After writing this column, almost religiously, every week for over ten years and a tourism specific published contribution for over two decades , the almost overwhelming feeling -under the current pandemic situation with a severe lack of good news -is frankly just to give in and stop until meaningful recovery is in clear sight.

But this would of course be defeatist and pander to an increasingly vocal minority that has for some time preached that we, as a country, have become too dependent on a single sector, while albeit at the same time, proffering no viable alternative.

In their own way though, they have a point and perhaps successive Governments have not placed sufficient priority into ensuring that all other arms of our economy were carried along by tourism and its incredible contribution to the building of our country.

Has the time finally come to better evaluate exactly how we can practically involve more people, goods and services to redress this disproportionate imbalance?

Without wishing to harp on what may appear a microscopic and at first perceived inconsequential tiny issue, I would like to return to the subject of serving imported bottled water at Government convened media conferences, which for me highlighted the need to dramatically increase the use of local products where practical.

During my nearly 60 years involved in tourism, what has stood out above all other observations, from the time while working as a humble demi-chef du rang or trainee waiter in one of Britain’s oldest hotels, to finally fulfilling a lifetimes dream into co-owning and managing a boutique hotel, was attention to detail.

A simple example is that certainly in my experience working across more than 70 countries, you could often tell if a particular hotel had a female manager, just by the display of fresh flowers in public places of the property like washrooms. This is not in anyway intended to be sexiest, just that a good manager instinctively knows what impresses their guests of any gender or disposition.

In our very early days on Barbados, I readily accepted that my wife would be a much better hotel manager than I could ever be, in almost every respect. Her degree of attention to detail, empathy to staff and guests, was way above anything that I could ever consistently achieve and it was born-out by the highest possible level of those returning to stay.

And currently, whatever your political leanings or gender preferences, is it now finally the time for our current national leader, together with her team to take the bold step in ensuring there are more tangible mutually advantageous partnerships between all sectors of our economy and reduce the reliance on foreign exchange requirements?

Or do we choose to ignore, during this uniquely challenging period in our history, by failing to address the obvious disparity between our largest industry and its need for goods, services and supplies?

124 responses to “Adrian Loveridge Column – A Time for Change”


  1. Unbelievable that we have not done it before. It has been talked and talked about for ages. And the bottled water is the perfect symbol of talk but no action. It is not a minor point.

    One thing though, nobody is proposing that we do away with tourism. We want to reduce our total reliance on it by forays into other, areas some of which have been suggested. I leave it for others to list as I am not au fait with the particulars.

    I see that Caribbean manufacturers have decided to collaborate. Finally. Hopefully agriculture is next.

    Real collaboration between Caricom states is the only way forward. We are simply too small to prosper alone.

    There are also some issues with our tourism systems and product. We need to have the difficult conversations.

  2. William Skinner Avatar

    @Donna
    That’s the problem, we recycle ideas every two to five years. I was involved in the first or at least one if the first local bottled water businesses. A very young guy asked me to assist with marketing the product.
    This was at least forty years ago. If I recall he also had a locally produced gin.
    The problem is the failure to work smart and build the product. We hear of all these wonderful ideas; they get some press and within two to three years eighty per cent are gone.
    You and others may think I am being funny but Barbados has never been properly marketed as a tourist destination. The hoteliers have fleeced the island and systematically united to destroy small businesses and locally produced products.
    No serious efforts were made until about five years ago to expose and present local menus and our culinary arts.
    In 1986 , I know for a fact, they were taking one flying fish and splitting it in two and selling the meal for $20US.
    They seldom kept their properties in great condition. Paint buckets,wheelbarrows always around the place. Failed to employ enough maids etc.
    That’s why sixty years later, they don’t have one property outside of Sandy Lane and recently Sandals that can really claim to be competitive world wide.
    The sooner we stop depending exclusively on tourism ,the better for the country.

