The 2008 financial crisis showed the Milton Friedman Economic Model of a Laissez Faire, Production Oriented, Trickledown, Austere, and financially driven Economy, a paper tiger. The idea that the economy is the tool of the 1% at the top of the wealth pyramid has led to anger in blue collar communities in western societies, and … Continued
The world is over 250 Trillion Dollars in debt: public plus private. Is that vast debt sustainable? Is this debt a bubble about to burst? Now, there must be a limit to how much debt an economy can manage. There is an analogy: a family earning $100K per annum can simply not afford a … Continued
Press Release The BVI Red Cross welcomes Troy Christopher as its new Chairman; Mr. Bevin Braithwaite as Vice Chair; and Ms. Sylvia Moses as Treasurer. The new appointments were made at Thursday’s annual general meeting. Mr. Braithwaite replaces Mr. Christopher; while Mr. Christopher replaces Mr. Geoffrey Brooks. BVI Red Cross Director Stacy Lloyd commented, “We … Continued
Part 2 Capitalism and individualism, with the stress on the market economy, will not be able to deal with the New World of climate change, environmental degradation, and rising power polarities that have no respect for freedom and democracy. Now a key take away from the COVID 19 Pandemic was the limits of the pure capitalism model to come to grips with the crisis at the … Continued
Placing economy before health is bad politics in the age of COVID Part 1 OK. The evidence from Asia is that voters want their governments to suppress the Covid 19 pandemic over and above fixing broken economies. And the latest indicators are that the west is losing the war against COVID 19 with its initial, ‘’half baked’’ approach to fighting the pandemic. … Continued
The road to Virgin Islands independence is a game of chess, not dominoes Now, one reason it appears any talk of independence swiftly dissipates into farce, is the very nature of the beast. To begin with, the winding, bushy, and thorny path, to independence is further strewn with traps, obstacles, and deep holes. The road to independence has never been an easy … Continued
The pandemic brought on by Covid-19 is the worst global crisis in the lifetime of most of us. It is probably the worst regional calamity we’ve seen, and I have heard conversations to the effect that it is worse than hurricanes Irma and Maria in many ways. It was United Kingdom Prime Minister Sir Winston … Continued
In a world that was already awash with debt,before the Covid 19 Pandemic, it appears debt remains the one tool for keeping the global economy alive, until the pandemic ends OK. The good news is that the Covid 19 Pandemic may well be over by December 2021. A vaccine is expected to be approved and widely distributed in 2021. There is also the development of swift testing using a basic … Continued
The COVID-19 pandemic has changed the international business environment permanently. The pandemic means that organizations around the globe, must be able to react, adapt and set up crisis management mechanisms in order to weather situations of uncertainty, and swiftly. Today, and everywhere, businesses and countries are hugely reliant on production and supplies from China, Southeast … Continued
By Shaina Smith We find ourselves in thought-provoking times and not just because of the COVID-19 pandemic but this year December, it will be 70 years since the local legislature was reconstituted and local elected representation returned to our shores. Some may ask why is that a big deal? I am glad you asked! Prior … Continued
