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RE: If I Were A Leader: My entry into the contest hosted by the great community @africaunchained

in #contest6 years ago (edited)

@charm29 very nice stuff. I've got some observations I think I should point out. A criticism of some sort sha.

Sadly, you can't do all of those stuff you mentioned in a democratic government.

Electricity for instance can't be given to everybody when we don't generate enough to go round. You tackle it's generation first.

Secondly, the fixing of price, you can't do that in a capitalist economy, you can only regulate it by setting what is called 'price ceilings' and 'price floors'. The former being the maximum price to sell a product and the latter being the minimum price to sell a product.

You can tackle the price using the national petroleum stations (NNPC) by setting competitive prices.

If you decide to set a minimum price, where these private petroleum station owners would be operating at high marginal cost and low revenue (MR > π) , they can decide to unionize and go on strike which would further cause more fuel scarcity, more queues, consequently a potential inflationary spiral as petrol/fuel is a necessity with inelastic demand.

Except for these drawbacks, you have really nice intentions. I hope for your kind of leader.

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Haha you're right. I was simply talking about what I would like to do . Maybe I need to be a leader with superpowers 😄

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