  3. peterlawrencethompson Avatar
    peterlawrencethompson

    @Adrian
    “… now finally the time for our current national leader, together with her team to take the bold step in ensuring there are more tangible mutually advantageous partnerships between all sectors of our economy and reduce the reliance on foreign exchange requirements…”
    +++++++++++++++
    Actually Adrian, it is now time for us to take the bold step in ensuring there are more tangible mutually advantageous partnerships between all sectors of our economy. This Bajan over reliance on Government is a relic of colonialism which guarantees our failure.


  4. And if we are to stop being a kept population with resources to do for self a RADICAL land reform is a prerequisite.
    PLT

  5. peterlawrencethompson Avatar
    peterlawrencethompson

    @Adrian
    You are correct that attention to detail is the critical skill needed to achieve Objectives and Key Results in a business provided that it is operating in a stable environment.

    If your operating environment is being disrupted by economic crisis or technological change or cultural cataclysm. then attention to detail alone will guarantee your demise… in times like these you must innovate.

    If the new owners of Peaches and Quiet innovate, adapting to long term visitors by modifying suites to be full studio apartments with dedicated Wifi and home office desks, then they will prosper. Otherwise, the business will not survive the coming five years.

  6. peterlawrencethompson Avatar
    peterlawrencethompson

    @Pachamama January 4, 2021 7:49 AM
    No need to wait on the government to enact radical land reform… just use the Land for the Landless (Land Lease) Programme and innovate. You will then drag the Government along behind you in your slipstream toward radical land reform when you achieve critical mass.

    Step 1: use the Land for the Landless (Land Lease) Programme to get to 5 acres of agricultural land with access to water and good southern exposure. http://www.badmc.org/wp-content/uploads/sites/6/2016/04/AGB_Land-Lease-Programme-Application_06Apr16.pdf

    Step 2: use the Ministry of Energy Sustainable Energy Investment Programme (Energy SMART Fund) to get some concessionary financing compliments of the IDB to bolster your application for a solar farm that sells electricity to the grid. https://www.energy.gov.bb/web/component/docman/doc_download/81-interactive-application-supply-electricity-to-the-public-utility

    Step 3: Use the Enterprise Growth Fund to finance the construction of the solar farm, but with the photovoltaic panels 3 metres off the ground and spaced out so that it creates the optimal partial shade for the crops you are growing underneath. This partial shade reduces water consumption and improves crop yields. Furthermore, the microclimate created by the agricultural use improves solar panel efficiency (see research articles below).
    Elnaz H. Adeh et al. Solar PV Power Potential is Greatest Over Croplands, Scientific Reports 9, Article # 11442 (2019)
    Hassanpour Adeh E, Higgins CW, Selker JS. Remarkable solar panels Influence on soil moisture, micrometeorology and water-use efficiency. PLoS One (2018)

    Step 4: Use the steel framework that supports the overhead solar panels to also support a robust electrified fence in order to eliminate predial larceny by both monkeys and humans.


  7. Sigh! We do make it hard, don’t we? I see nothing hard about it at all.


  8. On your bottled water comments, I do agree that we should NOT serve bottled water from overseas, but… while tap water here is great, the purified bottled water locally is appalling. The taste is just awful. That’s probably why most hotels go for an overseas brand. Should we just do away with bottled water altogether and go plan B; cold tap water… or discover a local spring.

  9. peterlawrencethompson Avatar
    peterlawrencethompson

    @ Adrian
    I am one of the increasingly vocal minority that has for some time preached that we, as a country, have become too dependent on the tourism sector.

    Back in April I framed my arguments with you as a route map to a Barbados beyond tourism… yet, what my innovation has in fact achieved is a life raft for the self same tourism industry that I was so keen to eliminate. I’m sure you appreciate the irony.

    The Weatherhead owned Sun Group has been among the first to understand that they need to pivot the entire tourism dependent financial empire. They have reconfigured one of their south coast hotels and one of their west coast hotels into re-branded co-living and co-working accommodation. https://www.welcomenhome.com/

    ECO Lifestyle + Lodge, formerly known as Sea-U Guest House in Bathsheba, has entered into a partnership with Outsite, an international provider of co-living spaces, community, and perks designed for remote workers and creatives with 17 locations around the world. https://www.outsite.co/locations/barbados

    This is the future of the Barbados tourism industry. We need to find ways to ensure that colossal mistakes like the Hyatt on Carlisle Bay never get built.


