Billy Ram Balgobin posted:Are you saying that Burnham did not kill the economy because he passed away in 1985?
I am telling you that 15 years passed between Burnham dying and Jagdeo becoming president. Hoyte dumped the communist nonsense which forced Janet to not reinstate her silly Castro communist foolishness. The economy experienced significant growth in the 90s. This reduced the segments of the economy which were directly under the control of politicians.
In the earlier part of the Jagdeo era it was stagnant and in points, even declined. Django furnished some numbers to you Indo Nazis sometime back. The growth which occurred from around 2006 is when gold prices soared and gold exports dwarfed other sectors. There was also significant transfer of this into the real estate and retail sectors as well.
The part of the economy which Jagdeo had the most control, sugar, he was an embarrassing failure. He was warned to diversidy Guysuco away from sugar, and preferably even privatizing it. Jagdeo jumped up and down and screamed about slavery and indenture and that the EU was supposed to subsidize Guyanese sugar forever.
Of course when prices collapsed and Jagdeo's corrupt cronies made Guysuco production costs double then Guysuco collapsed. Over US$ 1/2 billion was squandered on Guysuco under Jagdeo/Ramotar and when they lost the election Guysuco was basically bankrupt.