Tag Archives: Toyota S

19Oct/26

Why Zambia National Budget Needs Local Accounting

You Can’t Share Poverty: Reconciling Fiscal Discipline with Local Empowerment in Emerging Economies

Mon Oct. 19, 2026 /Mpelembe Media/ — Hakainde Hichilema’s political memoir and reform playbook, You Can’t Share Poverty: The Choices That Shape a Nation’s Future, sets forth a structural growth doctrine that redefines the social contract in developing nations. The foundational premise argues that state-driven wealth redistribution in low-income or heavily indebted economies serves merely to socialize scarcity and dilute existing capital without building productive capacity. Sustainable poverty reduction and employment creation cannot be achieved through consumption subsidies or state patronage, but require expanding national output (GDP) by attracting foreign direct investment, expanding the industrial tax base, and establishing predictable regulatory frameworks where the state acts as a facilitator rather than a controller of commercial enterprise.
Continue reading →