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{
    "id": 837768,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/837768/?format=api",
    "text_counter": 399,
    "type": "speech",
    "speaker_name": "Kiharu, JP",
    "speaker_title": "Hon. Ndindi Nyoro",
    "speaker": {
        "id": 13370,
        "legal_name": "Samson Ndindi Nyoro",
        "slug": "samson-ndindi-nyoro"
    },
    "content": "Even as I wind up because I have listened to so many Members, we are in a generation where previously we have been told about free trade, free markets and big economies, which are a creation of those two. Clearly it is true that the USA, UK and other big countries especially the western countries came from feudalism generated from mercantilist economies and then they became competitive market. I am sure that is how they grew. But the challenges were wider. The 21st Century fastest growing economy in the world is China. China is not liberal. Therefore, it is an irony and a paradox that yes we espouse and praise what was there in the 19th and 20th centuries that open up markets and economies to grow; on the basis of opening up entrepreneurship, as it was in feudalism, to any other person. Therefore we get the brainy people in the cream of society not on the basis of their names but the theory now is being confronted by countries like China and Russia which have nothing to do with liberalism. In fact, China is an absolutist state, yet it is the most growing country in the world. This is a paradox even to economists. I think we will be going back to the drawing board to see if countries which help their entrepreneurs, like it happens in China, have their goods becoming more competitive pricewise. What do you call that? It is some form of tariff. We are in a generation where Uncle Sam is becoming more protectionists. You saw yesterday the USA President threw away NAFTA, a trade agreement between the USA, Mexico and Canada, for more protectionist measures. We have seen the same Uncle Sam eloquently pursue a trade war with China. We are going back to retrogressive tariffs and I am sure we are learning as an economy and as a people so that we can continue building a better and more competitive Kenya for the current world and the world to come. Hon. Temporary Deputy Speaker, I thank you very much. The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}