In response to a complaint by Dr. Terrence Campbell that higher wages and salaries by government and foreign companies areattracting workers away from local businesses which cannot compete, Vice President Bharrat Jagdeo responded that “people want the vestiges of socialism still to hang on…” (Dem Waves Jan 9). It appears that the Vice President meant that the plea for the protection sought for local business is tantamount to relying on the ‘vestiges of socialism.’
Tag Archives: economics
SUBTLE AND INVISIBLE – THE DRAINING OF THE SOUTH
Cheddi Jagan railed for decades in hundreds of articles and thousands of speeches at the unfair and exploitative extraction of wealth by the developed industrial countries from the poor South, with an enviable command of facts and figures. In the 1980s he travelled with a chart of figures in the trunk of his car. Whenever […]
ENDING MIS-MANAGEMENT AND CORRUPTION OF STATE-OWNED COMPANIES
When nationalisations of private owned enterprises took place in the 1970s, first bauxite, then sugar, followed by the banks and others, initiated by the PNC government and supported by the Opposition PPP, they were ideologically and politically driven. The ideological considerations were genuine, but there were also other important considerations, such as imposing political and […]
NO NEW TAXES
The public is hardly interested in the details of budgetary explanations and analysis and for many like myself, I find going through figures to be sheer drudgery. But I could not help but feel a sense of elation at the conclusion of the budget speech by the Minister responsible for Finance. As was expected, and […]
A POST-RACIAL FUTURE FOR GUYANA IS WITHIN GRASP
During last week, the Stabroek News published an article (Akola Thompson “Towards a post-racial future” and a letter (Ryhaan Shaw “Little hope of a post-racial future for Guyana any time soon”) on the future of race in Guyana. Race is a difficult issue to discuss because of its complexity and intractability. But a peaceful and […]