Drugb posted:.Jagdeo did not destroy Guysuco, .
He could have shifted its emphasis away from sugar and was in fact given assistance from the EU to do so.
FACT. No company can survive if it spends 2c and earns back 1c. Surely even a jackass like you knows this. It must re-invent itself to survive.
Jagdeo instead DUG IN by trying to expand sugar, and failed to do this encumbering Guysuco with US$200 million in debt in a white elephant. He was told NOT to do this and screamed and wailed and ranted at those who insisted that Skeldon factory was a bad idea.
Where is the money going to come from to endlessly bail out Guysuco?
BTW people who cut cane don't get jobs in hotels so it isn't as if tourism is a replacement for sugar. I would argue that people who cut cane could be trained to plant other crops and to be offered a lease to own option on lands.
Guysuco could have then gone into agri food processing and could have been sold to private interests in Guyana and T&T. I could see DDL being an owner in a reduced Guysuco. Or Angostura in T&T.
So in fact Guyana was in a BETTER position to reduce its sugar industry than was St Kitts.
But then this takes more brains than you and Jagdeo have! The world is short of food, but isn't short of sugar.