โ† Back

Your message to the BLOGMASTER was sent

George Brathwaite (PhD)

American Tom Daschle once said that โ€œwhat we need is not more distrust and division. What we need now is acceptance.โ€ This statement is applicable for Barbados given the heightened political rhetoric and the dismissiveness that is implied in the many utterances from governing officials. Increasingly, the Barbados society appears to be affected by a chronic failure of trust. Barbadians expect that politicians should come across as providing credible information, particularly as the national constituency relies on its institutions and elected officials for truth and facts.

Clearly, in our adversarial system of governance, finding consensus is as much a challenge as choosing wisely those persons who would eventually become elected to govern this small developing nation. It is ludicrous, for example, to hear an elected Member of Parliament suggest that citizens or groups are nuisances to development, simply because the secrecy or untenable actions of government are sometimes challenged through the court system. One can easily ask, from whom will the country seek truth and justice? It is a known fact that, at times, the government has acted ultra vires and effective recourse was only remedied through the involvement of the judiciary.

Barbadians have been experiencing a prolonged drift away from the civility that characterised the islandโ€™s internal affairs. Almost weekly, the current Democratic Labour Party (DLP) government seems at odds with one entity or another. Resolve is hardly determined by the procrastinating leadership, and the Cabinetโ€™s arrogance often reflects intolerance to divergent views. While intolerance is not a new dimension in Barbadian society, it is the cavalier cutting down of Barbadians and groups mounting critique by Government ministers that bastardises governance on the island. Really, should the Barbadian people and the institutions that they operate through legitimate membership or association be demonised simply because an alternative view is presented?

The repetition of contemptuous behaviour by DLP spokespersons is alarming and is creating greater division in an already polarised society. The evidence is sighted in many recent episodes. For instance, the unnecessary verbal intrusion and imputations directed at union leaders in general, and certainly into the just concluded elections of the executive to serve the National Union of Public Workers (NUPW). There is the ongoing noise and scapegoating of teachers by an elected official who not too long ago, himself was forcibly defending teachersโ€™ rights. Added to these prevarications, the business community has had a sequel of turbulence in which its inputs have hardly been taken seriously. The private sector is frequently told that it has not done enough to help Barbados despite the government has been exceptionally short on providing accurate and timely information on the state of the economy.

The โ€˜DLP FACTSโ€™ mission is unlikely to reveal the truth about the things that have gone awry in Barbados. Daily, Barbadians are complaining about the dissonance happening in the economy and society. Serious crime, particularly gun violence, is setting a tone that minimises the efforts of the police and other law abiding citizens. Disrespect for authority and the church is becoming more everyday as certain political mouthpieces hypocritically look to assert a moral high-ground although many of their actions in government are collectively debased.

It is precisely that type of governance which makes for a worsening society. Fuelled by prejudices, the political rhetoric of the failed DLP regime is being exposed by many persons that are frustrated with special interests gaining favour above the many Barbadians who sacrificed during the years of no economic growth. Why should a restitution of pay fall to the political class when our public servants are forced to languish without having had a pay increase for almost a decade? Why should Barbadians still be crying out that they are โ€˜short of work for the past five yearsโ€™ despite having the means and machinery to perform efficiently and contribute to this nationโ€™s economy? Why should one entity surreptitiously get contracts for major government projects when a host of other contractors and businesses are left to wonder if they will even survive for another six months?

Policy-making in Barbados cannot continue to be informed by the kinds of institutional discrimination and marginalisation that have enveloped the society over the last few years. Nor can silence be the best mode of engagement when so many facts are pointing to an economy and society hurting from the lack of effective decision-making and leadership. Barbadians must find it increasingly difficult to accept the words of a government that boasts of everything seemingly positive but is quick to rubbish anything that reflects their shortcomings or incompetence.

Incidentally, it was Prime Minister Freundel Stuart who advised last year that: โ€œWe see the family put under enormous threat and pressure; our institutions, which were supposed to reinforce our attachment to the building of a society, have been operating under untold pressure as well. The school, church, family, the labour movement, our political parties; all of these reinforcing institutions have been under enormous pressure.โ€ While Stuart may have placed โ€œa very volatile global environmentโ€ as the causal factor, the perilous situation in Barbados equally has much to do with the increasing failures of government to innovate and address the problems in a timely manner.

