What Will Be The State Of SVG Economy In 2020?

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By James H

What state, will our economy be in, in the year 2020? Will the economy be spiralling out of control like that of Venezuela? That country’s economy continues to spiral out of control, with severe food and medicine shortages and a 1.35 million percent inflation rate, according to the latest from the International Monetary Fund (IMF). No wonder Venezuelans are departing their country in droves.

Who can survive in a country where the inflation rate is 1.35 million percent? But this is how the red shirts destroy economies and cause severe hardships, with their foolish outdated pseudo dogmas of Karl Marxian policies.

In Venezuela basic necessities have become astronomically expensive and Venezuelans are struggling to make ends meet. Will this be our lot in the year 2020 and beyond too if we continue to put up with Ralph Gonsalves and his red shirted mob?

We here will be invited to vote with our fingers in 2020 but for the Venezuelans, many have already voted with their feet, jettisoning their once prized red shirts in the dust bins, with at least 2.3 million families fleeing the crises since 2015, according to the United Nations. Who here will be following the Venezuelans and be dashing their red apparels in the waste bins?

How will our neighbours the Barbadians, the Trinidadians, the Jamaicans and those other countries further afield take us? These countries where we love to go, will they cope with our exodus?

The mass-migration of Venezuelans has led to a humanitarian crisis in the region as Venezuela’s neighbours and other countries like Columbia and Peru, are struggling to cope with the influx of migrants and refugees, yet all this mess is what was always to be expected when the Redshirts run any economy.

The British says that thy too had experienced the same when their labour Party had ran their economy.

For Ralph Gonsalves’s friend Maduro, it is business as usual however, and Ralph will continue with his support for the man, despite the Venezuelan people’s sufferings.

Regional criticism of Maduro has grown in recent years amid anti-government protests over the economic crisis but for his friend Ralph Gonsalves, such is simply all part of the course.

With the sufferings of the Venezuelan people reaching such an alarming pitch, Peru had said it would ask the 12 members of the pro-democracy Lima Group, which includes several Latin American and Caribbean countries along with Canada, to break relations with Venezuela from January 10, when Maduro takes office for his second term.

Such a request they hope may bring Ralph Gonsalves friend Maduro, to his senses.

However such a request by Peru is unlikely to have any impact on Maduro, as these red shirts all have one thing in common, and that is, to hold on to power until the bitter end.

We have seen it with Fidel Castro, in Maduro’s predecessor Chavez and now also in Ralph Gonsalves. Will the Venezuelan experience have a sobering effect on Vincentians? Only time will tell! Let us wait and see.

Like Venezuela will there be more allegations of vote rigging and Court theatrics? Let’s wait and see.

11 Comments

  1. You are wasting your time asking Vincentians such questions because they are either too stupid or too frightened to answer.

  2. In a full Socratic way Jolly, from observation one observes that you may well be thoroughly right. Here in St Vincent and the Grenadines we have the majority of a population that is suffering from the results of shackled slavery.

    There could be no other explanation for this mass mental confusion and no other than patiently reality denial, other than progressively poor educational standards, which was itself the result slavery and neglect. For sure the condition here is as if an entire community have succumb to a severe bout of the Stockholm syndrome.

    We had in time past seen something of the same after the Haitian Revolution. There in Haiti you had a successfully glorious slave revolt, only to be followed in later years by their return to severe bondage, a family dictatorship and ruin, resulting in the basket case which is Haiti today.

    Therefore, when historians in the future comes to write the history of St Vincent and the Grenadines, they will have a template from which to pattern us, today’s Haiti.

  3. The content of your article does not do justice to the question you are asking. Why use Venezuela as a benchmark? Why is your article so politically skewed? The economy of SVG, like most of the Caribbean will experience upward trends in economic growth ( barring any major natural disasters). There will be strong growth in the tourism, agriculture and construction sectors. Try to put aside politics and look at economic data and the other bullish sentiments. Apply the right multi factor model and you will see a decent outcome as well. Cheers.

  4. It has not happened in all these many past years Gus Maecock, so why will it improve so drastically in the next two? Dream on dear fellow, dream on! “Strong growth in the tourism, agriculture and construction sectors,” don’t make us laugh man!

    Like Geraldine Ferraro I’d call this irrational optimism of yours Gus a new version in voodoo economics, but I’m afraid that would give witch doctors a bad name.

