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PJ and Omar did one bettah.. juss wipe out di whole ah di 'innovator' dem and make dem wi di cash richah !! Furdah yet.. tun di 'Manufacturer' dem into paper traders..
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tell mi one "innovative" jamaican BIG businessman
ONLY SUPER MARKET AND HOTEL THEM KNOW HOW FI RUN
DEM NUH CREATIVEComment
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yuh mean seh not one of di 40,000 business wiped out had any innovation ?
dat is a sad statement yuh mekking..
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no.......the capitalist class in Jamaica are not creative.......just buy and sell them do mostly
also th growths in the 60s .......from foreign investors(bauxite) not local
bring some proof bout 40,000Comment
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yuh a look proof ?
lol !
innovation and production was boosted by FINSAC and the High Interest Rate govt bond ponzi scheme of Omar.
Jamaica took a 47% GDP Hit.. wheh yuh tink dat was ?
Bauxite and Tourism ?
Di Old BIG Money Class ?
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whatever................Jamaica needs some creative business people........especially in the ICT sectorComment
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might have a chance now... interest rates and inflation and dollar stability are much more appealing..
Dat is just a start doh.. need insolvency protection and some oddah tings.
Wi come a far way from the Omar days though.. thats for sure..
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this nuh have nothing to do with inflation and stability
it is a deeper problem
Jamaica nuh have that history .... it in the "creative business sector"( a part from music)Comment
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You see why i lick out gainst the hypocrysy ,ideology still functions in an economy ,socialist,communist or democracy.
Economies exist in all ideologies to promote governance.The myth that it can only exist in a democracy has been dispelled by CHINA &VIETNAM! Democratic socialism is a viable alternative for any third world nation, as in Venezuela,Brazil,India etc.The american media gloss over these facts by labelling the friendlier ones as left leaning, to brand them socialist would send alarm bells in America,like they have done to Venezuela.This would make people take note that there is a better way of governance.
Published on Tuesday, January 10, 2006 by CommonDreams.org
China: Capitalism Doesn't Require Democracy
by Robert B. Reich
You may remember when the world was divided between communism and capitalism, and when the Chinese were communists. The Chinese still call themselves communists, but now they�re also capitalists.
In fact, visit China today and you find the most dynamic capitalist nation in the world. In 2005, it had the distinction of being the world�s fastest-growing major economy.
China is the manufacturing hub of the globe. It�s is also moving quickly into the highest of high technologies. It already graduates more computer engineers every year than the United States.
Its cities are booming. There are more building cranes in use today in China than in all of the United States. China�s super-highways are filled with modern cars. Its deep-water ports and airports are world class. Its research and development centers are state of the art. At the rate its growing, in three decades China will be the largest economy in the world.
Communist, as in communal? Are you kidding? The gap between China�s rich and poor is turning into a chasm. China�s innovators, investors, and captains of industry are richly rewarded. They live in luxury housing developments whose streets are lined with McMansions. The feed in fancy restaurants, and relax in five-star hotels and resorts. China�s poor live in a different world. Mao Tse Tung would turn in his grave.
So where are the Chinese communists? They�re in government. The communist party is the only party there is. China doesn�t have freedom of speech or freedom of the press. It doesn�t tolerate dissent. Authorities can arrest and imprison people who threaten stability, as the party defines it. Any group that dares to protest is treated brutally. There are no civil liberties, no labor unions, no centers of political power outside the communist party.
China shows that when it comes to economics, the dividing line among the world�s nations is no longer between communism and capitalism. Capitalism has won hands down. The real dividing line is no longer economic. It�s political. And that divide is between democracy and authoritarianism. China is a capitalist economy with an authoritarian government.
For years, we�ve assumed that capitalism and democracy fit hand in glove. We took it as an article of faith that you can�t have one without the other. That�s why a key element of American policy toward China has been to encourage free trade, direct investment, and open markets. As China becomes more prosperous and integrated into the global market -- so American policy makers have thought -- China will also become more democratic.
Well, maybe we�ve been a bit naive. It�s true that democracy needs capitalism. Try to come up with the name of a single democracy in the world that doesn�t have a capitalist economy. For democracy to function there must be centers of power outside of government. Capitalism decentralizes economic power, and thereby provides the private ground in which democracy can take root.
But China shows that the reverse may not be true -- capitalism doesn�t need democracy. Capitalism�s wide diffusion of economic power offers enough incentive for investors to take risks with their money. But, as China shows, capitalism doesn�t necessarily provide enough protection for individuals to take risks with their opinions.
I am not scared to say Jamaica should embrace it as a viable option,Democratic socialism.
Robert Reich is Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. He has served in three national administrations, most recently as secretary of labor under President Bill Clinton. He has written ten books, including The Work of Nations, which has been translated into 22 languages; the best-sellers The Future of Success and Locked in the Cabinet, and his most recent book, Reason. His articles have appeared in the New Yorker, Atlantic Monthly, New York Times, Washington Post, and Wall Street Journal. Mr. Reich is co-founding editor of The American Prospect magazine.Last edited by Sir X; January 23, 2012, 02:19 PM.THERE IS ONLY ONE ONANDI LOWE!
"Good things come out of the garrisons" after his daughter won the 100m Gold For Jamaica.
"It therefore is useless and pointless, unless it is for share malice and victimisation to arrest and charge a 92-year-old man for such a simple offence. There is nothing morally wrong with this man smoking a spliff; the only thing wrong is that it is still on the law books," said Chevannes.Comment
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Nedda Munro man!"Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has."Comment
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oh.. well.. not sure what tuh duh bout di Intellectual Ghetto...
meanwhile.. nuff Diaspora deh bout wheh can innovate..
Yuh nuh hear bout di yardie Silicon Valley Economist dem ?
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di yardie Silicon Valley Economist dem ?
mi know you have BRIGHT Jamaicans all over the world...............but show mi an Apple, Microsoft, RIM even a digicel........ weh them start up and run SuccessfullyComment
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Dem teach bizniz principles there? LoLComment
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"Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has."Comment
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LoL
Funning.Comment
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