Reply to "Guyana producing foreign products – Private sector"

The problem with many third world politicians is that they can really talk, tell people all the good things they plan without really knowing how to do it. 

Burnham's plan was doomed to fail because firstly, the majority of people were not involved in the process. Basically a dictatorship using good sounding words trying to fool the people. Secondly. Many incompetent people in policy development and implementation . Third, in policy development, they factored in a static instead of a dynamic international economy. Fourth, they knew nothing about cash management, failure to understand that at some polnt, you had to repay loans and pay interests. Fifth, Burnham figured that because the Americans and British put him into power and that they continued to fear the ppp getting into power, he can do what ever he wanted to do with no consequence, that help will always be available. Sixth, they failed to understand the intricacies of managing the economy, how it needed to be stimulate, the linkages and how economic development really happens. They failed to understand that the so called non capitalist road to development was just another form of elite enhancement and working people deprivation. 

I can give many more reasons. I really believe that politicians  need to brag about the things they have accomplished instead of bragging about the things they want to accomplish snd which they have not accomplished as yet.

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