He tek he rass and pass abie and abie leader dem. Hey hey hey...
TK: The two main parties never discipline its leaders. Outsiders like Asgar Ally, yes, but never senior members. The problem is the pro-ethnic strategic voting, which I have modeled in my academic writings. There is a terrible equilibrium trap that both sides can't escape. It will require that both sides jointly defuse the prisoners' dilemma trap. The incremental successes like PNC putting up Pandit Ubraj and the PPP trying more multiethnic candidates are not enough. Once 85% plus of the masses vote strategically along ethnic lines, we have a situation where ethnic patronage is the imperative. And ethnic patronage and 'badmindedness' will continue to deplete the human capital base. Nothing fundamental is being done at the social, economic or political levels. The leaders are visionless. They only salivate when thinking about oil revenues. The oil revenues will not be enough if the negative equilibrium continues. And according to Volda you can be assured it will. Exxon will likely scale down operations (as Guyana govt increases its cost vigilance) and even play off Venezuela against Guyana when they finally remove Mudaro.