  10. @ peterlawrencethompson January 4, 2021 7:42 AM

    That is exactly my point. There is indeed a connection between mental and economic dependence on the welfare state and slavery or serfdom. This is not only the case in the Caribbean, but also in many parts of Europe (keyword serfdom). Americans alone are not affected by this curse. Hence their scepticism about the welfare state.
    Conclusio: We must dismantle the Barbadian deep welfare state and liberate the inmates of the modern Drax Plantation.


  11. @ peterlawrencethompson January 4, 2021 9:04 AM

    It is good that you are speaking out loudly in support of the new settlement policy. I remember talking to local businessmen 10 years ago who calculated for me how many expats we need for sufficient inflow of capital.

    What is clear is that our local economy alone is not viable. More than 50 years of blind insular nationalism cannot hide the fact that we are sliding into insolvency again after 2018.

    We have to be smart here. As smart as the richest Swiss cantons that used to be desperately poor but are now brimming with money thanks to foreign investors. Smartness is not a question of nationality or ethnicity, but of strategy.


  12. PLT

    Yes, yours may a good idea for some we admit. However, these kind of schemes were around for decades with limited utility.

    In our way of thinking ownership of large tracts of land by the currently landless is only the beginning. Production however would not be sustainable if markets are constructed for cheap imports, for example.


  13. @PLT, I do not know if that land for landless program is still functioning. We applied since mid last year. Tried following up but did not even get a response.


  14. @PLT
    @Tron

    Are we not barking up the wrong tree? CoVid should be an opportunity to review the way we live, to re-assess our core values. For example, to redefine wealth from its materialistic conception to a moral one.
    Why do we put a higher value on a lawyer than on a nurse, for example? Had our CoVid policy been a precautionary one from as early as March, instead of patting ourselves on the back for how brilliant we were in controlling the virus, we would have been in a better place.
    Plan for the worst, hope for the best; a simple principle of risk management, whether health, financial or technological. That is why air safety is one of the best, if not the best, in the modern era. Airline staff are encouraged to report every incident without fear it would impact on their careers.
    Equally, if Barbados had an epidemiological model that was communicated to the general public (sanitising, facial masks, social distance is a universal principle), with proper and fair enforcement, the nation would have been better protected.
    Instead, we are trapped in a cultist mass hysteria with chants of the Goddess can do no wrong. A people who cherish education so much can be found wanting when it comes time to put on our thinking caps.
    It is a moral imperative that we should battle to reduce the risk to lives, rather than saving the tourism business and with it a few badly managed hotels.
    This is also a good time to look again at the notion of economic growth and what it entails. Our politicians do not have to queue for food at a food bank; they do not have to struggle every month with having to pay bills or feed their children; their relative wealth puts them in a privileged position. That too should be part of our national conversation.
    We need to look again at material wealth versus moral wealth. CoVid has increased wage differentials, it has reduced opportunities for the poor and disconnected, it tells us that the people in the frontline of this uncontrollable virus are often the lowest paid.
    When this government could pour Bds$300m in to saving these incompetent hotels, most of which will be switched to private bank accounts, many of them overseas, what does it say to poor people?
    Wealth gives people opportunities, it allows people who fall to get up again, wealth reduces panic attacks because if you know you can replace an item you have nothing to worry about.
    There are other conceptions of wealth apart from the scarred, one-dimensional one of economic wealth. Someone raised the issue of fiscal space during the summer, but is yet to tell us what he meant. How about taxing inheritance? Unearned wealth?
    We know that long periods of unemployment between the ages of 16 and 25 makes you highly unemployable for the rest of your life. What is government doing about this?
    CoVid has also given us an opportunity to re-evaluate life and what it means; it gives us an opportunity to re-assess pensioner poverty and working poverty, when men and women go out to work every day and still cannot make ends meet; it also raises questions about the uncertainty of work, with the new gig economy and everything it stands for.
    Wealth increases much faster than incomes, just ask the G4S security guards; or the survivors of the man who died after working for a leading company for 30 years and his family still could not afford to pay for his funeral.
    We have a choice: silly personal attacks on people we only know from their IDs on BU, repeating how clever and better off we are than anyone else, create total fabrications so we could attack the very lies we have created, or have a serious discussion about the society we will like to be.
    The decision is ours.


