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When governments fail
Tuesday, March 31, 2009
Dear Reader, When the former Scotiabank head Bill Clarke described Jamaica as a "failed state", the then prime ninister, PJ Patterson, went on the defensive and questioned how a thriving bank could make the profits it was making within a "failed state". While Bill Clarke might have been philosophically outsmarted, he was absolutely correct. Jamaica is a failed state. The only problem with Clarke's pronouncement was that it came from the wrong mouth. In other words, the messenger was wrong, but the message was right...
...more
Tuesday, March 31, 2009
Dear Reader, When the former Scotiabank head Bill Clarke described Jamaica as a "failed state", the then prime ninister, PJ Patterson, went on the defensive and questioned how a thriving bank could make the profits it was making within a "failed state". While Bill Clarke might have been philosophically outsmarted, he was absolutely correct. Jamaica is a failed state. The only problem with Clarke's pronouncement was that it came from the wrong mouth. In other words, the messenger was wrong, but the message was right...
...more