Does Ndii’s sentiments make him a prophet of doom?

Three weeks ago the business community and the people in Kenya and Eastern Africa were woken up to the sad news that Chase bank and all of its branches in Kenya had gone under. This included Imani Chase bank. The Central bank instruction was that Chase bank has gone under; it had only to be dealt with as a protégé of the receiver but not allowed to carry out its banking services to the public.

It was shocking as most people had a lot of their cash in this bank .The prophets of doom and sadists went up in a song and dance, with their nose in the air looking for someone to bring down to their precipice.

Intellectual skepticals in the likes of Dr. David Ndii already wrung the death knell for Chase bank with their usual leather tongued oracles of bourgeoisie economics of the twentieth century. He often pens these in the op-ed pages of the Saturday Nation that there is no foolish person that can buy the shares of a sinking bank like Chase.

This was so myopic for a trained economist. But good luck, the Kenya Commercial Bank (KCB) decided to fund Chase bank in an effort to resuscitate it, back into business and of course it is going to be restored back.

Kudos and hats off to the management of KCB. Your avuncular spirit is comely and may it be held in high esteem as the corporate value to be benchmarked in Kenya’s day to day civilization towards corporate social responsibility. May God and Allah bless you for your keen sense of empathy with the poor people that would have been economically crushed in the eventuality of Chase bank going under.

My spur in this juncture is against Kenyans posing as intellectuals and economists. Why? Because of their heavyweight pessimism, doom saying and intellectual sadism they openly show when dealing with an economic question in Kenya. They are many in Kenya, but I will show my concern by using Dr. David Ndii for now.

I have read most of his works, especially his tortuous essays in the Saturday Nation. I have not liked him due to his outright negativism. He is an economist without a sense of nationalism. A good economist does not shout recklessly about political and economic failures of his country, nor always contumely the organizations in his country and ever harangue against those in government. They do not shrill loudly of how their ruler ship is going to fail. But instead an economist with a sense of belonging has a moral and intellectual duty to point out solutions to the economic problems of his country and society.

My comments come under the context of Ndii’s hurling of baseless disparagements and discouragements  about the turmoil of Pan African paper mills in Webuye, Mumias sugar company in Kakamega and Chase bank and its branches in Kenya. They were very discouraging, despairing and doom saying. Ndii as an economist needs to know how to apply psychology in his practice of utopian economics and must seriously know why a realistic economist must be guided by a sense of Nationalism the way Adam Smith was guided. Smith wrote that British colonization of Africa is good, an urgent and necessary input into the course of human civilization. Smith wrote this in his discourse and even as well as in the wealth of the nations. Smith went beyond the nationality of his birth; Irish nationalism, to embrace British nationalism so that Ireland as part of Britain can achieve its economic targets. A question; has Ndii gone beyond the obvious sentimentalities in the manner of his discourses, I think the answer is no.