Why inherited wealth goes to waste easily

The grainy videos doing rounds on social media were taken in a popular city club. In them, a portly young man in a white shirt held a wad of fresh banknotes. He dished these out to the delight of excited revellers. Even the security team joined in the scramble for free cash as their benefactor dispensed note after note from a seemingly inexhaustible source. The young man, it is said, is the son of a prominent Kenyan.

A couple of years earlier, the scions of two leading political families were captured shooting cash cannons in the air. Money rained like showers of confetti. Freeloaders had a field day. When the bill for drinks came, it was to the tune of millions of Kenya shillings.