  5. Now to your question Gus, which is, “Why use Venezuela as a benchmark”? The clear and simple answer Gus, is because our ruling Gonsalves family and those holding political power here Gus, models themselves on both the men and failed ideologies of both Cuba and Venezuela and as such, the inevitable outcomes would indeed be most predictable, as night follows day. Ruin and beggary as being experienced in this resources rich country!

    Indeed our ruling family and supporters unashamedly boast of their closeness to those countries ideologies, with Maduro visiting us here in support of Ralph Gonsalves, and his regime with our ruling political elite spending much time in both Cuba and Venezuela.

    As to the political aspects Gus, surely one writes on the observable and noted fact that we live in a political economy and our once open society has been under severe attack, over the past eighteen years or so, from its enemies, enemies who are perusing grossly unworkable socio-political economic doctrines.

    Venezuela, Cuba and existing SVG are very clear evidence that such policies do not work. These doctrines as espoused by the adherents and practitioners of them has their origin in a false understanding and thus flawed interpretation of history by Karl Marx. Truly false as is evidenced by the observable fact, that there is not one single country in this whole wide world, for the one hundred and more years of it being advanced, that have made any success of them.

    The Venezuelan experience therefore, is just the latest example of the failure and sufferings being forced upon a population, with SVG in tow, by the redshirted gang of misguided ideologists.

  6. Continuous noise from James H. Because of ULP sound policies why the economy is poised to take off. No CBI program, but excellent results regarding our tourism product. Mr Gus, stop wasting your time.

  7. The question that was asked by the writer James H. Where would we be in 2020? As a person who consider myself as non partisan with respect to the political environment in St Vincent. I believe we won’t quite get to the stage of what we are seeing in Venezuela. However, some things appear to be on the upward trend:
    Our economic growth will be lethargic
    High crimes will continue ,even 200 a year will be a possibility.
    High unemployment
    High immigration-brain-drain
    Poverty levels will increase
    Low productivity in the agricultural sector-loss of arable land due, to competition from the building industry.
    Inability for the fisher folks to earn a living due to unsustainable depletion of our marine resources and competition from foreign trawlers.

    These are my prediction James H.

  8. We have been hearing the same claptrap nonsensical drivel from you half backed sycophant hero worshipers for years observer, while the country’s economy goes further and further down the plughole. This I keep on continually telling you, but you like your misguided hero, are not at all very good at observing the extent of unemployment here in SVG dear soul.

    Is the regime pinning the country’s economic hope on becoming a Caribbean narco-state? Is that the take-off that you envisage and is there alluding to Observer? Shame on they and you?

    Moral individuals will always peruse moral outcomes and a moral economy and morality in general, were things that past Vincentians often held in very high esteem, but I see that such died with them.

    In the circumstance observer, might one ask, where next will the country’s begging bowls be presented for our bailout Observer, where, when this much awaited take-off does not materialise as usual, where, please do tell? The country’s long suffering unemployed awaits your answer.

  9. Saw the caption, clicked on the article and expected some interesting and well articulated viewpoints, analyses and economic projections on the state of the Vincentian economy in 2020.

    What I just read are hyperboles and rants on issues that have no relation whatsoever with the future state of SVG’s economy in 2020.

    What fiscal policies, if implemented, will take the economy forward? Conversely, what are the current fiscal and economic measures, deemed irresponsible, will slow economic activities in the year 2020? These but two of the issues I expected to read about, not about Maduro and communism and sensationalism.

    I am sick and tired of some you finger-happy writers using this medium to make a mockery of the sane and responsible debate on issues this news site lays claim to.

    Editor, sir, everyone is entitled to her/his viewpoints, but this is one of a few articles that water down the high esteem news-784.com is known for.

    • I truly share your sentiments, Vincy In New York. It has become quite clear that there are people who believe that Economics is a static subject that is stuck on Karl Marks or some classic economic growth theory. Seem like no one wants to explore what impact capital deepening and technological progress would have on our country. Rather, we continue to be proud of our sling-shot mentality instead of putting forward strong intellectual debates, which can challenge the minds of our young people.

      St. Vincent and the Grenadines is NOT a failed state. Yes, we have challenges and I strongly believe we should make better use of platforms such at this one, to put forth ideas on how to alleviate these challenges. We should be putting our bright minds to better use instead of issuing curses on our people and the economy.

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