Saturday 17 April 2021
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Exposing the biggest Economic Myths of All time

Everybody wants to rule the world and it is time we rule our own by unlocking the secret world of imposed dubious economic rules that are more horrific than communism. Richard Gecko in the movie “Wall Street: Money never Sleeps” said the real criminals are wearing suits and rewarded with bonuses and ascribe to one ordeal – “Privatise the gains and socialize the losses”.
If we don’t take ownership of system reforms, then the world is standing ready to teach us how to do it. Most economic practises are intertwined with systematic and capitalist expectations and we must apply new theories toward aggressive evolutionary thinking for economic reform. Our biggest enemy is the Gregorian calendar, most business are charging us monthly fees and they make gains by the month, they tie everything around the principle of 30 days. It is a colossal myth of market hypnosis because never in history where people bound to this ideology like our generation. Most people would be wealthier if payments were made after 60 days, because you have more time to get other sources of income in 60 days or 90 days. Hence, there are countries that outlaw such exploiting corporations and don’t even allow them in their countries. In Nigeria for example, rent is not a monthly commitment, meaning you are not paying off the risk taken by someone on a bond to put the poor tenants under pressure. Let’s explore other myths.  Bull and bear markets manipulate systems to gain income each flying second, and consumer markets are determined by people on the street. To industrial, the underprivileged need a financial grand that is directed at purchasing machinery beyond 2 million.
City of Windhoek never wish to invest in plant equipment to service plots themselves, whilst they have a huge engineering department that is only sitting on panning and not land servicing. Civil works is part of engineering. Practically property value in small towns is same the property value in big towns. The Odendaal plan discrepancies aggravated the whole situation and the banks are selling us a lame story. They can also be used as collateral because the same banks have branches everywhere and they value their buildings on their papers, they are just playing by rules of fascism. Land is not a commercial product, a house is. The reasoning behind this is that land is free from God with no value added and you cannot carry it around in a pocket, therefore to claim ownership over land you only need a little piece of paper called “title deed.” It should be the easiest commodity to acquire for anyone on the basis of origin.
Absentee farmers add no economic benefit to a piece of land they own. This is called “land banking” and such land accrues less value in actual terms. Local food can be easily included in mainstream retail outlets, and retail outlets can have one shop cheaply available for locals at any mall, without making a loss, because the community can sponsor the building material for it or the labour for it rather. The belt in our region is too tight for local goods for no reason.
Fast food franchises are the brainchild of extreme capitalism, selling western food and barely using African farmers, their franchise costs are based on unregulated binding rules that are discriminatory to locals everywhere.  Did you know that the banking sector has no international regulating body?  They only operate by international best practise procedures; thus, they can rip you off and not go to court. Executives, CEO’s and Ministers are saved because Namibia does not have a financial performance indicator. Meaning those that mismanage funds cannot be ousted on this rule of gross financial mismanagement.  The ACC does not have any systematic blacklisting for people caught with corruption, thus they can re-enter the system without ban from state owned enterprises.
E-wallet fees are not regulated and this is tight to bank self-regulation, they can reap you off if they wish. Clients and the banks can draft inclusive banking laws, banks dictate baking laws alone, whilst clients are the better experts.  Prisoners or convicts can be the best economic labour force, especially for food production and they don’t have to be subject to seclusion only. If our leaders spend a week in prison, they will easily help this reform.  North Korea highly subsidise their military because they don’t necessarily import food worth billions as they encouraged to cultivate their own. They also don’t offer huge tenders on construction bullocks they do it themselves, unlike ours. We don’t need SABS standards, it’s time to check out of SABS and learn to cast out this racial intended system of standards that paralyses the effort of black engineers and Afrocentric products.
The most reckless financial regimes are those that do not have open and free banking or saving invectives for every child born in that country, because by the time a child is 21 they can have non-reversible funds saved since childhood. This can wipe out financial illiteracy and empower African youths. The key driver of South Africa’s economy and Nigeria’s economy is the underpaid and unemployed majority, they are bigger in size with combined purchasing power, there is greater potential to be unlocked in them as opposed to the wealthy 10%. The key consumer of clothing and food staffs in Namibia and south Africa is by the Kazi market and the township people.  Markets are unnecessarily obsessed with upward trends, so even if the trends slips a bit they still make huge income, it is only an indicator of a seasonal performance.
Markets are obsessed with making money and staying afloat, well most of them have recovered their initial investments long time ago and selling product below market value will not hurt a fly.  Namibia consumes a lot of Alcohol and Prohibition will help as the money will be spend on areas where taxes are lower to improve resources for poverty eradication. Finance mismanages levies and sin taxes, they don’t allocate it to areas where people need help, if we get levies from alcohol and cigarettes, they should be used to help people consume less sin taxed products like for example building rehabilitation centres.  The best criteria for earning a high salary must not be qualifications only but your experience throughout the years and good performance in that firm. This will motivate people to love their jobs and willing to learn more about their careers, in order receive good salaries without competing for a top spot.

We don’t face productivity constraints, we face systematic trajectories accustomed with a mantra of “squeeze the margins and raise the gains”, but “happy people make a happy economy.” God bless Namibia.

Rodney Dan-Ao !Hoaeb is a Trade and Investment Researcher Committed to seeing a radical economic shake-up in Namibia.

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