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 […]
Tag Archives: economics
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 […]
FOOD AND BOOZE IN PARLIAMENT
A report on the cost of food for each sitting of Parliament, being $700,000, has triggered a particularly sharp debate about the cost and the alleged supply of alcohol. The Leader of the Opposition, Mr. Bharrat Jagdeo, confessed that he consumes the food. He said: “I eat the food. What do you suggest? I don’t […]
THE $20 BILLION QUESTION FOR GUYANA
On Friday last the New York Times published “The $20 Billion Question for Guyana.” It was a lengthy review of Guyana and the impact that the oil discovery by Exxon and its partners in offshore Guyana is likely to have. Two recent articles by the Wall Street Journal and Foreign Affairs, of world-wide reputation, like […]