• Today
    April 22

  • 04:14 PM

Barrow’s warning coming to pass

MICHAEL RAY,

Added 14 December 2017

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ATTORNEY AT LAW David Comissiong is highly critical of Government’s intention to sell Hilton Barbados and the Barbados National Terminal Company Limited, and has expressed his criticism by way of a letter in the columns of the news media.

Mr Comissiong not only mentioned these entities, but also referred to other previously sold businesses such as the Barbados National Bank, the Insurance Corporation of Barbados, Barbados External Telecommunications Ltd, Heywoods Hotel and the Pine Hill Dairy – all potential profit-making commercial enterprises in which Government had vested interest.

What Mr Comissiong may or may not know is that a group of supposedly intelligent people among us still believe that the best thing that can happen for Barbados and Barbadians is the flow of direct foreign investment in the form of a buy-out of majority shares and other similar types of acquisitions by foreign businesses, whose main interest is the maximisation of profits and profits alone.

Yet, all of this is part and parcel of backward ideas and thinking that can envelop the minds of people who from time to time hold the destiny and fate of Barbadians in their hands.

Sadly, the sell-out of Barbadian enterprises, and by extension Barbadians, is not restricted to those that are Government-supported, but others across the private sector.

The prophetic words of warning uttered by the Right Excellent Errol Walton Barrow are coming to pass.

– MICHAEL RAY

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