Great article and well said stislez. Ignorance is bliss and allows many to continue living in their "paradise". Tourism (our primary industry) trains servants. Slavery never ended it evolved.
A similarly insidious pattern has developed in recent years among the countries serving as offshore financial centers. Many, like the countries affected by the resource curse, are former colonial states struggling to stay fiscally viable... For these economically and politically fragile countries, the influx of cash provided by involvement in international finance seems like an unmitigated blessing, offering jobs and revenues for a relatively small investment in infrastructure... But as many are finding, becoming a tax haven has unexpected costs. Precipitous economic, political, and social declines have occurred so often in such states that observers have coined a new term for it: “the finance curse.” When the "finance curse" strikes a country, there is a recurrent pattern: While its democracy, economy, and culture remain formally intact, they are increasingly oriented to and co-opted by international elites. In other words, such countries gradually become organized around the interests of people who don't even live there, to the detriment of those who do. The services produced by these countries protect cosmopolitans’ wealth, but the riches never flow to the the local producers, undermining their capacity for self-governance and social cohesion, as well as the development of infrastructure and institutions.
Thank you Mr. Smith for your commitment to this noble cause. It gives me hope for the future of our country. Our nation's values and justice system has numerous blind spots. Fear and ignorance is the cause of this resistance and hate.
The people voted against the legalization of this industry. Justice will be restored if the government shuts it down. What good is an industry that preys on the poor hoping they win themselves out of their position? This industry doesn't produce anything of value it only siphons money out of the economy into the pockets of the owners.
All part of the strategy. Sand's will run in the next election and secure leadership for the boys club. Riding the publicity of such a "selfless" act; abandoning the minister of health post during a health crisis. It doesn't matter who's in charge so long as it's one of the boys.
I agree but if the Government regulates the business leaves and the people panic. We seem to be stuck on tertiary industry. Our economy is too dependent on a couple industries. We must develop primary industry otherwise we won't be able to build a larger middle class.
Going to extremes isn't a productive counter argument. At some point you are limited by technology and administration costs for increased frequency of payment. Hopefully at some point in the future it is all managed automatically and you are paid in real time as you work. This is a matter of cash flow. Some people cannot afford to wait 2 weeks to be paid. Just like some business can't wait 2 weeks to be paid by their customers.
A similarly insidious pattern has developed in recent years among the countries serving as offshore financial centers. Many, like the countries affected by the resource curse, are former colonial states struggling to stay fiscally viable... For these economically and politically fragile countries, the influx of cash provided by involvement in international finance seems like an unmitigated blessing, offering jobs and revenues for a relatively small investment in infrastructure... But as many are finding, becoming a tax haven has unexpected costs. Precipitous economic, political, and social declines have occurred so often in such states that observers have coined a new term for it: “the finance curse.” When the "finance curse" strikes a country, there is a recurrent pattern: While its democracy, economy, and culture remain formally intact, they are increasingly oriented to and co-opted by international elites. In other words, such countries gradually become organized around the interests of people who don't even live there, to the detriment of those who do. The services produced by these countries protect cosmopolitans’ wealth, but the riches never flow to the the local producers, undermining their capacity for self-governance and social cohesion, as well as the development of infrastructure and institutions.
One says...
Why should anyone pay bills now that the economy is crippled?
On Fusion Superplex cut-off over $506,000 BPL dispute
Posted 12 February 2021, 1:46 p.m. Suggest removal
One says...
Great article and well said stislez. Ignorance is bliss and allows many to continue living in their "paradise". Tourism (our primary industry) trains servants. Slavery never ended it evolved.
https://www.theatlantic.com/business/...">https://www.theatlantic.com/business/...
A similarly insidious pattern has developed in recent years among the countries serving as offshore financial centers. Many, like the countries affected by the resource curse, are former colonial states struggling to stay fiscally viable... For these economically and politically fragile countries, the influx of cash provided by involvement in international finance seems like an unmitigated blessing, offering jobs and revenues for a relatively small investment in infrastructure... But as many are finding, becoming a tax haven has unexpected costs. Precipitous economic, political, and social declines have occurred so often in such states that observers have coined a new term for it: “the finance curse.” When the "finance curse" strikes a country, there is a recurrent pattern: While its democracy, economy, and culture remain formally intact, they are increasingly oriented to and co-opted by international elites. In other words, such countries gradually become organized around the interests of people who don't even live there, to the detriment of those who do. The services produced by these countries protect cosmopolitans’ wealth, but the riches never flow to the the local producers, undermining their capacity for self-governance and social cohesion, as well as the development of infrastructure and institutions.