  15. (Quote):
    This is the future of the Barbados tourism industry. We need to find ways to ensure that colossal mistakes like the Hyatt on Carlisle Bay never get built. (Unquote).
    ++++++++++++++++++++++++++++++++++++++++++++++++++

    ‘Colossal mistake’ or more like a figment of someone’s fertile imagination?

    Which jackass for an investor, whether local or foreign, would sink US$ 175 million (and skyrocketing) into an industry which in its present incarnation is on its last legs, as you quite presciently pointed out?

    Isn’t the old Four Seasons project now appearing to be a more attractive proposition in light of the current and projected circumstances for the long-term in the leisure and travel markets?

    There is absolutely nothing wrong with revisiting that project located on one of the most attractive sites on the West (former platinum) Coast of the Island?

  16. William Skinner Avatar

    @ Hal
    How can we achieve anything when our intellects remain tied to Eighteenth century Eurocentric economic theories ?


  17. @ Hal Austin January 4, 2021 9:50 AM

    I will take off my foolscap for once …

    No one is forcing local citizens to burn their money on oversized SUVs that are far too wide for our island roads. No one is forcing them to buy expensive foreign water when filtered local water is just as good.

    The solution to less consumption can only be, first, to finally devalue the Barbados dollar to a level commensurate with local low productivity and, second, to bring salaries in line with market value. There is nothing wrong with paying guards, rubbish pickers and nurses better because they add value to society – provided they join together in a union and thus earn a higher wage. A state minimum wage, on the other hand, would be counterproductive because it weakens the unions and tempts employers to always pay only this minimum wage.

    I don’t see this added value with well over 1000 lawyers on the island. 200 would be perfectly adequate, since our indigenous population in its poverty has nothing to inherit anyway.

  18. peterlawrencethompson Avatar
    peterlawrencethompson

    @Hal Austin January 4, 2021 9:50 AM
    “… an opportunity to re-evaluate life and what it means…”
    +++++++++++++++++
    I completely agree with you Hall.

    However, most Black Bajans remain in thrall of the religious mythologies bequeathed them by their colonial oppressors, completely entrapped by the “White is right” mindset, and devoted to a consumer lifestyle. It will take longer than I have left in this body to emancipate Black Bajans from this mental slavery, so I pursue incremental half measures intended to ameliorate the economic deprivation that Barbados is heading for in the meantime. I’m not a pessimist, but I am a realist.


  19. Peter look, giving good land to people who have the desire but do not have the skills, equipment or knowledge to have it produce year after year seem like the Mugabe effect. Some things are best left to the professionals. fugu preparation for one I do like your idea of giving your people the opportunity to win a Darwin award by electrifying metal around solar farm , do you think your idea could be adapted to burglar bars or drain pipes .

  20. peterlawrencethompson Avatar
    peterlawrencethompson

    @Tron January 4, 2021 10:31 AM
    I heartily welcome you sans foolscap to this critical discussion. I understand your impulse to punish our foolish compatriots who can afford to waste national resources on imported giant SUVs and bottled water. However, devaluation is a blunt weapon which will impose much more hardship on the bottom 20% of income earners who are already living in poverty than it will discipline the top 10% of relatively wealthy people that you say you are aiming at.


  21. @PLT

    Two points. Re-evaluating our values has nothing to do with anything bequeathed by our former colonial masers and nonsense about white is right. It has a lot to do with an outdated mindset. Let us start thinking from scratch.
    The second point is your economic notion that devaluation will impact the bottom 20 per cent more than the rest of society. Plse direct me to the author of such a theory.