In fact, growing mistrust in the society compounds the issues of governance. It is no respite for the DLP to commence a DLP FACTS mission when for far too long, the slippage was evident while the โ€˜sleeping giantโ€™ rested in another phase far removed from ordinary people. Admittedly, PM Stuart is correct when he asserts that: โ€œIf you have alienated people who are not feeling a part of the dynamic that is operative around them, then your society is under threat because you cannot count on these people to rise up and defend something of which they do not feel a part.โ€ Now is the best time for Barbadians to hear all those presenting themselves as a politics of change. Barbados needs vibrant and proactive leadership. Judging from the last nine years, the DLP disqualified itself and Barbadians can only hope the self-determined DLP FACTS do not create more distrust and division. The alienation that comes from growing distrust will hurt us all.

(Dr George C. Brathwaite is a political consultant. Email: brathwaitegc@gmail.com)


Discover more from Barbados Underground

Subscribe to get the latest posts sent to your email.

109 responses to “The George Brathwaite Column – Growing Distrust and DLP FACTS”


  1. Artax,

    I would recommend a court order to drive a Suzuki Lapin – as some kind of refined punishment ๐Ÿ˜‰


  2. @ Artax
    Perhaps he should buy a Suzuki Ciazโ€ฆโ€ฆ.. it would be much cheaper to maintain.
    ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
    Perhaps he should be dropped off at Dodds ..where such crooks belong…. It would actually be much cheaper for taxpayers to maintain him there, than in parliament.


  3. Frustrated Businessman aka ‘Nation of Laws’ my ass. April 11, 2017 at 1:03 PM #
    When Bajan โ€˜rags to richesโ€™ companies like Goddards, which inspired and led the private sector for generations, are selling family jewels like money-printing rum distilleries,
    …………………………………………………………………………………………………………………
    Rags to riches my arse. Old man Goddard married into the Mayers family who owned many plantations in St Joseph and St John.


  4. @Well Well & Consequences Observing Blogger April 11, 2017 at 4:55 PM “The chief executive of United Airlines…”

    I am not an American and maybe I am missing something. But can you tell me what must have been going through the heads of the United Airlines staff, and the Chicago airport police [these people are capable of rational thought right?] when they permitted to be treated and treated a paying passenger in that manner? The man had paid for his seat. If the airlines overbook that is they fault as the airlines [not the passengers] have access to who have reserved and paid for a seat.

    I too have been asked to give up my seat and I too have refused because the flight:

    I had already been delayed by bad weather for several hours

    I was tired

    My initial 14 hour journey, was already looking to be 18 hours

    An elderly relative was already waiting for me at the destination airport

    The airline offered a stupid voucher which is only good for 365 days and is not transferable…what would I do with the stupid thing if i did not travel within 365 days and could not give it to anybody else?

    The airlines need to offer serious cash, or an immediate credit to my credit card if I am to ignore the disincentives listed above and give up my seat for the airlines convenience.


  5. Surely United and all other airlines understand this.


  6. If United is the airline which will waft us all to heaven, I am still not boarding United.

  7. NorthernObserver Avatar
    NorthernObserver

    Old man Goddard married into the Mayers family who owned many plantations in St Joseph and St John.

    What is currently known as GEL, formerly J.N.Goddard and sons, the founder J.N.Goddard married a Hinkson. He was reportedly one of 17 children, his mother married twice, so the eldest were Kings, the youngest were Goddards. His father was a labourer/fisherman. By all reports, there wasn’t money until this business.

  8. Well Well & Consequences Observing Blogger Avatar
    Well Well & Consequences Observing Blogger

    https://www.barbadostoday.bb/2017/04/12/not-one-cent-2/

    NOT ONE VOTE. .for this arrogant, two faced bribetaking crook.

    “Not one cent!
    Lowe says NCC owes severed workers nothing

    Added by Colville Mounsey on April 12, 2017.
    Saved under Local News, Work force
    4
    Scandalous!

    That was the stinging response from the National Union of Public Workers (NUPW) to comments today by Minister of the Environment and Drainage Dr Denis Lowe that Government did not owe retrenched National Conservation Commission (NCC) workers a single thing.

    โ€œThis is scandalous. How could he say something like that?โ€ NUPW President Akanni McDowall told Barbados TODAY soon after Lowe had adopted the emphatic position in the wake of concerns raised by frustrated current workers and the union that the state agency had hired new workers, none of whom was among those severed three years ago.

    Addressing the media following an NCC meeting at Almond Bay Caterers in Hastings, Christ Church Wednesday afternoon at which 103 workers were appointed, Lowe made it clear that the NCCโ€™s duty of care to the dismissed workers had ended when they received severance payments awarded by the Employment Rights Tribunal last July.”

  9. Well Well & Consequences Observing Blogger Avatar
    Well Well & Consequences Observing Blogger

    Simple…United has a track record of mistreating their passengers, they been doing it a long time, they are arrogant pigs, just the week before this incident they bumped a first class passenger telling him someone more important than him needed the seat at the last minute, that he would have to get off the plane, he refused, they threatened to handcuff him, eventually they allowed him to sit in economy class, this was a white dude, so you know minorities in the US should not travel on United at all…whites are now boycotting the airline.

