ETHIOCRACY, Ethiopia’s Socially Responsible Market Economy (By Abate Kassa) – Satenaw: Ethiopian News & Breaking News: Your right to know! - News Summed Up

ETHIOCRACY, Ethiopia’s Socially Responsible Market Economy (By Abate Kassa) – Satenaw: Ethiopian News & Breaking News: Your right to know!


Plainly stated, there is no substitute for capital; it is the driving force of economic development. In sum, socialism needs capital and lacks a theory of incentives; capitalism needs the state and lacks a theory of social responsibility. It is the alternative to TPLF/EPRDF’s revolutionary democracy and developmental state policy which is undemocratic and inappropriate for the tribal-based political economy. Unlike religion, in the political economy of Ethiocracy, ideas are always in flux and there is no place for doctrinaire ideology. What Ethiopia needs is leaders that measure up to her people’s greatness.


Source: Ethiopian News September 17, 2018 21:00 UTC



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