Current economic model affects economic growth: Kavekotora

18 Apr 2019 18:00pm
WINDHOEK, 18 APR (NAMPA) – Rally for Democracy and Progress secretary general Mike Kavekotora said the discrepancies in the economic model that Government wants to propagate is hindering Namibia’s capacity to attain economic growth and development.
Kavekotora made the remarks on Wednesday during an interview with Nampa, in response to the State of the Nation Address (SONA) by President Hage Geingob.
“The government, in my view, is still confused. When you talk to some ministers they will say they want to see a socialistic economic system in Namibia, others are talking about Namibia being a capitalist system whereas the drivers of the economy is the private sector,” he opined.
The fundamental assumptions of the two systems, he explained, are different as capitalism speaks to an economic system that speaks to private ownership of the means of production and operation for profit, whereas socialism speaks to a political and economic system where the factors of production are owned by the public and attained through a democratically-elected government.
Kavekotora said that he was surprised that Geingob spoke about the attainment of the Vision 2030 goals, stressing that when analysing the National Development Plan objectives, which were created to implement and achieve the aspirations of Vision 2030, it was evident that many of the targets that were set did not materialise.
He therefore recommended to the government to go back to the drawing board to decide on an economic model and apply the appropriate principles in order to meet the country’s economic targets.
“The uncertainty around the current economic model being applied makes it challenging to apply specific principles and enforce relevant structures to attain national economic goals,” he concluded.