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Reply to "IMF Report on Guyana April 2016"

caribny posted:
most nations to attain with a civil war.

 

 

Jagdeo has destroyed the sugar industry and much of the manufacturing base, with his laissez faire import strategy which aimed to help his oligarch friends who speculate and not invest.  He also encouraged rice farmers to plant more without assisting them to be sustainable by being able to compete in the Latin American rice markets.  Guyana's costs are high and Jagdeo got the farmers drunk on MadBURRO crack, which was NEVER sustainable.

 

You are giving Jagdeo too much credit. Did he also destroy the sugar industry in the rest of the Caribbean? The sugar industry was already on its way out, he only delayed the inevitable and followed bad investment ideas from Booker Tate. This laissse faire import strategy is called capitalism which we have in the US. Indeed you have Jagdeo stuck in your craw, maybe if you drink a glass of water it will flush him out. 

FM
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