Nairaland Forum

i said they are creating wealth for themselves, they will eventually strangle the nation economically.
they are diverting the nation's wealth for the purpose of capitalism. this is how it started in america after the civil war before it was checked and all illegitimate wealth were legitimised, so it can be accounted for in the economy.


why are banks failing in europe? they are not failing but the funds are been diverted from the public to private hands. hence they cry for bail out.
uk in the last three years diverted almost 200b pounds to the private sector, and the same in america.

we are talking of a political system now.
the system in america is capitalism +democracy, uk is monachy+ aritocracy+democracy, europe is the church and democracy, russia i'll say kgb+democracy.
tell me how they will not have continuity of governance.

there must be a binding center which is lacking, wealth.
if the group has enough money, they need not steal and members would not be hungry. then everyone conform to regulation.
welcome to capitalism.

If OBj had substantially advanced work or completed Olokola FTZ it would have seriously changed my perception about him because that project would have created another mini lagos between Ondo and Ogun.

we are learning from you guys

ok

Katsumoto:

A man only has principles when he is not hungry. With regards to your comment about the queen accepting a prime minister's proposal to form a government; that is all window dressing. A PM will propose to form a government based on an election. Second, does the president of the US asks a queen or king before forming a government? That it obtains in one place doesn't mean it must obtain in another place.

OBJ and PDP didn't create a capitalistic model, what they created is a 'donate to me and I will give you a monopoly' model. Creating a capitalistic system requires providing infrastructure and leveling the playing field. Instead in Nigeria, you have Otedola controlling Diesel, Dangote controlling Sugar, cement, and rice. IBB is not a businessman but a GREAT looter. In economics, there are no perfect markets but many developed nations try to have markets closer to perfection but sadly, Nigeria is extremely far from a perfect market.

In over 12 years, PDP has nothing to show with regards to infrastructure in Nigeria. Power is lacking, roads and airplanes are death traps, hospitals are non-existent; governors, ministers, senators, reps are looting the nation dry while not having the vision to lead and govern. PDP is a gang of hell-bound looters. They have no vision, are grossly incompetent and corrupt. They seek legal power using illegal means but with an ineffective police force and judiciary, who can check them?

Katsumoto:
As it turns out, you are just a PDP apologist.

i didnt even register in the lastelection, so i didnt vote.
im just an enthusiat, im trying to understand the black mans problem and solution.

check europe burning now, its massive fraud.
they moved over 500b euros from the public sector to the private sector, whats the difference now in nigeria.
it can be explained financially but in naija its fraud.
we need to understand the system first (problem) before we can find a solution to it.
we can establish what PDP is doing, then we work against it.
we can conclude now we have oligarchy and not democracy, how i'll explain pdp.

what do they have in europe then/