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Economist.com
Source: Economist.com

As we survey the troubling financial times, it is interesting how we have really become a ‘global village’. The free market concept which has been hatched by the First World to keep the rest feeding at the trough may have backfired to become a monster. The meltdown in the US financial market which has leaked into global markets has vividly demonstrated the interwoven nature of how world economies have become.

As sensible individuals before we make decisions we calculate the discernible risk, businesses do the same to ensure goals are achieved by anticipating pitfalls. If we were to apply this simple principle to the free market concept foisted on us by the First World, the principle has been conveniently set aside. How can we explain the unbridle forces currently at play in the United States and other markets which has precipitated economic pandemonium in the world’s economies.

Are we to understand that the First World initiative we know as globalisation maybe the catalyst for the financial meltdown in the US and ushered in a world recession?

It is against this background that the fight by President Bharrat Jagdeo of Guyana, against the odds, to procure a CARIFORUM EU EPA goods only agreement bears scrutiny. The time has come for developing world states to engage in counter-measures. The idea of developing countries leveraging their resources is nothing new. The motivation for such a union would definitely not be based on greed and superiority.

More and more in recent weeks we have been hearing proponents of the concept of decoupling making noises. If the developing world needed a catalyst to act, they have it!


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4 responses to “The Hour Of Decision Has Come For Regional Leaders”


  1. We in PDC have long been railing against many of the adverse effects of Westernism and Eurocentrism on our country, the region and many other parts of the world. Our fight against these ideologies and their practical effects WILL NO DOUBT be carried forward into the forseeable future.

    Also, what is very disturbing is that the DLP and the BLP are among the biggest exponents of Westernism and Eurocentrism in Barbados, and therefore are a couple wretched political organizations that we and many other people in Barbados will have to continue fighting in this fair land, as we continue fighting against those and other kinds of social and intellectual virulence. For, it is the DLP and BLP – when in government or NOT – that continue to profoundly help make our country more and more westernized and Eurocentric and to its great net disadvantage.

    Moreover, it is these two archaic and backward political parties as well as many elitist led private sector groupings that are ultimately responsible for many US and European multinational corporations that – with their Western and Eurocentric world views – and that with their are extremely avowedly imperialist, neo-colonialist, capitalist and political economic thoughts, customs and practices – come to Barbados and continue massively politically exploiting our masses and middle classes through, et al, the use of any financial, consumeristic, materialistic, psychological means at their disposal.

    Case in point, Cable and Wireless, which for years has been massively politically exploiting the masses and middle classes of people in Barbados, via financial, telecommunication and other means. And check who, among others, years ago used to legally represent them in telephone rate hearings of the Public Utilities Board – the precursor to the Fair Trading Commission – the late Sir Harold Bernard St. John, ex-BLP prime minister and parliamentary representative for Christ Church East Central and Christ Church South Constituencies in the House of Assembly!! Huh?

    Now, we in PDC and so many others in Barbados are hearing and reading how the same Cable and Wireless is about to close down its contact centre in Barbados, thereby putting out of work some 80 plus workers!!

    But, what is most disturbing about this case is that you have at least one news paper report of the Barbados Workers Union representative, Deputy General Secretary, Mr. Robert Morris, responding in a very oblique manner to this Cable and Wireless issue that: “ANY EMPLOYER WHO COMES TO BARBADOS AND FLOUTS DECENT LABOUR PRACTICES WILL HAVE A FIGHT ON THEIR HANDS” Daily Nation, Wednesday, October 8, 2008.

    Could any reasonable person imagine that Mr. Morris is the same trade unionist, political leader and historian person who so strongly believes in the work system/culture – a most inhuman, degrading and exploitative feature of human existence, and which centuries ago would long have been evolved by the old master classes in the same Europe to oppress and subjugate millions of their own underclasses, and that would have been evolved by many of them in this Western part of the world to dehumanize millions and millions more, upon the ending of the period of colonial enslavement in this said part of the world? What could really be so decent about the work system/culture, even in Barbados?

    Could any one imagine that this is the same trade union negotiator, same worker of the BWU, same so-called DLP bigwig that has yet so far failed miserably to help resolve the Royal Shop/Sandy Lane impasses, which altogether saw the dismissal of a total of 30 workers by those two companies in February of this year? Getting into a bigger fight with inadequate political support?

    So, rather than help come up with a newer form human activity in Barbados that allows for workers to become partners in certain extant and newly created enterprises; that allows for these enterprises to become partnerships; that allows for these would be partners to part-own these enterprises and to be remunerated in profits and to have great say in the direction in which these partnership enterprises are heading and access to all types of information, Mr. Morris seeks to help greater entrench Cable and Wireless, and by extension Western and Eurocentrism in Barbados. What a joke!!

    PDC


  2. If the region would seriously come together and stop the theatrics, we would be a force to reccond with. Each leader in the region wants to do their own thing and that can’t work, that’s why the first world countries are feeling out the weaklyns are dangling bait in their faces and they are selling out the region. We still have this mendicant mentality. The result will be that the entire region will very soon be re-colonised by these big fish. the whole atmosphere in the region will change, we will again become employees of the big establishments of the USA and EU


  3. Scout, my friend, we humans each put ourselves first and money is the goal. It’s going to be that way no matter what ‘system’ is in place.

