Nation e-Edition

Over to workers

Over to workers Opposition Leader Owen Arthur.

By Barry Alleyne | Tue, November 06, 2012 - 12:09 AM

OPPOSITION LEADER Owen Arthur says privatizing state agencies would not be simply removing them from Government, but more important, letting workers become part-owners.

Arthur made this clear Sunday night at a Christ Church East constituency branch meeting of the Barbados Labour Party (BLP) at the St Christopher Primary School.

“Privatization just doesn’t mean selling to the private sector,” he said. “It really means getting the private sector more involved in developing Barbados. The country urgently needs that now.”

He said what was needed was for workers to take over such enterprises by investing their own money in them as was done with United Commercial Autoworks Limited (UCAL), which has a relationship with the Transport Board.

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Posted by David Hall 1 year, 5 months ago
Brilliant! Absolutely Brilliant! Stroke of class! People generally tend to have a more committed response to projects in which they have a direct interest. Look at the mini bus PSV situation- minus the deplorable behavior. What will definitely be needed however is a more efficient regulatory framework one which will somehow, prohibit or restrict the sale of equity in these former state own enterprises; or insist on sale of those shares to other nationals. Without such or similar conditions, foreigners will, as always, dangle incitements and, as usual, locals will sell.

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Posted by CARL HUSBANDS 1 year, 5 months ago
This article reminds me of a commercial that I once saw wherein a man proudly professed to be the owner of a large corporation although he only owed one share of stock in that corporation. Afterall, owning one share of stock in the corporation did confer "ownership" rights to the shareholder. The problem, however, is "ownership" does not mean control of the corporation. The question here is whether these workers, assuming that they have money to buy into the private corporation, would truly have control and power in these proposed private corporations. Moreover, the bottom lines for any corporation are profits and dividends. One would have to be drunk to think that in the case of the transport board becoming privatized that the bus fares would not rise dramatically. Owen Arthur is hell bent on selling all state-owned assets to private entities. No matter how he tries to gloss over that fact over with these specious suggestions of worker ownership it remains certain that under an Owning Nothing Arthur administration, we can expect the further selling off of everything Barbados.

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Posted by Leonard B 1 year, 5 months ago
I used to be an ardent supporter but changed allegiance after the Mia fiasco. The former PM is starting to scare me. Perhaps personal success has removed him from day-to-day reality and he no longer has empathy for the poor and middle class. The private sector will see and care about the bottom line only and will unceremoniously dump employees at the first sign of a crunch. Perhaps there is a need for a "clean up" but it can be done through attrition and with due respect. Beware, my friends, beware. LB.

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