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. @John A

    From today’s numbers i.e. 170 of the 211 cases prison officers the bus crawl maynot be the source.


  2. @ Hal

    There is no need for devaluation as we have already had a major internal devaluation. If persons have not received a raise for ten 10 years and inflation has run at 3% a year, then an item that cost $100 in real terms would not cost over $135. So the person that is still working for the same $100 would already of had a 35% devaluation in real terms. That’s why if you facture in inflation this ecomomy could be 40% smaller today than 10 years ago. They my friend are frightening numbers!

  3. peterlawrencethompson Avatar
    peterlawrencethompson

    @Hal Austin January 4, 2021 3:53 PM
    “Devaluation will re-energise the economy and create more jobs…”
    ++++++++++++++
    More BS. You make this assertion without having provided an iota of evidence or explaining where these jobs will pop up. In tourism? Fat chance because budget tourism is a poor job creator. Beach vending? well we have years of experience trying to grow that with 850,000 cruise visitors per year who sit on the beach, pollute our environment, and spend next to nothing. Prostitution perhaps??

    You correctly point out that “… we must include internal devaluation in our calculations…” Yes, indeed we must because it provides a test case for the economic effect of devaluation. Where is the economic growth that internal devaluation has caused?? Where is the re-energised economy and job creation caused by internal devaluation??

    You have thereby proven your own arguments to be false. QED


  4. @ David

    Yes the crawl is part of the problem but the biggest challenge is going to be the paradise issue. Not only did you have the boats there but all day you had walk in people with coolers coming and going.

  5. Carson C Cadogan Avatar
    Carson C Cadogan

    Mia to address the Nation!!!

    Cant wait to watch her. will she take ALL the credit???? if there is any??? BUT NONE OF THE BLAME????

    Some one,s fault????


  6. @John A

    Indeed a grave situation. We allowed complacency to set in after we were off to a good start. We draw strength however from the fact other islands/countries had to deal with breakouts. This is the nature of fighting COVID 19.

  7. Carson C Cadogan Avatar
    Carson C Cadogan

    That’s what happens when you don’t act in your own peoples interest


  8. @PLT

    I am not sure if you are creating a straw man and then knocking it down. I have not, nor do I talk about the idea of earning foreign currency, apart from that it is nonsense.
    So you do not misunderstand, I have been calling for trading in the credit swap markets (derivatives) for the last 12 years for reasons I will not go in to now. I suggest you read my Notes…some of which ere published on BU. The arguments are still legitimate.
    I did not quote anything from Friedman, I recommended his 1953 essay on devaluation. I do not want to give the impression I am defending Friedman, but as a monetarist heterodox economists obviously oppose him. Where is the discredit?
    Ideas do not go out of date. Each generation interrogates and re-interprets old and not so old ideas. In Barbados we still have a half-baked austerity programme; that is Friedmanite monetarism. You yourself have often talked about monetarism’s influence on Reagan and Thatcher, the last time I had to correct you that Friedman did not have any intellectual influence on Thatcher.
    Just look at the Bible. What right-wing coup did Friedman foment. The Chilean military take over was not at his instigation, even so, as any one who knows about pensions will tell you, the 1981 Chilean pension development has led the rest of the civilised world since then.
    Not a single western government has introduced pensions reforms without paying homage to Chile Does that also make them Fascists?
    These range from the US 401(K), New Zealand’s Kiwisaver, Australia’s superannuation, the UK’s personal accounts and stakeholder, I can go on.
    If you are discussing politics, then do so; economics; then do so; history, then do so. But you are all over the place and getting it wrong.
    If we cannot get the history of ideas right then everything that follows will mislead.

  9. peterlawrencethompson Avatar
    peterlawrencethompson

    If anyone wants to read up to date economic analysis of the effects of large currency devaluations on impoverished people rather than the 70 year old neo-fascist propaganda from Milton Freidman it is easy to find.
    *THE DISTRIBUTIONAL CONSEQUENCES OF LARGE DEVALUATIONS by Javier Cravino & Andrei A. Levchenko, NATIONAL BUREAU OF ECONOMIC RESEARCH, May 2017
    *The Socioeconomic Impacts of Structural Adjustment, by Brian F. Crisp and Michael J. Kelly, International Studies Quarterly Vol. 43, No. 3 (Sep., 1999)
    *PERCEPTION ON THE NAIRA DEVALUATION AND ITS EFFECTS ON POVERTY REDUCTION IN NIGERIA by Uket Eko Ewa (Ph.D), Adesola Wasiu Adebisi (Ph.D) and Agida Joseph Ijing, Department of Accountancy, Cross River University of Technology, Ogoja, Cross River State, Nigeria
    *Effects of devaluation on income distribution by Mohsen Bahmani-Oskooee Department of Economics , University of Wisconsin-Milwaukee , Milwaukee, WI, 53201, USA


  10. @ David

    Here are some more facts as to why the tourism rebound will be delayed.