    The only thing we can try to do is to oust the unscrupulous ones AND IN THE MEANTIME each person has to see about keeping their head above water… and stop being a Pollyanna.

    Sad, but this is the reality.


  4. The opening remarks, posited this question:

    “How can we explain the unbridled ‘forces’ currently at play in the United States and other markets which has precipitated economic pandemonium in the world economies.”

    “Are we to understand that the First World Initiative we know as ‘globalisation’ maybe the catalyst for the financial meltdown in the US and ushered in a world recession.”

    The answer to these probing questions, as I alluded to in another thread, is, YES, and there is absolutely nothing, I repeat nothing that any one can do to stop its relentless, evil, sinister march to the formation of ‘One World Government’ in effect ‘The Rise of Antichrist’ all prophesied in God’s Word, the Bible.

    Even the most powerful nation in the world, the United States is not exempt from its tentacles, as the world is now witnessing in the ‘economic’ meltdown of this vast economy, which is just the ‘tip’ of the iceberg, as it continues to unfold day by day, as Jesus said it would be in these ‘End-times’

    “And there will be signs in the sun, in the moon, and in the stars; and on earth, DISTRESS AMONG NATIONS, with perplexity, the sea and the waves roaring; men’s hearts FAILING them from FEAR and the expectation of these things which are coming on the earth, for the powers of heaven will be shaken. Then they will see the Son of Man (The Lord Jesus Christ) coming in the clouds with power and glory. Now when these things begin to happen, look up and lift up your heads, because your redemption draws near.” (Luke 21: 25-28) emphasis added.

    To those of you, who for whatever reason(s) don’t want to hear from God’s Word, will miss the entire world economic meltdown reality, and numerous other factors that are all part of this ‘End time’ scenario that cannot be avoided.

    ‘The Globalist Economic Agenda’ as Grant Jeffrey states in “Surveillance Society, The Rise of Antichrist”

    “When President Clinton signed the General Agreement on Trade and Tariffs (GATT), he transfered significant control of the American economy away from the US Congress and into the hands of the new 117-nation World Trade Organization (WTO). The WTO was created at the conclusion of the Uruguay round of negotiations to replace GATT with a NEW GLOBAL ECONOMIC ORDER.”

    “However, under the new rules of the WTO, America must follow the trade rules imposed by the World Trade Organization. If the United States violates these rules in the future unilaterally using trade sanctions, then the WTO will automatically impose trade sanctions on American exports.”

    This is no joking matter, as, “Sir James Goldsmith, a recently deceased billionaire, also warned that global free trade, furthered by GATT and the WTO, will be responsible for ‘THE WHOLSALE DESTRUCTION OF AGARIAN COMMUNITIES IN THE THIRD WORLD, with millions of peasents displaced by untensive modern farming methods and then jammed into megaslums.”

    Jeffrey then goes on to correctly point out:

    “In the future, each nation, including the United States, the United Kingdom, and Canada, will be FORCED to obey the rulings of the resolution panels of the WTO even if these require massive changes in the existing federal, state, or provincial laws. the WTO represents an unprecedented GLOBALIST attack on our government’s sovereign control over our own economy and business. The GATT treaty that created the WTO is so complicated that the document covers literally thousands of pages of text! Incredibly, only one single US senator even bothered to read through this complicated GATT document that is THE SINGLE GREATEST ATTACK ON THE ECONOMIC SOVEREIGNTY of America as well as ALL OTHER NATIONS in history.”

    Listen carefully as Jeffrey goes on to say:

    “It is worth noting that he voted against GATT. If the true intent of the WTO was simply to reduce existing trade tariffs, this could have benn expressed in only a few pages of text. Hidden within the tens of thousands of pages of legal language are thousands of special exceptions and lucrative deals for the multinational companies whose well-paid lobbyists have worked for years behind closed doors in Congress to bring this new WTO trade agreement to fruition.”

    “In the history of mankind there has never been such an ATTACK against the Sovereignty and independence of the nation state comparable to the impact the World Trade Organization treaty.”

    “The WTO is designed to function as the global trade pillar of a triumvirate that will plan and control the world’s economy. The other two pillars are the World Bank, which loans capital to developing nations, and the International Monetary Fund (IMF), which supervises the flow of money around the world. The three-legged plan to plan and control the world’s economy was devised at the Bretton Woods Conference at the end of World War II. The World Bank and the IMF got off the ground rapidly (largely financed of course, by the United States), but the planned global trade arm, then called the International Trade Organization (ITO), was blocked by US senators who concluded that it would diminish US sovereignty and interfere with US domestic laws.” emphasis added.

    Do our reginal leaders and their respective Ministers of Trade and Foreign Affairs, over the years, really understand what this WTO is really all about?

    Regarding what PDC believes, that this move is ‘Westernism’ and ‘Eurocentrism’ while this may in fact appear so, it is a far deeper, extremely evil, far more sinister plan, that essentially has nothing to do with either of these two; Yes, Satan and his henchmen, will use whoever, regardless of colour of skin, to usher in the ‘One World Antichrist Government’ which will bring ALL nations under the economic bondage, that the Bible, God’s Word, tells us MUST come about, before the Second Return of Jesus Christ, the ultimate Lord of Lords and King of Kings.

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