    They did not expect the Asian dude to make such a stink or the ongoing blow back…lol

    It is now costing the company billions in value and they will have to pay millions to the Asian doctor, an elderly man their savage security brutalized, he is still in the hospital.

    You do not have to give up your seat, it’s voluntary, you paid for it, you can tell them go to hell.

    United was not overbooked they lied, the claimed they had to get 4 employees to their destination for flight the next day, they could have chartered a jet for that purpose, they could have hired a shuttle for their employees, it was a 4 hour drive….it would not have cost them billions or millions…they are just nasty people…

    ……the doctor needed to see his patients early the next day, they offered him a flight for the next day…no good…..their own protocols specifically states when you bump a passenger, you must offer them a flight within an hour or two of bumping them…..United was wrong and evil, the passenger was right.

    An old man who already passed through the horrors of US security, cold and tired and to be ill treated and injured after he is seated in a seat he paid for. ., gigantic lawsuit.

    United Airlines is the manifestation of American’s dumbness.

    Do not fly United Airlines.

  10. Well Well & Consequences Observing Blogger Avatar
    Well Well & Consequences Observing Blogger

    Art…the mites in the ACs wigs/weaves are eating out their calcified brains…., that’s why they so testy….lol

    As’ s ……what will you sue me with, ya Apes Hill and government yardfowl 2 dollars a week salary.

    Ya cant sue and win any libel suit when the accusation is true…only if it’s a lie…ah want to see you messing with me, with ya mites infested weaves.

    I will be watching the court calendar closely for when that thiefing Michael Carrington case comes up on the docket and post it to BU.

  11. Well Well & Consequences Observing Blogger Avatar
    Well Well & Consequences Observing Blogger

    Michael Carrington should be in prison…..he is a menace to society.

  12. Well Well & Consequences Observing Blogger Avatar
    Well Well & Consequences Observing Blogger

    http://www.nydailynews.com/news/national/united-passenger-cops-laughed-dragged-doc-flight-article-1.3051239

    Billions of dollars worth of apologizes will be forthcoming millions will go to the injured man. I still feel the CEO Munoz should be fired he was very nasty to the man, for days after.

    “United passenger says cops laughed as they dragged doc off flight
    BY TERENCE CULLEN
    NEW YORK DAILY NEWS Thursday, April 13, 2017, 8:23 AM

    The passenger says cops laughed as they pulled David Dao from his seat. (@JAYSEDAVID VIA TWITTER)
    A passenger of the horrific United Airlines flight said cops were laughing as they ripped a Kentucky doctor from his seat and dragged him down the aisle.

    Jason Powell, in an op-ed for the Chicago Tribune, asserted that the entire staff is at fault for the incident โ€” which has grabbed national headlines and sparked outrage since the Sunday afternoon incident.

    โ€œThe disgusting mishandling of the situation included everyone from the rude ticket agent who demanded that this man give up his seat on the flight United overbooked, to one of the officers laughing in the midst of the incident, to the violent, abusive way the passenger was dragged off the plane by the officer,โ€ he wrote.

    Powell said he and seven of his high school students were returning to Louisville from a spring break trip when the chaos ensued.

    What United did wrong before and after passenger was dragged off
    โ€œIt was the worst possible model for my students, and frankly, was traumatizing to many of us who watched this from such close proximity,โ€ Powell wrote.

    The Louisville Male High School teacher shamed the airline, but commended his fellow passengers for standing up for the man, David Dao, as he was removed from the plane.

    Powell recalled that one father told an officer โ€œYou ought to be ashamed of yourself!โ€ while trying to console his 8-year-old daughter.”


  13. The following excerpt was taken from the Wednesday, April 12, 2017 online edition of the Antigua โ€œDaily Observer:โ€

    PM receives reports from Working Groups on the economy
    April 12, 2017 CMC

    BRIDGETOWN, Barbados, Apr 12, CMC โ€“ Prime Minister Freundel Stuart has received the reports from the two Working Groups which were set up last month to discuss the challenges to Barbadosโ€™ foreign reserves and the fiscal deficit, and to make recommendations.

    โ€œThe recommendations made are being studied with a view to determining which proposals can be implemented in the short term and which are more medium term,โ€ Prime Minister Stuart said, giving the assurance that โ€œthe appropriate sense of urgency is being brought to bear on the consideration of the report.”

    The two working groups were set up on March 3 by Prime Minister Stuart, as the Chairman of the Social Partnership that met to discuss the economic situation.

