Theory of value and property – Locke [John] uses the word property in both broad and narrow senses. In a broad sense, it covers a wide range of human interests and aspirations; more narrowly, it refers to material goods. He argues that property is a natural right and it is derived from labour.
Locke believed that ownership of property is created by the application of labour. In addition, property precedes government and government cannot “dispose of the estates of the subjects arbitrarily.” Karl Marx later critiqued Locke’s theory of property in his social theory – Wikipedia
Barbados celebrated Errol Barrow Day on January 21. One of the pleasures of the day was to listen and view the many audio and video clips which were broadcast on the day which featured The Right Excellent Errol Walton Barrow. Clearly evident was the vision of the man – many of the concerns he expressed in the 70s and 80s are still with us today. In one of the clips Barrow lamented that our banking, insurance, tourism and other key sectors were controlled by foreign interest. Sadly two or three decades later nothing much has changed on this front.
One of the many imponderables which seems to be confronting Barbados at this time is the extent to which, as a people, we have forgotten who we are. How do we want Barbados to be defined for our children? Do we still want to be friends of all and satellites of none? Why do we continue to allocate 20% of our education budget to education but seem to have a growing predilection to sell the fruit of our labour to foreign interest?
The BU household went into a tail spin when we read the article quoted above written by Ezra Alleyne in the today’s Nation. To be honest, it has created a bitter taste in our mouths after being doped by the euphoria of achieving one of yesterday’s 
A poster to BU made the quoted observation on the 3rd July 2007 and to our surprise in the Nation this morning we see the headline 
The BS&T saga is sure to heat up again in the coming days and weeks and no doubt the sentiments raised by what is being described as an emotional and xenophobic Barbadian public will reach a crescendo. Many business analysts appear to be oozing out of the wood work with their narrow and greedy agendas. The latest such analyst is Hilford Murrell who is quoted in the Nation newspaper extract above. He is of the firm view that in the same way Republic Bank has turned around the fortunes of the Barbados National Bank, so too shareholders stand to gain from the sale of BS&T to Neal & Massy.
Did BU read this article correctly? Is Owen “CSME”Arthur making anti-CSME statements? Wow…Prime Minister Arthur you better be careful, your statement could be construed as protectionist in some quarters! The posture now emanating from Arthur is confusing to us. One minute Arthur is welcoming all investment that is non-Barbadian, with emphasis on Trinidadian investment, yet in the Nation article he is expressing concern at the lopsidedness of the investment between Trinidad and the rest of CARICOM. One does not have to have a Masters in Economics to know that the cash rich Trinidad, which has a rich venture capital infrastructure to boot, has prepared its companies to be the “economic tigers” of the Caribbean. It follows that the scenario playing out should not have come as a surprise to the directorate of Barbados. Our great surprise on the BS&T, Neal & Massy merger comes from the opposite positions which Barbadians are hearing from our government ministers of late.
Senator Allan Fields, the man who has led the country’s biggest conglomerate, Barbados Shipping & Trading, for the past five years is preparing to step down from that office.