    Day before yesterday between the USA and England they had over 270,000 new cases. Record days for both countries since the virus started. Secondly the USA has only vaccinated about 13% of the people they thought they would of by January 3rd, so they are 80% off what they thought would of been actual shot in the arms by now. Europe also is having similar challenges. So their is doubt if any herd immunity can even be reached in 2021 at all, based on the reduced vaccination numbers. Add to this now the fact that one of the vaccinations requires 2 shots.

    With all the facts out there no goverment should bank on any rebound in tourism as their salvation. Also remember the threat of a resistant strain could come along and render these vaccines useless as well. As I said this first quarter will show us the largest percentage contraction in the economy so far. Remember last winter season to March wasn’t bad but this one will be our worst in 20 years. From the second quarter though we will be comparing Apples with apples as both comparative quarters would be post covid. .

  11. peterlawrencethompson Avatar
    peterlawrencethompson

    @ Hal
    We are not discussing pension reform or monetarism or Thatcher or the Bible. We are talking about the effects of drastic currency devaluation on the living standards of the poorest 20% of Barbadian citizens in 2021.

    You claim that it will “re-energise the economy and create more jobs…” I claim that it will “will impose much more hardship on the bottom 20% of income earners who are already living in poverty…”

    Which claim has more validity? We agree with your assertion that “… we must include internal devaluation in our calculations…” because it forms an experimental test case in local conditions which enable us to test the validity of our contradictory claims. I contend that as you say “the G4S security guards did not have a pay rise for allegedly seven years,” and this imposed much more hardship on these relatively low paid employees as a result of this internal devaluation. I am therefore waiting for you to show data or examples to show how this internal devaluation re-energised the Barbados economy and created more jobs.


  12. England is back in full lockdown

  13. peterlawrencethompson Avatar
    peterlawrencethompson

    @TronJanuary 4, 2021 11:35 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.”
    ++++++++++++++++
    I applaud your honesty… there is none of this snake oil self deception that it will miraculously “re-energise the economy and create more jobs.”

    I myself do not have the stomach for imposing such brutal hardship on the least fortunate of my neighbours.

    I do completely agree with your other policy recommendations to limit the size of vehicles, reduce the oversupply of lawyers, dramatically convert to solar energy, ban bottled water imports, etc.

    In fact I think we should go even further and unilaterally abrogate the constraints we face under the WTO using the COVID pandemic as an excuse. We should observe all the procedural minutiae of giving notice, applying for exemptions, and writing exceptions etc, but we would not be asking for permission, just politely saying “excuse me please.” By the time the gears of international diplomacy grind into action over our insignificant economy it will be 2030 and we will have achieved the social transformation that we seek. (In fact this could consume at least 100 person years of lawyer power just on bureaucratic muddying the WTO waters that is surplus to our requirements to do productive things.)

  14. NorthernObserver Avatar
    NorthernObserver

    🥅….🥅
    Beware of the shifting sands


  15. So with Boris locking down England completely 45 minutes ago to February 14th I guess there will be no British flights till after the 14th except for repatriation.


  16. @PLT

    You wrote this: “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….(Quote)
    It was false since I did not quote from Friedman. I suggested one of his essays for possible reading. Should I have ignored that reference?
    You called the Jewish Friedman a Fascist, without any evidence. His only public association with Fascists was with the military in Chile. I pointed out that despite its Fascism, the Chilean pensions policy was the most progressive of its time. Should I have ignored that?
    This is what you said the conversation was about: ”

