. brings everything needed to build the railway from China. Including labour

6. When it is time to pay the debt, you collect taxes from Wanjiku in Nyathuna (who never sold cement, steel or even food to the Chinese) and pay the Chinese.
7. The Chinese money stayed in China. The tax money also goes to China. China has the 500b it gave you plus more!

8. Because u have to pay more money to the Chinese every other year, you tax Wanjiku in Nyathuna even more.
9. Wanjiku sees nice roads and railway but has zero money in her pocket & there is nothing the roads or the railway can do to earn her enough money (after tax) to survive

9. Then some folks from the same administration tell Wanjiku- Hey, top down ain't working. We will do it the other way round. Blaming economic theories that have not even been put into practice.

10. If you borrowed the Ksh 500b and bought goods and services from Kenyans, benefits would have trickled down. But that didn't happen.

11. So those telling us top-down hasn't worked and bottom-up will work - are being economical with the truth.

12. Govts everywhere have used big infrastructure projects to stimulate their economies & that has worked. Jubilee didn't do that. They borrowed from the Chinese, the Chinese money didn't even come in & they are taking out our own money to pay the Chinese. That is Toivonomics!