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: market control
ABOLISH THE GOLD BOARD
The recent publication of the forensic audit into the Gold Board has raised concerns about its operations. The forensic audit revealed that “poor management of gold in its possession resulted in losses of over $10 billion for the period 2012 to 2014.” The report found that the losses were due to the maintenance of high […]