    @ Hal
    We are not discussing pension reform or monetarism or Thatcher or the Bible. We are talking about the effects of drastic currency devaluation on the living standards of the poorest 20% of Barbadian citizens in 2021….(Quote)”
    Again you have created your own straw man. It certainty was not my conversation. My only mention of Barbados was about the government’s austerity programme, and t hat was in the context of monetarism.
    I was discussing devaluation and its impact of the bottom 20 per cent of the working population. And I am saying that idea is false.
    I also mentioned an effective internal devaluation, but Barbados has never had an official policy of internal devaluation so to measure its impact is meaningless.
    As to the defacto internal devaluation, it can be argued, and I support the idea, that because of extremely low wages, no or little pensions and other benefits, some employers and owners of zombie companies could afford to keep on extra workers. But this is not an official policy and so cannot be measured. I am saying the historical evidence suggests otherwise.
    You say again: ” I am therefore waiting for you to show data or examples to show how this internal devaluation re-energised the Barbados economy and created more jobs…(Quote|)

    Is this a test you are setting me, since it did not form part of my conversation. Again, I was talking about economic theory and history, not about the Barbados economy, except where I used it as an example of austerity in the context of a wild suggestion of a 70 yr old essay..

    Again you state: “………..Where is the economic growth that internal devaluation has caused?…..(Quote)

    Plse give a single example on BU when I called for economic growth. You continue to switch and change from foreign currency to economic growth, neither of which I have ever written about favourably, and fabricate. What growth?
    You must stop it, @PLT. If you want to have a discussion about growth, I am your man, but do not fabricate my arguments. I am on the internet reviewing a book on economic growth by the son of the great economist JK Galbraith. In fact, the author generously expressed his thanks. In fact, the review is critical of the concept of growth.
    Especially for @PLT. Over the last two days I have written a note on how CoVid should trigger a debate on the kind of society we should have.
    It does not include economic growth, the materialist conception of wealth, but moral wealth. I am not in support of economic growth, which is limit ed, but improving the standard of living of ordinary working people. There is a difference.

  17. peterlawrencethompson Avatar
    peterlawrencethompson

    @ Hal
    This is Barbados Underground… we are talking about Barbados. You are correct, you did not talk about economic growth you talked about a re-energised economy and job creation caused by internal devaluation. I made the assumption that you would measure “re-energised economy” in terms of growth. Forgive me. How do you measure an economy being re-energised?

    You have managed to evade the question I asked right after “Where is the re-energised economy and job creation caused by internal devaluation??” We are still waiting for your answer.

    I completely agree with you that the post COVID society we seek to build should not be based on economic growth. I think that it is an outmoded and cancerous concept. I work to “improving the standard of living of ordinary working people” and that is why I cannot support currency devaluation in Barbados when so many empirical studies show that it will do gross harm to the standard of living of ordinary working people.

  18. peterlawrencethompson Avatar
    peterlawrencethompson

    @Hal
    So let us move on to talking about improving the standard of living of ordinary working people in Barbados.


  19. THOSE LIVING WITH THEIR HEAD UP THEIR BACKSIDES ON THE 2 x 3 ISLAND HAVE ANOTHER SURPRISE COMING WITH OPEN BORDERS POLICY

    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

    South African Covid variant could be resistant to vaccine, expert warns

    The coronavirus variant circulating in South Africa could be resistant to the vaccine, a leading expert has suggested but stressed that it could take just six weeks to develop a new jab if one was needed.

    Sir John Bell, regius professor of Medicine at the University of Oxford, said his “gut feeling” was that the vaccines already on stream would be effective against the new UK strain, which was first identified in Kent.

    But he added: “I don’t know about the South African strain – I think that’s a big question mark.”

    South Africa was put into lockdown last week after President Cyril Ramaphosa said the new variant, 501.V2, appeared to be “more contagious” than the virus that circulated in the first wave.

    Matt Hancock, the Health Secretary, said on December 23 that two cases of the South African strain had been identified in the UK. The cases and their contacts were quarantined, and the Government placed strict restrictions on travel from South Africa.

    Speaking on Jan 4, he said he was “incredibly worried” about the South African variant of coronavirus.