    The working groups are made up of representatives of the government, the private sector, the trade unions and the Central Bank.

    The first sets of recommendations from the two groups were received on March 22 and 23, and one of the Working Groups is scheduled to submit its final recommendations later on Wednesday, according to a brief government statement.

    +++++++++++++++++++++++++++++

    Recall after previous Article IV Consultations, the IMF expressed concerns that analysis of Barbadosโ€™ economic data revealed โ€œvery clear inconsistencies among the various measures of economic development.โ€

    Perhaps Angela “AC” Skeete, Carson C. Cadogan, Waiting, Fractured BLP or another DLP yard-fowl may be willing to inform BU if:

    a) The Working Group’s recommendations will to be made available to the public before or after the due Central Bank’s quarterly report;

    b) The recommendations will be used as a basis to prepare the CBB report.


  14. After Sinckler suggested, in innuendo, that Owen Arthur may be appointed as Chairman of governmentโ€™s economic advisory committee (replacing Dr. Frank Alleyne), an upbeat and smirking Arthur was heard on โ€œBrass Tacksโ€ expressing his patriotism as well as economic recommendations he believed the government should undertake.

    However, on March 3rd, 2017, PM Stuart announced, (and perhaps to the surprise of Sinckler & Arthur), the establishment of two โ€œWorking Groupsโ€ to discuss the challenges to Barbadosโ€™ foreign reserves and the fiscal deficit and make recommendations.

    Ironically, since Stuartโ€™s announcement, Sinckler and Arthur have been โ€œinvisibly silent,โ€ meaning weโ€™re not seeing or hearing them.

    Dr. Brathwaite and the resident DLP yard-fowls may want to inform BU as to the whereabouts of these two esteemed gentlemen.


  15. Subject to correction the announcement from the BCCI indicated they will hold a press conference on the recommendations next week.


  16. Artax,

    Since the prime minister took control of monetary policy, we have not heard from any of our academic economists, the so-called political scientist, the media nor, most of all, the militant trade unionists or the Opposition party.
    Stuart, in the best traditions of a Philipian, has silenced all opposition. Barbados is in a sorry state.


  17. @ Artax

    It is very disingenuous for you to write “Dr. Brathwaite and the resident DLP yard-fowls may want to inform BU “.
    First thing, Bajans have a way and added meaning when they say ‘cah yuh tail’.
    Next, I have been critical of Sinckler, the DLP, Owen Arthur when necessary, and the BLP when relevant. Deal with the absence of Sinckler and Arthur in your way and we will agree or disagree. I did not write on the empty invitation because personally I saw it as more ruse than genuine, and in any event it was never made as an official statement (with the use of Arthur’s name) prior to the apparent rejection from Cabinet and PM Stuart. If you want mischief, no problem, but deal with the facts and leave me out please.


  18. Col. Buggy

    You had me wondering about John Goddard the Patriarch of todays GEL and the tales my father who knew him told me about his rise from a barefoot speculator walking donkeys and cows to Bridgetown to sell from down in the Bath area of St.John and his gradual rise.

    Hmmm…..I wonder who we have to hold on to as role models for our citizens…..my suggestions would be London Bourne,Ward,R.LSeale,John Goddard…..all of their works live on.

    Northern

    Thanks for the clarification


  19. @ Hal

    Not certain that yours is a correct premise when you write that “the prime minister took control of monetary policy;” I know that he as chair of the social partnership invited input from two committees to adress two particular issues. He received preliminary and since then final reports. One cannot anticipate what is in them, except that ‘urgency’ is required according to a spokesperson. Fools rush in, and it would be quite premature to speak on the issues without knowing the content of the reports, the feedback or position of the PM, and as David has suggested, the absence of a quarterly report from the GoCB.


  20. George

    Hmm…..where is the urgency…..the draft was received 3 weeks ago or more?

    I think one must conclude that this exercise was just another “pull the wool” over the eyes of the sheeple.


  21. @ Hal

    To be fair to those individuals/groups you referred to, there are not any new developments in the Barbados economy, except to rehash old and exhausted topics, such as the last two credit rating downgrades, or repeat the numerous criticisms and recommendations this DLP has, so far, refuse to accept or take into consideration.

    Perhaps spokespersons on economic matters are awaiting the much anticipated Central Bank report before making any presumptuous pronouncements on the economy.

    However, and interestingly, RBC Caribbeanโ€™s Group Economist, Marla Dukharan, is supposed to comment of Barbadosโ€™ economy shortly.

    Unfortunately, she and her analysis have been ridiculed by Sinckler, and against the background of this inept administrationโ€™s repeated calls for โ€œsolutions.โ€

    In this regard, hypocrisy always raises it “ugly head” among politicians. Stephen Lashley said he stands behind his “$10 idea” amidst criticisms on social media by people who he more or less identified as anonymous.

