How Kenya’s grasp of economy-friendly ideologies fails test

During a two-day symposium on Zoom on June 23-24, which included top Sovereign Wealth Fund (SWF) leaders, a Nobel Prize winner in economics, and World Bank officials, participants heard economist Larry Summers lament the current US politics, ideology, and the economy.

A tested historical pattern emerges and concludes that by research, luck, or policy, Democratic Administrations achieve faster US economic growth in the long run- 1.6 times faster than Republicans. Democrats grow private-sector jobs even faster — 2.5 times faster. He should know. President Emeritus of Harvard University and architect of economic policy during the Clinton-Obama eras of US prosperity espouses macroeconomic policy rigour for government — laissez-faire markets at the firm level.