  22. @ Tron

    I fully agree with what you have said. We have over 1000 lawyers at the bar, but a lot more who are qualified, working in-house and at other occupations. It is a waste of taxpayers’ money, which is why most lawyers defraud their clients.
    As to our power as consumers, again you are right. But it does not fit in with the mindset of the Barbadian consumer, who believe it is their money and they can spend it as they like. It is the Bajan Condition.
    It is the result of the cognitive damage done by education by rote; we measure success or failure through having crazy SUVs, compete with bull bars, big houses and overseas travel three times a year..
    The last time I saw a kangaroo in Barbados he was a politician, yet we allow those dangerous bull bars on our motor vehicles.
    Our sense of consumer rights is so poor that we allow the banks to treat us like filth to get access to our own money, and not a word of protest, either for queuing for ages to get our money, or paying for every little so-called service. We allow lawyers to overcharge us without a word of protest.
    And it is not in the interest of governments (DLP or BLP) to improve this situation, as long as they play footsies with the Social Partnership.
    Just look at how this incompetent government is playing with the corrupt hotel sector.

  23. peterlawrencethompson Avatar
    peterlawrencethompson

    Hal AustinJanuary 4, 2021 10:52 AM
    Our outdated mindset is our clinging to colonial values. They are one and the same. This is thinking from scratch. Where do you think our outdated mindset originated?? thin air??


  24. The tourism industry will continue to evolve and diversify but traditional tourists will remain a big part of the industry.

  25. peterlawrencethompson Avatar
    peterlawrencethompson

    @Hal AustinJanuary 4, 2021 10:52 AM
    My economic notion that currency devaluation will impact the bottom 20 per cent more than the rest of society is something that I worked out by myself, but it so happens that mainstream economists agree with me on this point. Mainstream economists are often wrong, but on this point they are correct 😉

    The major and immediate effect of currency devaluation is rampant price inflation, both for imported goods as well as for domestically produced ones since they experience an immediate demand spike caused both by attempts at import substitution as well as by the fact that many inputs to local production, from energy to raw materials to fertilisers, are themselves imported.

    The bottom 20% of income earners are the ones most vulnerable to runaway inflation because they have no assets or savings. Wealthier people often have assets such as property which escalates in monetary value along with inflation and this cushions the shock for them. The rich White boys with their giant $150,000 Toyota pickups valued at $90,000 on the secondhand market will have to pay $8 per litre to fill them up, but so will the ZR drivers so bus fare will go to at least $5. However, since a new Toyota pickup now costs $300,000 the White boy’s pain is ameliorated by the fact that his pickup is now worth $180,000 on the 2nd hand market.

    The rational arguments in favour of devaluation centre around the increased competitiveness of exports, but this is only an advantage if firstly, we had significant manufacturing export industries, and secondly, if those export industries could quickly and dramatically ramp up production to take advantage of increased demand. The only significant manufacturing export industry we have that is not entirely dependent on imported raw materials is our rum distilling industry. No matter how much you increase its competitiveness next wee, it is still going to take 12 years to manufacture a 12 year old rum, so it is impossible to ramp up production quickly.


  26. @ peterlawrencethompson January 4, 2021 10:47 AM

    Of course, currency devaluation works as brutally as chemotherapy or radiation for cancer. I also never claimed that the social consequences are not harsh.

    But if we don’t want that, we should at least implement other measures. We should limit the cubic capacity and size of cars on the island, e.g. to 1 litre cubic capacity and a maximum length of 4 metres. Furthermore, we need massive funding of solar energy, because the sun always shines on our island. The ban on selling water bottles with foreign water would also be worth considering. Furthermore, banning foreign fast food chains would massively save lives on the island. That’s just one example.


  27. @ PLT

    The issue of colonialism and so-called white power are looking back. If you re-read my submission you will see I am suggesting that we talk about the kind of society we will like post-CoVid. One is looking back, and the other looking forward.
    No Barbadian under the age of 60 has had any experience of colonialism.
    A new mindset comes through the ability to ignore received wisdoms and think for one self, critical thinking. That is the mission of education, not just repeating what you have been told.
    We need people with new ideas to lead the national conversation, since this crop of politicians and our academics have failed the nation. An obsession with colonial wrongs and reparation will bind us to the past. Take a deep breath, look at the present society and come up with ideas for change.
    Still waiting for the source of your economics of devaluation.