    Yet, Lashley goes to parliament and bangs the desk in approval, whenever Sinckler uses the immunity afforded to him by parliament to insult and tongue lash anyone he feels like, without fear of reprimand.


  22. George,
    The minister of finance had, apparently, invited Owen Arthur to be his economic adviser; the prime minister, apparently without any consultation with the minister, went to the social partnership, agreed to the setting up of two working parties, who have now reported back, presumably with the intention of implementing their recommendations. Is this a fair assumption?
    If it is, then monetary policy has been removed from the elected ministers and placed in the hands of a corporate body with no democratic check and balance.
    I accept this is a desperate move, but please explain the democratic deficit. In any case, it is a move that deserves mature debate.


  23. Artax,

    The central bank does not make economic policy.


  24. @ Dr. Brathwaite

    Hmmmm…. I guess you told me……

  25. NorthernObserver Avatar
    NorthernObserver

    @VH
    From the gis

    http://gisbarbados.gov.bb/blog/working-groups-reports-being-studied/

    Prime Minister Freundel Stuart has received the reports from the two Working Groups which were set up on March 3 this year to discuss the challenges to Barbadosโ€™ Foreign Reserves and the Fiscal Deficit, and to make recommendations.

    Mr. Stuart commended the work of the two groups and said: โ€œThe recommendations made are being studied with a view to determining which proposals can be implemented in the short term and which are more medium term.โ€

    โ€œThe recommendations made are being studied with a view to determining which proposals can be implemented in the short term and which are more medium term.โ€
    Prime Minister Freundel Stuart
    The Prime Minister gave the assurance that โ€œthe appropriate sense of urgency is being brought to bear on the consideration of the reportโ€.

    The two working groups were set up by Mr. Stuart, as the Chairman of the Social Partnership, early last month during its full meeting at the Lloyd Erskine Sandiford Centre.

    The working groups are made up of representatives of Government, the private sector, the trade unions and the Central Bank.

    The first sets of recommendations from the two groups were received on March 22 and 23, and one of the Working Groups is scheduled to submit its final recommendations today, Wednesday, April 12.


  26. @ Vincent Haynes
    To be fair, the preliminary reports were submitted two weeks ago, and the final reports within the last couple days with the PM actually stating receipt and evaluation of the reports. He further stated that what can be done in the short term would be identified apart from those things that are of a medium term nature.
    I make no excuses for this procrastinating leader or Cabinet, but I think we need to be patient to see where all the efforts are going. But like you, I am concerned with the ‘urgency’ required versus that given.


  27. @ Hal

    You wrote: “The minister of finance had, apparently, invited Owen Arthur to be his economic adviser; the prime minister, apparently without any consultation with the minister, went to the social partnership, agreed to the setting up of two working parties, who have now reported back, presumably with the intention of implementing their recommendations.”

    The Minister publicly stated that he was forming this committee without naming the person. As far as I am aware, Owen Arthur was the first to inform the public that Sinckler approached him. It has been publicly stated that the matter went to Cabinet and all were not on board with the initative. There have been no reallocation of ministerial portfolios, so fundamentally nothing has changed.

    I rather deal with the facts that the assumptions.

  28. NorthernObserver Avatar
    NorthernObserver

    @VH

    For further clarity, I found a book at an auction some years back, authored by a female professor at UWI. which detailed the GEL history.

    It was J.N (Joseph Nathaniel) who started the business and to whom the stories of being a livestock prospector are accorded. His son Victor, was with him and later assumed the reins. After Victor, who never had children, John Stanley his nephew, so referred to not to be confused with John, Victor’s younger brother of cricket fame, became CEO.

    When Buggy said old man, I assumed he was referring to J.N the founder, as it was with JN the story/business began.


  29. George

    http://gisbarbados.gov.bb/blog/working-groups-reports-being-studied/

    Around 3 weeks ago the drafts were received(22&23March) as per above.

    Seeing the PM has never accepted that Bim is in difficulties,he is handling the matter accordingly and the term urgent was never intended to be used in this matter.


  30. Northern

    Yes it was the original J.N.Goddard that my father would have been referring to and it was my error in confusing him with John Stanley with whom Buggy may have been referring to as married to the Mayers.


  31. The soon to be delivered central bank quarterly report by the acting Governor should spur the government to action. The talk is the foreign reserves continue to fall.


  32. @ Vincent

    Yes, just over two weeks ago. He has since received the final reports. He has indicated that he is reviewing with a view of implementation. While I have no problems taking a dig at the PM or current Cabinet, I prefer to be fair. I do not expect miracles. In any event, you would also recall OSA and others indicating that given the timelines and falling just before the estimates, it was hiughly unlikely of any speedy resolve.


