Guyana’s Sugar: A MISMANAGED GUYSUCO
Mar 30, 2018 Editorial, Kaieteur News
For the last two decades, the sugar industry was kept alive with huge subsidies. Upon taking office in May 2015, the Granger administration realized that GuySuCo was ailing. A temporary solution was to follow in the footsteps of its predecessor and continue to subsidize it with billions of dollars. The reason was that there was no easy solution to salvage the bankrupt GuySuCo.
The Jagdeo administration decided to build the Skeldon sugar factory at a cost of more than US$200 million because as Jagdeo said, the factory would lower the cost of production and make Guyana’s sugar competitive on the world market. Continue reading
When Will Britain Face Up to its Crimes Against Humanity? – Kris Manjapra | The Guardian UK
When Will Britain Face Up to its Crimes Against Humanity?
After the abolition of slavery, Britain paid millions in compensation – but every penny of it went to slave owners, and nothing to those they enslaved. We must stop overlooking the brutality of British history.
On 3 August 1835, somewhere in the City of London, two of Europe’s most famous bankers came to an agreement with the chancellor of the exchequer. Two years earlier, the British government had passed the Slavery Abolition Act, which outlawed slavery in most parts of the empire. Continue reading →
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