    “This is a very, very significant problem,” he said.

    https://www.yahoo.com/news/south-african-covid-variant-could-181215979.html


  20. @PLT firms could afford

    I am sorry I did not give an answer you were looking for. I have said there has not been an official policy of internal devaluation in Barbados so it is difficult to measure. I then speculated that we can assume that because of internal devaluation some zombie companies could afford to employ a high number of low-paid people. Is that a good enough answer for you?
    As to improving the standard of living of ordinary working people in Barbados, that is a decision for those people. How would I know what is a good standard for an entire nation?
    I may want to start with the educational system, from nurseries to university, and believe this is a good place to start. Others may think otherwise. That is the purpose of a national conversation.
    I may think a one-car per household may improve the nation’s quality of life, others may want four or five cars; I can go on with suggestions about jobs, housing, health care, etc.
    By the way, you can re-energise an economy with modern monetary ideas, it is sometimes boring reoeating yourself, but here is a simple idea.
    Instead of defaulting on our domestic and external debt, the government should have embarked on a massive infrastructural programme, sending the bulldozers in to the slums and then rebuilding. I have explained this numerous times on BU.
    Such a policy may lead to economic growth and an increase in tourists, but that would not be the aim; the intention would be an improvement in living standards.


  21. plt your right dont devalue you have nothing to sell, let the apt, hotel owners etc find their own price point where they can make a living. There is a silver lining about covid, I just got 5 year mortgage money at 2 .25 percent. If you own property and can renegotiate your debt see if you can extend and blend giving you access to monthly cash. I had been paying on term insurance for 30 years instead of mortgage insurance, just cancelled it freed up 400 a month.. You have to get to know the difference between a want and a need ( that car may last another couple of years) the govt should spend on infrastructure and island beautification putting people to work . This may be hard but like trees in the forest some businesses are going to fall but in short order something else will fill that space once this pandemic gets sorted out dont spend govt money trying to prop them up.


  22. I cancelled my term insurance as soon as my children were old enough to work for themselves.

    Next month will be 22 years since I decided that no car works for me. I was able to provide my children with a much better quality and much greater quantity education; since I had to pay no car loans, no car insurance, no road tax. In 22 years that adds up to a lot of money.

    The only “sufferer” has been the banks which sell car loans, and the companies which sell cars.

  23. William Skinner Avatar

    @ Hal @ PLT @ John A

    I have heard the term internal devaluation bandied about BU. I don’t think that there has been any determined policy of internal devaluation by any of the administrations.
    We are really saying that more money bought less or was worth less. That has been the norm since the sixties. I think we are going a bit overboard here.
    Why aren’t we discussing how we are going to build a new economy. For example , what role would we expect education to play in such a radical process. How are we going o approach land reform. How are we going to revolutionize our public service. What must be the real role of the private sector in the post COVID era. Unless we are discussing that’s matters, we are actually suggesting that we do the same thing while expecting different results.
    We know where we are today; we’ve got a pretty good understanding of where we will be for the next 5/10 years. However, the real vision should be : where will we be the next 25/50 years.


  24. In a recent FB post by Dr. Robert J Rowen, an MD and Functional Medicine practitioner from Santa Rosa, California, he reports news of the successful use of ozone therapy to treat 4 severely ill Covid-19 patients in a Chinese Hospital.

    I have long said that if you turned the ozone doctor loose in hospitals, you’d turn the nation’s (world’s) “health” cost crisis around extremely quickly. I take hits on this page, including on ozone, but from people who are not witnesses to what oxidation therapies have accomplished. Here is a report from near ground zero in China where ozone therapy healed some pretty sick people and apparently at only 10% the cost of conventional management. Even those hell bent on conventional medicine should take note. Their physical and economic lives and those of their families are also at risk.

    Recently published – excellent clinical study on four Covid patients healed thanks to the administration of oxygen/ozone, published on November 25 in the journal Innovation (NY).

    “”” The protocols were carried out at the Haihe hospital of Tianjin University, one of the most prestigious institutes in China.
    Under the title “Recovery of Four COVID-19 Patients via Ozonated Autohemotherapy”, the authors reported treating four Covid patients hospitalized in serious condition and completely healed after undergoing oxygen/ozone therapy.

    Of the four patients (age group 56-77 years; two women), two were smokers and three had no pre-existing medical conditions.
    At the time of admission, the four patients had fever, cough, shortness of breath and diarrhea and had been receiving oxygen by mask. Comprehensive analyzes were performed during hospitalization. Shortly after the start of ozone autohemotherapy, all laboratory parameters returned to normal and those relating to the infection were significantly reduced.

    All patients improved through complete recovery.