  33. Hal Austin April 13, 2017 at 11:11 AM #

    “The central bank does not make economic policy.”

    @ Hal

    What sentence or phrase in my comments led you to assume I suggested the Central Bank is responsible for economic policy?


  34. George C. Brathwaite April 13, 2017 at 11:59 AM #

    Agreed…….which is why I stated …urgent…was never intended to be used.


  35. We should step back and recall that the approach by the PM to the social partnership appears to be a bigfoot move to snuffout the Sinckler Arthur arrangement. Time will tell if it is being driven by political motive only.


  36. The PM is smarter than any one of the blp operatives that frequent this blog. He prove so by putting the opposition on the back bench twice so much of an embarrsement that OSA high tailed from the blp.
    Come 2018 the same would occur listen to theman in the video he knows out to pick sense out of nonsense that is the nonsencial views of the blp leader Mia Mottley


  37. Artax,

    Maybe I was misled when you stated that spokespersons on the economy were awaiting the central bank’s quarterly report., What for?

    @ George,
    If there was no truth in the Arthur as economic adviser, then it was fake news? I would have thought a more sophisticated argument would be that Arthur was not in a position to give anyone economic advice. Just look at his 14 years in charge. His was the worst mismanagement of the economy since the end of the second world war.
    Arthur may continue to fool Barbados Today that he is on top of current economic arguments. Take it from me, he is not.


  38. @ Hal

    I neither share your argument or your conclusion. Arthur was not perfect but he surely did many more positives than negatives; he surely positioned Barbados for its next stage of development despite the external forces he battled against. Indeed, while some are quick to deny his grip on Barbados’ economic growth during 1994-2008, and the overall development, the fact is Barbados would have long folded as a failed state particularly with the inept DLP administrations that followed in 2008 and again in 2013.


  39. George,
    We must agree to disagree on the notion of Arthur doing wonderful things for Barbados. The illusion of prosperity that accompanied the Arthur regime was just that – living on debt.
    Arthur got rid of the key institution that would have been in pole position to assist in the financialisation of the economy, the BNB; he got rid of the ICBL, another institution that would have assisted in providing the infrastructural investment the island so badly needs; he failed to introduce any radical legislation to catapult the island forward in the short, medium and long-term; he failed to radicalise our educational system so much so that it remains very much what it was when I was at school; he failed to reform the civil service, which is badly in need of change; the police, defence force, criminal justice system, health, housing, job creation – all these are policy areas that passed Arthur by.
    Stuart aside, Arthur will go down as our worst prime minister.
    The battle between the BLP and DLP is a major problem for the nation, a war between tweedledee and tweededum.
    @George As a nation we need better; nation before party. Your generation is the one to rescue us from the deadbeats that have gone before. But if our brightest and best put being an MP or being a party member before anything else then we are on the steps of Hell.
    I know you got the passion and vision. Step up.


  40. @ Hal

    I would gladly debate you on several of the points that you highlighted. The BNB was offered buy-in to Barbadians first and foremost. They did not budge. We sold majority interests and the remaining that we kept were sold under the DLP again to boost foreign earnings. In essence we rid ourselves of the last stock not by Arthur but under Thompson/Stuart. As a matter of clarity, Barbados was earning more under the limited ownership than at anytime while owning the BNB. It is perhaps for non-economic reasons that I may have held a bit more of the ownership of BNB.
    Contrary to your claim of no radical legislation, I will contend that they were such. Nonetheless, 1997/98 and then 2001/2 were pivotal in what could be done based firstly on new global rules and the effects of the Asian crisis which flowed into the Americas. Secondly, the architecture of development changed substantially after 9/11 and small states like those in the Caribbean – Barbados included – were forced to grapple with security concerns not of our making and this moved into the scope of our limited exports.
    It was under Arthur that there was public sector reform, the NISE intiative, enhanced training for public servants, greater emphasis on entrepreneurship and incentives for the private sector. I can go on and on, but the beast that is almost always whipped was Arthur’s emphasis on integrated development within the context of the CSME. At that time, Barbados got to the point that more than 52 % of our exports were directed into CARICOM and although not perfect, the potential of manufacturing and services were beginning to show real progress in the region. That all lapsed, not under Arthur, but again under the post-2008 administration. Clearly, it was only after 2013 and thereabout that Barbados began to see the necessity of the regional market as a pathway for some success. The EPA, even with its limitations, was never fully exploited and utilised to our benefit. So that it is quite erroneous to come to the conclusions that you assert. Lots more to say, and lots more details, but I am not sure this median is the best for such a serious and NECESSARY debate. All I will say is that the national debt never exploded or never outstripped real economic growth in the Arthur years. That appears to be the real problem for which the country is now facing. Over to you sir.


