Daily Archives: December 16, 2019

The Starving State: Why Capitalism’s Salvation Depends on Taxation – opinion

By Joseph E. Stiglitz, Todd N. Tucker, and Gabriel Zucman | Foreign Affairs

For millennia, markets have NOT flourished without the help of the state. Without regulations and government support, the nineteenth-century English cloth-makers and Portuguese winemakers whom the economist David Ricardo made famous in his theory of comparative advantage would have never attained the scale necessary to drive international trade.

The invisible hand of the market depended on the heavier hand of the state. Most economists rightly emphasize the role of the state in providing public goods and correcting market failures, but they often neglect the history of how markets came into being in the first place.            Continue reading

Guyana Education: 377 more Teachers added to the Teaching System

– As Cyril Potter College of Education (CPCE) hosts 85th Graduation

Guyana’s education sector has been boosted with the inclusion of 377 qualified teachers following the 85th batch of students graduating from the Cyril Potter College of Education.

The Cyril Potter College of Education’s graduating class of 2019

The 85th Graduation ceremony themed, “Re-branding Teacher Education through verbal and visual identities” was attended by President David Granger; Minister of Education Dr. Nicolette Henry; and a number of senior Education Officers, officials and Public Servants at the National Cultural Centre (NCC) on Friday December 13. 2019.    Continue reading

Guyana Business: DDL plugs G$4B plant to produce pasteurized milk and fruit juices

  Dec 14, 2019  Kaieteur News will require 2M pounds of fruits in 2020

Even with Guyana set to reap tremendous benefit from its nascent oil and gas sector, Demerara Distillers Limited (DDL) Executive Chairman, Komal Samaroo, is of the strong view that the agriculture sector must be developed to include value added processing of the nation’s fruits and vegetables into pulp and juices.

Touring the TOPCO plant site on Dec 10.

It will see milk supplied by local dairy farmers, for local consumption and export.

Samaroo explained DDL’s decision to invest some G4B into its Tropical Orchard Products Company (TOPCO) expansion project which is designed to process and package increased volumes of existing products including cherry, passion fruit, carambola and guava juices as well as new ones including mango, pineapple, citrus and vegetable juices.        Continue reading

Guyana Politics: Rejecting the PPP’s twisted narrative – Dr. David Hinds

Not unexpectedly, the PPP is using the current elections campaign to try to con the nation about what transpired during its long 23-year reign. Today I want to deal with the PPP, which I continue to believe presided over the worst government in post-colonial Guyana and the Anglophone Caribbean.

Some PPP leaders and commentators have, in the past, answered this charge by listing the many projects the party initiated while in government. I am never swayed by that chat, because those projects often mask the real intent and outcomes of governance. Let’s not ever forget that Germany under Hitler, the USA in the era of slavery and segregation, South Africa under apartheid and Europe as colonial masters, all “developed” during those periods of human depravity.              Continue reading