Sinckler Missed the Mark, Again
Submitted by Pachamama
Today Christopher Sinckler, as Minister of Finance (MOF) is in the middle of delivering some bitter medicine to the people of Barbados – read Ministerial Statement On Government’s Fiscal Consolidation Programme 2013-15 presented to the House of Assembly by The Hon. Christopher P. Sinckler, Minister of Finance and Economic Affairs. This after years of hide and seek by a government still wedded to a political-economy model that is in decay, universally. Like a magician Sinckler continues to believe that our current problems could be solved by continuously tinkering with a chronically unwell economy model when more aggressive and transformative actions were clearly required, even decades ago.
All other things being equal Sinckler will be repeating doses of his snake oil in coming months. This first tranche comes mere months after the last budget. Of course, there could be an intervention by the people of Barbados in their own defense, but that is unlikely to happen, though it may prove unavoidable. To us it seems that Sinckler and indeed the Government of Barbados is stubbornly unwilling to address the fundamental issues at work. As the proverbial neo-Keynesian, it remains impossible for Sinckler to see that another economic world is possible. We are lock step in a death march off a cliff. The words of Dr. Kennedy are indeed proven true by Sinckler’s admission today that his recent budget was a national mis-direction.