Zed posted:TK, nice to see that you are back on the board. Now, I can continue my training in economics.
i think Accrebe College is no longer in existence. The PPP sold the land a long time ago to Mazarally and purchased a piece of land in LBI where they intended to build. College. It never materialized so every morning, from my hammock, I look across to this large vacant plot of land.
I am unsure what you mean when you say that the ppp should be less ideological and more nationalistic. Many of us who have been following things in Guyana have criticized Jagdeo for not paying enough attention to ideology.
yes, Guyana manufactured these items, but at what cost. And all of these ventures failed. Additionally, we are living in a more globalize economy and I am not certain that those enterprises will survive if re-established in Guyana at this time. Electricity cost is one Factor in the decision matrix, but not the most important one. There are many more important factors that need to be considered.
One of the main reasons why those businesses failed was because of migration of the people who had the know how to do them. Then, the trade liberalization under Hoyte's ERP was another factor. If they survived they would have evolved into being more competitive and in case the country would have had at least two big hydros by now. Electricity is only one aspect of the cost of business in that country, and places like DDL and Banks are generating electricity at rates consistent with the proposed Amaila. That Jagdeo refuses to remove Marxism-Leninism from PPP constitution suggests he is ideological, although his business interests tend to muddy the ideological basis.
I was not aware Accrebre is defunct. It was fun attending it even if it was ideology with no nationalist or historical appreciation. It was fun having short lectures Dr Luncheon, Dr Jagan, Dr Henry Jeffrey, Mr Feroz Mohamed, Pandit Reepu and others. Even as a 19 year old kid, I knew what they were saying made little sense, but it was cute extreme left-wing stuff. That's why I went on to UG and eventually to America's No. 1 Progressive University.