    More: facebook(DOT)com/DrRobertJRowen/posts/1457562827775047?cft[0]=AZUhI7HtkqhQR62wjzCPF2m4lMEg8gSDtTZwFao7QyQmVPy-ow-cjTfE9BOzkQcMNlAnrx03oqeYIqJ619J-AAU3ujuQxe6CyjCTByblHN9665uB6eDQJM6ebeLyCmIyl5JPvqyfSzbZ3CEI4iVDNVIP&tn=%2CO%2CP-R

    Here is a short excerpt from another, longer FB post by a different author giving some of the history behind ozone therapy and the difficulties encountered getting this non-patentable treatment option approved as a legitimate therapy by medical authorities and regulators.

    The Covid Nightmare: A Quick Solution Out Of The Pandemic
    Marc J. Seifer, Ph.D.
    © 12/28/2020 – Mseifer@verizon.net

    In April of 2020, after learning of the success Ozone Therapists were having in treating Covid-19 in over a dozen hospital in Italy, a Texas health clinic began to offer Ozone Therapy as a treatment for Covid-19. The FDA moved swiftly, and well before the month was out, a federal court slapped on a permanent injunction preventing this clinic from using “so-called ozone therapy as a treatment for Covid-19.” Taking what they presented as the moral high ground, the FDA proclaimed that this health clinic “preyed on public fear, peddling bogus treatments that had absolutely no effect against Covid-19…. As we’ve said in past Covid-19 cases: The Department of Justice will not permit anyone to exploit a pandemic for personal gain.” Assistant Attorney General Jody Hunt of the Justice Department’s Civil Division went on, stating, “The Department of Justice will not stand by and permit the fraudulent promotion of supposed Covid-19 treatments that do no good and that could be harmful…. We are working with law enforcement and agency partners to stop those who attempt to profit by selling useless products during this pandemic.” (Court prohibits Dallas Wellness Center from touting ‘Ozone Therapy’ as Covid-19 treatment – FDA).

    How noble of the Justice Department to protect us because the FDA has proclaimed that, “Ozone is a toxic gas with no medical application.” The fact that Assistant AG Jody Hunt completely ignored the twenty or more medical doctors from Italy who found that Ozone Therapy was indeed helping Covid-19 patients, and also ignored the twenty-year old discovery from Scripps Institute that our own immune system produces ozone for the express purpose of disabling pathogens is inexcusable. Nevertheless, the Department of Justice had ruled and the lemmings fell in line.

    At the end of June, the Texas Medical Board softened this ruling allowing Ozone Therapy to be used with patient’s consent “as long as the physician documents that he or she has tried other conventional methods if any exist,” but the damage had been done. Along with the FDA, Google has buried this counter-decision and the end result is that no doctor that I know of who is not already an ozone therapist won’t touch this procedure with a ten-foot pole. Nor will the science writers for such newspapers as The Boston Globe, Washington Post, New York Times, Wall Street Journal, TIME Magazine, etc. or such talking heads as Anderson Cooper, Jake Tapper, Sanjay Gupta, Norah O’Donnell, Lester Holt, Chris Wallace, etc., etc, act on this information. And thus the efficacy of Ozone Therapy has been overlooked by the President and Vice President, President Elect and Vice President Elect, Dr. Fauci, Dr. Birx, Governor Cuomo, Governor Newsom, Governor Baker, Governor Raimondo and a dozen other governors, forty+ US Senators, the presidents of every Ivy League university and numerous other VIP’s that I have contacted because all they read is that “Ozone is a toxic gas with no medical application,” and then their brains shut off.

    Article in full at: https://www.facebook.com/marc.seifer.3/posts/3615650508513520


  25. I have long suggested on this site that this COVID situation should give us a great argument against WTO unfair regulations. We should just do what we have to do whilst making our arguments.

    This is the perfect opportunity to break those shackles. What with the race conversations now being demanded the environment is perfect to shame the bastards.


  26. In keeping with the “Take your knee off my neck” theme.

    Also the climate change factor where the pollution from these countries disproportionately affects those of us who add little to the pollution.

  27. William Skinner Avatar

    @ Donna
    We must also break intellectual shackles. We are educating people to think like others. Quite frankly from an intellectual point of view we are copying what our former masters did. Like you said , in a previous post, we are measuring progress by their terms and they set the rules and move the goal posts as they wish.
    There is a lot of work to be done and we need leaders throughout the region to do it. We all agree that COVID has presented a new canvas. The question is whether we want to draw for ourselves or copy others. This applies to the whole region.
    The choice is ours.

