The middle class, which supported the PPP in 1950 and was heavily represented in its leadership, began to divide on the basis of the ethno-political developments after 1955. This division and consolidation matured only in the early 1960s. During this process Burnham saw the importance of the middle class, particularly the African middle class. He […]
Tag Archives: economy
THE POLITICS OF ELECTIONS
AFC Vice Chair, Moses Nagamootoo, announced that his party was contemplating a motion of no confidence against the Government. The complaint then was that the Minister of Finance violated the law when he spent some $4 billion that was not approved by the National Assembly during the debate of the Estimates. Since then a list […]
SLASH AND BURN
I listened intently to a television discussion last Sunday on Channel 28 sponsored through the auspices of the USAID LEAD Programme. The participants were Messrs Khemraj Ramjattan, leader of the AFC and Carl Granger, the finance spokesperson for APNU. Even for a jaded ex-politician like me, the discussion was extremely interesting. Both men spoke about […]
GUYANA’S ECONOMY
Guyana’s economy has been the focus of attention over the past two weeks with the recent Investment Conference. In the keynote address by the President of the CDB, Dr. Warren Smith, Guyana’s economic progress was commended. Recent growth figures, though modest, have been a cause for optimism, especially since most countries in the region have […]
UNCONTROLLED MONEY SUPPLY IS INFLATIONARY AND HARMFUL
The call has been made by the Opposition and others for the doubling of the pension for senior citizens, a substantial increase in public service salaries of 20 percent and a reduction of VAT, in addition to the income tax threshold which has been increased. These are commendable sentiments and should attract the support of […]