jerryking + lfsb   3

Did Burnham err in nationalising sugar and rice? –
Sep 07, 2019 |Kaieteur News | by Peeping Tom.

Did Forbes Burnham err when he nationalised the commanding heights of the economy and removed foreign involvement from the local financial sector?.....If Forbes Burnham erred, it means that the socialist experiment pursued by the PNC was ill-conceived. The fundamental basis of the socialist experiment was both national ownership and control of the main pillars of the Guyanese economy, namely sugar and bauxite. If it was an error to nationalise, then the socialist experiment was a colossal mistake........In making a decision as to whether Guyana should have nationalised the commanding heights of the economy, Forbes Burnham must have considered the ability of locals to manage the industries. Did Guyana at the time have the capacity to manage the industries? Was it a blunder by Forbes Burnham to have concluded that we did when we did not? Forbes Burnham was never in doubt as to the ability of Guyanese. ......Ownership of the commanding sectors of the economy had to be complemented by the Guyanese managing these enterprises. Burnham believed this and died believing this.
He cannot ever be described as a visionary if he was wrong on this score, because this was the main plank of his economic policies and his political beliefs.......If today, however, the PNCR wishes to concede that Burnham erred when he nationalised the commanding heights of the economy, it should then ask itself whether in a globalised world, where the managerial demands are greater, Guyanese can effectively manage their own affairs, more so considering oil and gas will be a major contributor to economic growth over the next 40 years.
It is posited that if Burnham erred by overestimating the local capacity to manage the bauxite and sugar industries, then is it safe to say that Guyanese will be unable to cope with an oil economy.
economic_development  economic_stagnation  Guyana  Guyanese  history  ineptitude  LFSB  nationalizations  oil_industry  PNC 
5 weeks ago by jerryking
Singapore reminds us of Burnham and the PNC’s colossal failure
AUGUST 23, 2014 | : Kaieteur News| M. Maxwell.

Guyana and Singapore started at fairly similar points of economic development in the early sixties. Guyana had the advantage of far greater resources and a smaller population base. Today, Singapore is a developed nation and economic powerhouse while Guyana paddles around in the gutter economically.
Singapore  Guyana  PNC  economic_development  economic_stagnation  Lee_Kuan_Yew  LFSB 
march 2015 by jerryking
The PNC when in power did not amend the constitution to protect African Guyanese should it ever lose office - - Georgetown, Guyana
JUNE 25, 2011 | Stabroek News | M. Maxwell.

"Political power in this country is a zero-sum game thanks to the PNC and more pointedly to Forbes Burnham, who replaced a good (not great, but good) constitution with a monstrosity in 1980. ....The PNC had sufficient opportunity from at least 1985 with his demise to before the election of 1992 to implement constitutional and institutional reform that would protect African Guyanese and other minorities in the future following free and fair elections where ethnic voting would put the heavily Indian-supported PPP into power for a long time. ....However, the PNC failed African Guyanese in particular and Guyanese in general. A great opportunity to rewrite the constitution to benefit the minorities of this country of minorities was missed. The presidency continues to destroy this nation. ...Instead of beneficial change to protect its constituency and the Guyanese public in general, some charlatans who sat atop the PNC heap in 1992 ran for the hills leaving the African masses with no constitutional or institutional protection against exactly what they complain of today. It was a classic act of the shallow thinking, missing foresight and ineptitude
Afro-Guyanese  constituencies  constitutions  Guyana  failure  foresight  history  ineptitude  letters_to_the_editor  LFSB  minorities  minority_rights  PNC  zero-sum_games 
september 2014 by jerryking

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