  28. William Skinner Avatar

    @ Hal
    We all see the river. How do we get to the other side if we are not united and all the islands see themselves as little kingdoms. I have realized that on BU , we would spend two weeks discussing USA/ England. Yet , any conversation about Regional development falls flat. Once more it’s an indication that politically ,many have mentally given up on a new Caribbean State. The greatest post slavery failure of the Caribbean was the Federation.
    I have read thousands of posts on BU and we reference all types of writers and thinkers but less than one percent are from the region.
    It’s becoming a very tedious exercise , reading what we write but realizing in many ways we are not only looking for Massa but apparently , desire to welcome him back. Perhaps he never left.
    We seem proud to stand and address an empty United Nations hall.
    Barrow’s question remains: What mirror image do we have of ourselves. It’s a question that should have been asked of the entire region.

  29. Carson C Cadogan Avatar
    Carson C Cadogan

    One big disappointment. The news conference. An exercise in futility.

    “Hard ears you wont you wont hear, own way you will feel.”


  30. Cuhdear BajanJanuary 4, 2021 6:54 PM The only “sufferer” has been the banks which sell car loans, and the companies which sell cars.

    Good for you. The banks have become nothing more than modern day shylocks, the only thing that matters to them is the bottom dollar. Begging to give people loans for the most expensive cars, that only last seven years anyway, that people can scarcely repay, but unwilling to lend for land purchase or a very long term loan on a generally appreciating asset, such as a house or apartments, especially without a deposit.

    And forget loans for business, unless you are a monied person.

    I am convinced that the banks, in their current iteration, have outlived their usefulness in the smaller developing countries. At least, the foreign banks.

    The government needs to set back up the Barbados National Bank, that was a major error by Arthur, in ending that.


  31. illiam SkinnerJanuary 4, 2021 10:10 PM @ Donna
    We must also break intellectual shackles. We are educating people to think like others.

    Why do the Caribbean leaders still cowtow and treat Cuba as a pariah, when it should be welcomed into the fold of Caribbean nations?

    Intellectual shackles indeed. Open the minds and move forward, stop looking back.


  32. Prepare for life after tourism
    I WAS WATCHING a programme on CBC Channel 8 on January 1 on the review of the year 2020. I sat and listened to the economist go on and on about what is necessary to get the economy back on track and talk about the projections for such. Much of what was bandied about by him and other guests was, as usual, tourism-based.
    The presentation that stood out for me, though, was Dr Christina Hinds, when she spoke about the traditional dependence on tourism and the eerie arguments used to maintain this industry as Barbados’ main revenue earner.
    She spoke about the similarity to the 1890s and the fact that similar arguments were raised by the financiers and plantocracy at the time to retain sugar after the loss of protectionism and the competition from beet sugar.
    The assertion then, as it is now, is that there is a reluctance to diversify the economy.
    This is documented in The Rise Of The Phoenix – The Barbados Mutual And Life Assurance Society In Caribbean Economy and Society, 1840-1990 by Cecilia Karch and Henderson Carter.
    So, as I often maintain, nothing much changes as far as the elites are concerned in this country.
    We keep doing things that are told to us by people with narrow self-interests. We are often bombarded with oxymoronic slogans like “sustainable development” and like sheep are often herded into doing what domestic and international elites dictate.
    For example, amidst this whole COVID-19 pandemic, I am hearing less about healthy eating and lifestyles than about the procurement and administration of vaccines. I think this should be our main focus rather than believing like the metropolitan countries that we can fix every ailment that arises out of our unnatural way of doing things.
    At the end of the day, we have to be more productive in this country and truly democratise the economy. There is a tight circle of people who continue to benefit regardless of the political change of guard. This needs to end.
    There are many young people out there with ideas but lacking access to capital. The stranglehold that the banks and credit unions have on the economy stifles true growth.
    Let us return to Karch and Carter for a while. In their book, they spoke about the formation of the Barbados Mutual Life Assurance Society at a time of crisis for the economy then, with Africans suffering unspeakably more than the plantocracy.
    Where is there such an arrangement for African-Barbadians here and now?
    The financial rules are extremely stringent and centralised with a lack of creative imagination from most lenders.
    As much as we talk about promoting agriculture and getting it up and running, this remains elusive. Commercial agriculture is not the answer. The hegemonic dominance of large plantations needs to be broken up and land needs to be distributed to people.
    The stupid myth that commercial farming is the answer to feeding the world and boosting the economy has been largely discredited.
    “Land,” as the African American leader Malcolm X said, “is the basis of independence.”
    Professor Sir Hilary Beckles critically examines landlessness in postemancipation Barbados in his book, Great House Rules – Landless Emancipation and Workers’ Protest in
    Barbados 1838-1938.
    People must be able to feed themselves in a healthy manner and eliminate the artificialities of the unhealthy distribution food sector.
    If labour cannot be found for large-scale agriculture where it still may exist, then we need to import it.
    This is nothing new to Barbados. If you go to dig sweet potatoes, you will see what I mean.
    Chinese are here in their numbers. Why are we not opening up our economy to continental Africans and African-Haitians who would be glad to work and settle here and boost the economy like other races?
    We cannot continue to spin like the proverbial top in the mud because it is us, the African majority, who are the ones who suffer the most from our leaders’ ignominious decisions.
    – IAN A. MARSHALL

