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I've been saying some of the things Avinash mentioned. For one, we have to look at the components of GDP, and Aviansh outlined them. How much of it is from sustainable development efforts as opposed to hand-outs (repatriation, illicit laundered money, bad loans, etc.). Next, how much of it is from price increases of expors that are cyclical in nature? Then you have to look at how the consumption component of GDP is distributed. If you have 5% of families spending on multi-storey dwelling, etc. and the rest living on subsistence consumption then what good is that?

 

The point is there is GDP growth and then there is GDP growth. This concept not so much escapes the understanding of some as it is ignored for propaganda reasons.

Kari

Guyanese who visit Guyana always say that Guyana has changed for the better, everybody has a car now, there are dishwashers and microwaves, and even cane cutters have cell phones. Well, is it really development? I want these same people to Google search cell phones in Africa, or televisions in the Philippines and they will see that people in those places have technology too. In an increasingly global economy, technology transcends borders and Guyanese would’ve experienced these technological innovations regardless of which political party is in power.

 

Couldn't have put it any better.

Kari

I said this on the board when Jagdeo set down.  The debt then was 800 million.  I said it was a perfect opportunity to pay it off little by little.  Some people on the board here were shouting that Guyana should borrow more to build hydro behind god's back.  Soon Peter will have to pay Paul

FM

The GOG or the PPP doan care much about debt. That sort of thing is for nations that pride themselves on accountability. With accountability, one can plan development. With the Jagan party, they always claiming how frugal the founder lived-he had no fiscal policies. He din spend much, so he din need much.

 

That is the country's sickness. The ppl doan see things that improve their lives, so they think the country doan owe any money. Jagan smoke screen permitted the thieves in his party to carry on. 

S
Originally Posted by seignet:

The GOG or the PPP doan care much about debt. That sort of thing is for nations that pride themselves on accountability. With accountability, one can plan development. With the Jagan party, they always claiming how frugal the founder lived-he had no fiscal policies. He din spend much, so he din need much.

 

That is the country's sickness. The ppl doan see things that improve their lives, so they think the country doan owe any money. Jagan smoke screen permitted the thieves in his party to carry on. 

True true ting dat.

FM

SumatooMan, AuntyMArySweetGuavaMan, BuxonSpiceMan....come in please.

 

Let's hear your wisdom of the great saintly PPP that is doing so much for the Guyanese people.

 

We miss your insights and thoughts......c'mon man....let's do this.

Kari

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