  28. peterlawrencethompson Avatar
    peterlawrencethompson

    @EnuffJanuary 4, 2021 11:14 AM
    “The tourism industry will continue to evolve and diversify but traditional tourists will remain a big part of the industry.”
    ++++++++++++++++
    And you know this because you have the world’s only flawless crystal ball? or perhaps you consulted Psychic Astra Clairvoyant 425-4370 from the Nation Classified section today.

    The only thing that is constant is change… you sound exactly like the wise men I talked to back in the 1970s who assured me with absolute confidence that the sugar industry would obviously be the centre of the Barbados agricultural economy when my grandchildren were alive.

    They were completely wrong. You are completely wrong. You both based you predictions on your hopes rather than on facts. Take a look at the facts… please.


  29. @PLT

    Thanks. I thought the your notion of devaluation was your own. Thanks for confirming. There is no need for further discussion.

  30. peterlawrencethompson Avatar
    peterlawrencethompson

    Hal Austin January 4, 2021 11:38 AM
    I am agreeing with you Hal. We need to look forwards not backwards. We need to break the old mindset. “A new mindset comes through the ability to ignore received wisdoms…” EXACTLY! We must “… think for one self, critical thinking. That is the mission of education…” ABSOLUTELY!” “We need people with new ideas to lead the national conversation…” yes we do, and I’m doing my best in my own tiny, idiosyncratic way.

    I was just pointing out from whom we received those ‘wisdoms’ and emphasising that we need to ignore such received ‘wisdoms’.


  31. I agree with Peter We aspire to be like the white people over and away.

    As I had to tell a certain person just a few days ago – my idea of success is not Eurocentric. I see no need for more, more, more! Indeed I have never travelled overseas to shop and bring back stupid trinkets. I took most of my holidays to coincide with school vacations to do volunteer work with “my” children. My house is not small but not large by today’s standards. I have never bought an SUV. I have plenty of mauby in my cupboard but no champagne.

    Some of my very best memories are of my “escapades” with those children and I feel I have “done something with my life”. I am happy.

    But some drop remarks that suggest they are a little confused about the definition of success. They seem a little contradictory.

    I call it the Overseas Bajan Condition. Seriously, I think SOME people have it worse than stay-at-home Bajans. I think the white man has infiltrated some minds and given them a second dose.

    The symptoms are that they don’t know if they are fish or fowl. They claim to be concerned about Bajans but they seem to have no respect for them.

    Indeed they cannot make an otherwise constructive comment without diagnosing us with a peculiar Bajan Condition or even without dropping derogatory remarks like an old time woman at the standpipe.

    Then they claim total innocence just like the white Englishman and expect to be believed and deferred to. As though we can’t see what they do. And they expect not to be challenged.

    Cuhdear Bajan correctly called it an expectation of white privilege

    Just like the white man! Just like the British “star” and her “massive misunderstanding”.

    Now, before I am accused of wanting to “pick a fight”, let me black out the stupid remarks deliberately dropped to provoke precisely the “personal attacks” the hypocrite claims to rail against and be the bigger “man”. I’ll let him be the “woman”.

    Henceforth I shall “ignore” and continue with rational and constructive discussion.

    And one final dig I cannot resist.

    He may have the last word.

    (Whispering – let’s see if he can “man” up and shut up.)

  32. peterlawrencethompson Avatar
    peterlawrencethompson

    @Hal Austin January 4, 2021 11:51 AM
    “I thought the your notion of devaluation was your own.”
    ++++++++++++++
    It does not matter whose notion it is, all that matters is that it is correct… and it is.

  33. peterlawrencethompson Avatar
    peterlawrencethompson

    @Hal Austin January 4, 2021 11:51 AM
    “I thought the your notion of devaluation was your own.”
    After all Hal, I am simply following your excellent advice about how to build the “kind of society we will like post-CoVid.”
    I am a devotee of developing a new mindset, so I did not refer you to the many expert economists who happen to agree with me, even though that is what you appeared to be requesting when you said “Plse direct me to the author of such a theory.” Instead I opted to follow your other wisdom and use my new mindset. “A new mindset comes through the ability to ignore received wisdoms and think for one self, critical thinking.”


