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Reply to "GuySuCo gains access to new markets in Italy, Canada, USA – Board"

caribny posted:
Danyael posted:
ba$eman posted:
Vish M posted:

Privatization is a viable option 

They will have to pay someone to buy that industry.  Exactly what would the value proposition be?  The GoG will have to provide significant subsidies to make it viable.  Truth is, the GoG is stuck with Guysuco.  Guysuco is not a victim of either the PPP or PNC, but  victim of the politics of the PPP and PNC collectively.

What political action took down Sugar? Who failed to file the requisite papers to retain EU subsidy and who accepted that crap of a mill without a guarantee of usability and why did they let a group who never built a plant build one when another firm that built plants as their business was let go?

The fact that baseman doesn't blame the PNC exclusively is progress. Soon he will admit that this was all of Jagdeo's fault.

No, it was not.  The end of the EU subsidies were a major blow.  Truth of the matter, back in the 70's when sugar was king and prices were good, the PNC never invested to expand and add critical mass.  The PNC instead squandered the money on national "wants", not needs.

The PNC lived lavishly, spent heavily on the military and other non-productive activities.  They deprived the sugar workers of their rights and pay resulting in the 1977 big strike which crippled the industry.  That window was lost to ramp-up sugar and prices began to come down. As the economy began it's downward spiral, it was virtually impossible to now dedicate the dwindling reserves to invest in sugar.

Now, who the cap fit..........

FM
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