    Letter to the Nation


  33. DavidJanuary 5, 2021 6:09 AM Very good article. Though, I disagree, sustainable development does exist and is actually what he speaks of later in the article.

    Why are so many plantations sitting idle? I hope not for development for the few to get rich by selling off small lots for housing. These plantations should be legislated to only be available for development as multiple small farms, no less than two acres each.

    There should be a parliamentary vote permanently outlawing any breakup of existing plantations, other than for agriculture, with the limit as stated.

    But that will not happen and we know why.


  34. @Crusoe

    A directive in law as you suggested must be supported with relevant financial and technical support. Bear in mind agriculture/food production is using scientific approaches these days.

  35. William Skinner Avatar

    @ David
    Most sensible article in years.


  36. Barbados does not treat Cuba like a pariah. Not for ages. Did not the US start trying to pressure us about the Cuban medical team here helping us to fight COVID?

    And what was our response?


  37. You came to mind after reading the letter to the editor William. We have some academics who are not talking heads for the establishment, regrettable that there are so few of them


  38. “Barbados does not treat Cuba like a pariah.”

    @ Donna

    You’re correct. Over the years, Barbados had a relatively good relationship with Cuba.

    There is Cubana Airlines Disaster Monument at Paynes Bay, in memory of all the passengers who lost their lives as a result of the Cubaba bombing. A few years ago, Cuban coaches were assigned to the National Sports Council (NSC); several Barbadians benefited from the Eye Surgery Program; and now we have Cuban nurses assisting us in the fight against COVID-19.

    We talk about ‘forging closer ties’ with our Cuban sisters and brothers. But, remain silent on racial discrimination and abuse of human rights in that island.

    Also, we only remember Haiti by singing songs and offering support for that country only when it is hit by some natural disaster. However, were is our concern when Haitians are murdered in neighbouring Santo Domingo?

    It’s worth discussing.


  39. (Quote):
    Why are so many plantations sitting idle? I hope not for development for the few to get rich by selling off small lots for housing. These plantations should be legislated to only be available for development as multiple small farms, no less than two acres each. (Unquote).
    +++++++++++++++++++++++++++++++++++++++++

    That situation will prevail as long as the Barbados is in a position to receive, on credit, financial crack cocaine from its ‘mothering’ loan-shark the IMF to prop up its balance of payments in order feed the hungry beast of conspicuous consumption with imported processed foods.

    But one day coming very soon sweet-living Bim is going to find itself in rehab and those fields and hills now overgrown with grass (and not ‘weed’ to feed herbivores) will be its only hope of recovery and source of survival.

    There is nowhere in Europe (and even Israel) would you find such ‘deliberate’ waste of good arable land relative to the size of any country on that landmass.

  40. William Skinner Avatar

    @ David
    I think that during this year , we may hear some of them come out. Sooner or later, we would all accept that it’s a new world post COVID and we can’t just keep hearing the same voices with the same worn and tired responses.
    We must develop small businesses and move rapidly into production of dozens of local products. And I am not talking about only those we eat.