  34. Oh hell!


  35. PLT
    None of the above because like you I look at the facts too.


  36. @ William

    Here is a chance to develop a new road map for the nation. We are missing an opportunity created by the CoVid crisis.

  37. Carson C Cadogan Avatar
    Carson C Cadogan

    This is the time for change.

    It is more than time for the 97% of the Barbados population THE BLACK PEOPLE to be given a bigger slice of the FINANCIAL cake. This situation of the 3% of the Barbados population , the WHITE BAJANS AND THE INDIANS have got to come to an end.

    A TINY slither of the Barbados population ruling BLACK PEOPLE HAS GOT TO , stop. These people are not even very smart.

    What ever we come up with must be in favour of the majority of the population, the 97% of the population of Barbados, THE BLACK PEOPLE. For a change giving the MARIJUANA TRADE to the WHITE BAJANS AND INDIANS is a no, no, those regulations must be thrown thru the window and start fresh. Making another MODERN DAY plantation for WHITE BAJANS AND INDIANS is not acceptable. So come again. You BLACK SELLOUTS in the Barbados Labour Party Govt. got act differently.

    We simply refused to be SLAVES AGAIN.

  38. Carson C Cadogan Avatar
    Carson C Cadogan

    These WHITE BAJANS AND INDIANS can only survive in docile Barbados where the 3% of the population were the most BRUTAL TO OUR ANCESTORS.

    We must not reward their descendants like we are doing now.

  39. Carson C Cadogan Avatar
    Carson C Cadogan

    And now the Barbados Labour Party Govt. is blaming BLACK BARBADIANS for what is going on in the Country. They are are no to be blamed. It is the Leadership of the Barbados Labour Party Govt.

    You have foolishly listened to the WHITE BAJANS AND INDIANS and opened the Country to whosever will to come in with their disease selves and spread that diseases.

    Now the Barbados Labour Party Govt. is shamelessly blaming BLACK PEOPLE .

  40. peterlawrencethompson Avatar
    peterlawrencethompson

    @Enuff January 4, 2021 1:37 PM
    “… like you I look at the facts too.”
    +++++++++++++++++++++
    Excellent. Please share with us the facts you looked at to predict that “traditional tourists will remain a big part of the industry.” Over what time frame is this prediction valid? 3 years? 10 years? 30 years? What constitutes “a big part” in your estimation? 80%? 50%? 30%? 10%?


  41. @Peter

    Enuff maybe extrapolating from the incoming travel data for November and December 2020.


  42. @ David.

    Extrapolating data on arrivals when covid is still in full force is like me forecasting dry weather for the next 3 months because today sunny.

    No one can predict tourism activity simply because our home markets can be shut down at anytime if infections spike. It’s the unknown factor that makes predictions in tourism not worth listening to.

  43. William Skinner Avatar

    @ PLT
    “The rational arguments in favour of devaluation centre around the increased competitiveness of exports, but this is only an advantage if firstly, we had significant manufacturing export industries, and secondly, if those export industries could quickly and dramatically ramp up production to take advantage of increased demand. The only significant manufacturing export industry we have that is not entirely dependent on imported raw materials is our rum distilling industry. No matter how much you increase its competitiveness next wee, it is still going to take 12 years to manufacture a 12 year old rum, so it is impossible to ramp up production quickly.“(Quote)

    This is the exact argument I have been making for twenty five years. The only reason Trinidad survived devaluation was its oil industry. Devaluation has destroyed the Guyana economy and has literally sunk Jamaica’s. The Barbados economy is stronger than both.
    Yesterday , I read that COVID had cost the Jamaica economy 76 Billion Jamaica dollars. How much of that is “ real” money? The IMF has been in Jamaica for forty two years.
    We need to move toward a common regional currency. My whole argument is that I would prefer to support a great economic struggle for the next twenty five years and emerge with a vibrant new order, than remain in this dependency/ mendicant economic state.
    We need a new regional economic order but we have no leadership. Your argument is sound however we look at it.
    The problem with us is that we want change but we want everything to remain the same. We are afraid of our shadow.