  41. George,

    The debate is on. In the meantime, there was nothing wrong with the BNB – management, profitability, – that could have forced Arthur to sell the bank, our only Barbados domiciled bank.
    You know that the reasons why banks have different insolvency regimes is because they are different, or as regulators say ‘special’. In any case all that could have been fixed.
    As to its sale, we have a one-dimensional way of privatisation, but we could have learned a lot from various forms of privatisation which we have seen in the UK during the noughties, there are lessons there for us.
    But the financial health of the banking system is central to the overall health of the macro-economy. This quite clearly passed Arthur by. He obviously assumed hat he had power over the courts to declare the bank insolvent or unprofitable. Have a look at the US National Bank Act.
    You say you would have held on to the BNB for non-economic reasons. I beg to differ. He should have held on to the bank for sound financial economic reasons, such as the funding of small and medium enterprises, provide residential mortgages and credit cards.
    The BNB might have earned more under Republic than when it was fully state owned because it has transformed in to a bancassurer without any public discussion or change in legislation.
    When didn’t Arthur introduce a Chapter 11-type law in Barbados, a safe harbour for troubled corporations?
    You mention the 1998 Asian financial crisis impacting on Barbados, how it did is beyond me, but in any case it would have been marginal.
    Nevertheless, as policymakers, the Arthur government should have responded to the lessons of the Asian crisis.
    You also claimed the architecture of development changed after 9/11. For your information, the global economy grew at the fastest in history after 9/11 and even after the 2008 crisis, there was a short recession it continued on its growth. Global capital is now valued at about a quadrillion (one thousand trillion), mainly in derivatives.
    The hoarding of foreign reserves is not sound macro-economic policy (see Joshua Aizenman and others).
    NISE is no a policy; it is smiling at tourists and genuflecting. In short more an embarrassment than a programme. Do you remember when Arthur got school children to write to their overseas friends encouraging them to visit Barbados? The man is a joker.
    As to Caricom/CSME, what positive came out of that so far; the reality is to flood Barbados with the middle classes from other Caricom nations who could not get in to Canada or the US.
    I am a big Caricom supporter, but along the right lines not the grossly incompetent organisation that we have.
    Arthur handed over a debt-ridden economy to the DLP wh, it must be said, went on to make things worse. I suggest you read Jasper Lukkezen and Hugo Rojas-Romagosa’s When is Debt Sustainable (CPB Netherlands Bureau for Economic Policy Analysis) .

    George, I will end with the building of a great white elephant of a high curt, while the old building remains unused; the great national library still not repaired; Glendairy prison building still unused; I can go on.
    I can talk about poor financial regulation (do you remember when Hank Greenberg, the chairman of the world’s biggest insurance company, AIG, said in evidence that he had opened a Barbados company in order to avoid US taxation and our brain dead insurance regulator said that we had the best system in the world?). We like to punch above our weight.
    George we must have that discussion, either in London or Barbados. There is a lot to talk about.


  42. @George

    A debate should take place anywhere the opportunity presents.

    @Hal

    The exchange so far is anchored in the transactional. Where is the philosophy or vision driving the country?


  43. @ David

    While I do agree and to take absolutely nothing away from BU, I still think that detailed information is necessary and such can be cumbersome given the format. Of course these are things that I am sure both Hal and myself are willing to put and defend positions.
    Your other statement was not directed at me, but it is clear that Arthur for example came in the height of the neoliberal period (e.g. WTO, non-preferential treatment, expnasion in Europe), and now we are seeing a return to nationalism, protectionism, etc. The times are changing driven by ideological forces. The philosophy of our survival and progress remains fundamentally the same since we are very small players in world events and our lack of real geopolitical significance at this times also minimises our knack for any international primacy. Hence, we must foremost have in our minds our people’s security and freedoms. Sounds simple, but it is not. The growing global uncertainty does not help.


  44. David,
    The vision is what kind of society do we want? As an individual I can project the vision for the society, but the decision is a collective one.
    The philosophy is the kind of democracy we would want. This has never formed part of our political discourse, not since the Executive Council ruled the country.


  45. @ Hal Austin

    Are you an idiot?
    I read the contribution Artax wrote and he/she did not mentioned nothing about the CBB implementing economic policy.
    Are you aware that economists and other interested groups use the estimates and Central Bank reports to analyze the economy?
    You need to step off your high horse believing yourself to be a know it all.
    Also, why would you want to compare debt in Holland with debt in Barbados, when the economies are different?
    As to BNB, anything operated by civil servants is usually inefficient. Because of poor management, people borrowed money from the bank and did not repay or gave difficulty in repaying.
    As long as it’s government, people say they don’t have to repay.
    BNB was just like the Barbados Development Bank, NHC, BWA, etc. Political interference and political operatives would always prevent BNB from being profitable.
    And are you suggesting BNB could have been used like how successive governments used the NIS?