On ALICIA WALLACE: ‘Some people’s paradise is other people’s plantation’
Posted 28 January 2021, 3:22 p.m. Suggest removal
One says...
The parents are children themselves. The educational system failed them. Now the government must break the cycle.
On 100K WILL NEED AID TO CONTINUE: Feeding Network boss warns crisis looming when programme ends
Posted 28 January 2021, 11:29 a.m. Suggest removal
One says...
Thank you Mr. Smith for your commitment to this noble cause. It gives me hope for the future of our country. Our nation's values and justice system has numerous blind spots. Fear and ignorance is the cause of this resistance and hate.
On INSIGHT: A season of goodwill - you can’t be serious
Posted 4 January 2021, 7:25 p.m. Suggest removal
One says...
The people voted against the legalization of this industry. Justice will be restored if the government shuts it down. What good is an industry that preys on the poor hoping they win themselves out of their position? This industry doesn't produce anything of value it only siphons money out of the economy into the pockets of the owners.
On Flowers: FNM trying to shut us down
Posted 24 December 2020, 1:40 p.m. Suggest removal
One says...
Exceptional insight. I hope that our society welcomes you and others who left to expand their minds into leadership positions to uplift the community.
On INSIGHT: What climate, conch salad and the land have to do with knowledge of self and freedom
Posted 16 November 2020, 7:44 p.m. Suggest removal
One says...
All part of the strategy. Sand's will run in the next election and secure leadership for the boys club. Riding the publicity of such a "selfless" act; abandoning the minister of health post during a health crisis. It doesn't matter who's in charge so long as it's one of the boys.
On Dr Sands? That story is dead
Posted 9 June 2020, 1:54 p.m. Suggest removal
One says...
I agree but if the Government regulates the business leaves and the people panic. We seem to be stuck on tertiary industry. Our economy is too dependent on a couple industries. We must develop primary industry otherwise we won't be able to build a larger middle class.
On 30 jobs lost as Julius Baer closes
Posted 4 February 2020, 2:04 p.m. Suggest removal
One says...
Going to extremes isn't a productive counter argument. At some point you are limited by technology and administration costs for increased frequency of payment. Hopefully at some point in the future it is all managed automatically and you are paid in real time as you work.
This is a matter of cash flow. Some people cannot afford to wait 2 weeks to be paid. Just like some business can't wait 2 weeks to be paid by their customers.
On Staff fume at salaries change
Posted 4 February 2020, 1:18 p.m. Suggest removal
One says...
You are missing the point and your numbers are presented in a misleading manner.
I recommend giving this a read:
https://www.theatlantic.com/business/ar…
A similarly insidious pattern has developed in recent years among the countries serving as offshore financial centers. Many, like the countries affected by the resource curse, are former colonial states struggling to stay fiscally viable... For these economically and politically fragile countries, the influx of cash provided by involvement in international finance seems like an unmitigated blessing, offering jobs and revenues for a relatively small investment in infrastructure...
But as many are finding, becoming a tax haven has unexpected costs. Precipitous economic, political, and social declines have occurred so often in such states that observers have coined a new term for it: “the finance curse.” When the "finance curse" strikes a country, there is a recurrent pattern: While its democracy, economy, and culture remain formally intact, they are increasingly oriented to and co-opted by international elites. In other words, such countries gradually become organized around the interests of people who don't even live there, to the detriment of those who do. The services produced by these countries protect cosmopolitans’ wealth, but the riches never flow to the the local producers, undermining their capacity for self-governance and social cohesion, as well as the development of infrastructure and institutions.
On 30 jobs lost as Julius Baer closes
Posted 4 February 2020, 1:02 p.m. Suggest removal