  41. William Skinner Avatar

    @ Artax
    Well said. However, why would we expect a discussion about racism in Cuba when we to this day, have not had a discussion in depth about racism in Barbados.
    That’s the conversation we need to have.Can’t question my Neighbour about his dirty backyard if mine is dirty.
    All the best to you and yours in 2021. May all good things attend you.


  42. William,

    Another friend of mine has a brother who has recently opened a business of the non food kind. It is doing rather well at present.


  43. @William

    You must have heard the prime minister mentioned the fact we need to have serious talk about race in Barbados? She used the opportunity as a good political mention this is why Comrades Prescod and Grant were recruited to the PM’s Office.


  44. Good Morning,

    I am happy that I was able to find this forum as I love to hear liked minded individuals. I own ECO Lifestyle Lodge and want to thank peterlawrencethompson for the nod as we do believe that there is a need for a change in some of our tourism products. More importantly as David wrote in the beginning of the column, we could have just gave in and waited until this whole thing blows over but I am not willing to roll over. I wanted to find ways to sustain our employees and even grow during this time period.

    That lead me to take on another issue that has been mentioned in a few of these comments… bottled water. I have created an off grid water farm in Saint Thomas @ecoskywater in which we extract H20 molecules directly from the air and add Magnesium and Calcium which gives you the purest form of water possible. It has ticked a few needed boxes both in Barbados and Globally:

    We are creating high end water that does not need to be brought in from overseas (still and sparkling)
    We bottle in Glass and 100% compostable bottles that we compost on our farm made out of non GMO Corn
    We are creating water not taking it from the municipality and manipulating it.

    We have been donating water throughout the island to those in need and we will continue doing so as much as we can. What I really want is to create water for villages, schools, and other people in need and help solve the problems that we have on island so any help with the private and public sector is greatly appreciated. If any of you that have been on chatting on this column want to test the water or see what we are doing please contact me anytime at 246-832-8253 and I would be happy to give you samples.

  45. William Skinner Avatar

    @ Donna
    Great. We need hundreds of such ventures well financed and employing at least 5 people. Once they get the packaging right and maintain quality/ consistency, they will be on their way. This is about believing in ourselves and capabilities . That is the opportunity that COVID presents.


  46. @ William

    It is crucially important that we have a national conversation about the kind of society we will like Barbados. I have suggested that CoVid is a good stepping off point for this.
    It is quite frustrating when some people come on with the same one-note argument about colonialism or slavery or racism, as if no-one else understands those concepts.
    It is particularly when people who should know better fall in to this trap; or in discussing the economy there is no alternative to a form of Keynesianism, with useless talk about foreign reserves and economic growth – oft en which they hardly understand.
    If I, or anyone else, say we should ignore the stockpiling of foreign reserves that it is bad economics and economic growth is pie in the sky, we are dismissed because we are not exposing the normative story.
    About devaluation, it is very difficult to discuss important economic issues when people want to make political points, often lacking in history or understanding,
    Sadly, to criticise this government’s economic policy is seen by some as a personal attack on the prime minister. It is a smear meant to hide an inability to engage.
    Barbados deserves better..


  47. Founder and chairman of the ATL Group of Companies, Gordon “Butch” Stewart passed away last night. He was 79.

    https://www.nationnews.com/2021/01/05/butch-stewart-passes/


  48. I have created an off grid water farm in Saint Thomas @ecoskywater in which we extract H20 molecules directly from the air and add Magnesium and Calcium which gives you the purest form of water possible. It has ticked a few needed boxes both in Barbados and Globally:

    We are creating high end water that does not need to be brought in from overseas (still and sparkling)
    We bottle in Glass and 100% compostable bottles that we compost on our farm made out of non GMO Corn
    We are creating water not taking it from the municipality and manipulating it.

    We have been donating water throughout the island to those in need and we will continue doing so as much as we can. What I really want is to create water for villages, schools, and other people in need and help solve the problems that we have on island so any help with the private and public sector is greatly appreciated. If any of you that have been on chatting on this column want to test the water or see what we are doing please contact me anytime at 246-832-8253 and I would be happy to give you samples.

    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

    EXCELLENT INITIATIVE.

    HOPE THOSE WHO ARE FORWARD THINKING TAKE UP YOUR OFFER.

  49. Carson C Cadogan Avatar
    Carson C Cadogan

    should be “did not ” on line 3


  50. @ Carson

    Did you see last night’s performance by the president on CoVid?

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