    Hal Austin, I agree with Bush Tea & Pachamama, you are an ass.


  46. Austin

    Your opinions about Owen Arthur seems to be based on your hatred for the man. Did he offend you?

    Read the reports on the Barbados economy written by the IMF, S&P, Moody’s, etc, during Arthur’s tenure.
    Who should I believe, reputable organizations or a two bit wanna be journalist like you, who claimed he set up all these things at universities, without proof?


  47. Thomas Lynley,
    I will ignore your facile comments and deal with the substance. There is no economic data, or should be no data, in the central bank’s quarterly report that economic commentators could not get independently, apart from movement on the base rate and an accurate rate of inflation.
    But, if the central bank’s states that inflation is nil, then something is serious wrong with the accuracy of its reporting.
    The central bank can avoid any such suspicion by publishing its methodology, as most reputable central banks do. This will allow analysts to mimic their findings and reach their own conclusions. We do not have any such luxury in Barbados.
    Most reputable central banks use either of two main models: the Dynamic Stochastic General Equilibrium (DSGE) model, or the Bayesian Vector Autoregression (BVAR). Sometimes there is a distinction made between DSGE and neo-Keynesian models.
    Since Dr Worrell and others like to stress the nature of our ‘small open economy’, the model by Lubik and Schorfheide (2005) may be more appropriate.
    I must admit that until you raised the point, I was not aware why economists needed information at all; thanks for putting me on the right track.
    I stress the above not because I am on a high horse, although mucking about with such data was my job for a number of years, but to make the point that if we ant to play with the big boys we must get our game right.
    As a nation we are in serious economic troubles because the minister of finance is out of his league – and this is not a party political issue – and neither his Cabinet colleagues nor the wider general public have been able to bring the discourse back on track. This will be painful for future generations.
    The problem is that as a nation we have two prisms through which we interpret social experience: the legal and the party political. It is a sad reflection on our educational system.
    We either rush to the courts to settle differences, or we blame the corruption of the party political system for everything, from job appointments to the issuing of job contracts.
    Somebody must try and raise the level of the public debate; if it falls on me I am prepared to put my head above the parapet, and take the personal abuse.
    However, I know there are some very good people in this forum, so I am in good company.
    By the way, the academic paper by Lukkezen et al is about OECD countries, not just Holland, a small open economy.


  48. For the record, Mr Lynley, I do not know Mr Arthur and we have never had a discussion about anything, personal, political or economic. I do not hate people. It is a word not in my vocabulary.
    As to setting up things at universities. I have said, and it is on the record, that the MA in Financial Journalism at City University was initiated by me as an outcome of the 2008 crisis. It started as a joint FT/City course with all students doing their work experience at the FT. I was the coordinator at the FT.

  49. Vincent Haynes Avatar

    George

    Arthur got rid of the key institution that would have been in pole position to assist in the financialisation of the economy, the BNB; he got rid of the ICBL, another institution that would have assisted in providing the infrastructural investment the island so badly needs; he failed to introduce any radical legislation to catapult the island forward in the short, medium and long-term; he failed to radicalise our educational system so much so that it remains very much what it was when I was at school; he failed to reform the civil service, which is badly in need of change; the police, defence force, criminal justice system, health, housing, job creation โ€“ all these are policy areas that passed Arthur by.
    ………………………………………………………………………………………………………………………………………..

    I will add restructuring Agriculture and Manufacturing.

    Hals point above and mine needs to be fuller addressed,other than 9/11 occurred and put the world in a tail spin.

    The above areas are what us on the sidelines need to have answers for and would be greatfull if you could provide them.

  50. William Skinner Avatar
    William Skinner

    @ Hal
    The party hacks posing as columnists
    ignore that the financial crisis showed
    it’s early signs from around 2005 it gained
    Momentum and was obvious by 2007 and
    by 2008 it was in full bloom. No serious
    Observer has as yet declared it completely
    over. Quite the contrary , some are saying
    another crisis is looming.
    We have these jokers writing so much uninformed
    and misinformed nonsense that it leaves us to
    question what is the purpose of UWI.
    These BLPDLP hacks are a bunch of inferior
    comedians!

The blogmaster invites you to join and add value to the discussion.

Trending

Discover more from Barbados Underground

Subscribe now to keep reading and get access to the full archive.

Continue reading