There was evidence of continued consolidation of the society's traditional hegemonic groups, with 21 families accounting for 125 of the 219 directorships in corporations registered in Jamaica. These same families also supplied approximately 70 percent of the chairpersons of the various corporate boards. Not one of these firms was in Black hands, although Blacks made up 80 per cent of the population. Of the 219 directorships only six were held by black people and, of these, two were government appointments in joint-venture arrangements. There are also extensive foreign ownership in the major sectors of the economy, with 100 percent in mining, 75 per cent of manufacturing, 66 per cent of transport, over 50 per cent of communications, storage and tourism and 40 percent of sugar in foreign hands. The Jamaican bourgeoisie was thus economically subordinate to North American and British capital.
Nah stop preach di truth. Try and handle it if you can.
Nah stop preach di truth. Try and handle it if you can.
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