  44. @John A

    You are correct to a point. The argument being made by enuff is that when heed immunity takes effect there is a reasonable expectation based on demand for travel during Covid that numbers will bounce quickly. It does not mean we should not reduce reliance on tourism kind you.


  45. @ David.

    It’s not that simple either. Remember the hope is the vaccine will have a 90% success rate. So what is 10% of the American population alone? It’s over 20 million. So if let’s say every human in the USA was vaccinated which is impossible, there will still be 20 million plus Americans who could transmit the virus. The vaccine is a good thing but it is not a cure.

    Also we do not know how long the vaccine will work for. Will it be 3 months, six months a year? Will a vaccine resistant strain present itself, if in fact one is not out there already?

    The safest thing we can do is reduce our dependancy on tourism full stop. Expand our agriculture and alternative energy base and go forward on the basis that a USD saved on imports is the same as a USD earned in tourism.


  46. @John A

    It has been established that we will still still need to observe covid protocol and in the meantime we have to work at vaccinating our people. Mia gotthis!


  47. @William

    With great respect, what you say makes political sense, but it is economically wrong and for a variety of reasons, which I will try to explain.
    If we have a high current account imbalance, which overflows in to the debt to GDP ratio, devaluation makes the cost of imported goods more expensive. It will also put the brakes on travelling and spending overseas extravagantly.
    It will also make our tourism ‘product’ (what an awful word) less expensive, thereby attracting more visitors and encourage them to spend more. There is a long literature on this, since the formation of the Brettons Woods organisation, which I will not bore you with. I recommend one, that is a 1953 paper by the rightwing Milton Friedman on exchange rates.
    Our export market is small, and what there is is mainly trading down the islands, which would not have a great impact on the economy.
    In any case, we must include internal devaluation in our calculations. For example, the G4S security guards did not have a pay rise for allegedly seven years, whatever the rate of inflation that is effectively a pay cut.
    A better argument is that devaluation may increase the cost of servicing our considerable debt, most of which is denominated in US dollars. But that is not inevitable. The Debt can be restructured, as per White Oaks, or the printing of money, the only risk of which is asset inflation.
    We control that by limiting what banks can lend and establishing a prices and incomes commission to control all price and wage increases.
    As to its effect on the export of rum, our only genuine international product, it will be minimal. Barbadian (Bajan) rum is a premium product and those who want it will buy it.
    I can go on about rum and the international market, but to do so on BU will only be providing free ideas to the white rum producers.
    The suggestion that devaluation will impact the lowest 20 per cent of workers is simply an economic myth, lacking in evidence. Devaluation will re-energise the economy and create more jobs, mostly low-paid, but jobs nevertheless.
    I do not know anything about Guyana, but CoVid has given us a unique opportunity to discuss the kind of society we want going forward. I have also deliberately left out its impact on the value of property as that could take us away from the substantive issue..

  48. peterlawrencethompson Avatar
    peterlawrencethompson

    @Hal Austin January 4, 2021 3:53 PM
    “It will also make our tourism ‘product’ (what an awful word) less expensive, thereby attracting more visitors and encourage them to spend more.”
    ++++++++++++++++++
    BS .. It will make our tourism product less expensive which will mean that the tourists will spend more when it’s denominated in Bajan dollars, but this is supposed to be earning us FX… their spend in Sterling or Euros or USD is constrained by their own economic circumstances, which are depressed. We will simply get more rude entitled racist tourists while, because they are budget tourists rather than high flyers, the spend per visitor declines and our overall FX earnings stay stagnant while we bear the increased environmental, public health, and economic costs of the increased tourist load.

    I am astounded that you quote Milton Friedman… he is so utterly discredited as an economist, in addition to being 70+ years out of date, that his only lasting contribution to public discourse is how to foment a right wing coup by fascist military officers.


  49. @ David.

    Mia ain’t got this at all!

    Based on the fact that permission was given for a bus crawl and that fiasco at Paradise was allowed to not only occur, but proceed for the entire day nobody has this. Add to that the breaches on protocol that have occurred with visitors and nobody ain’t got this.

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