Role of Central Bank
We are not a bit surprised that former Governor of the Central Bank, Sir Courtney Blackman is blaming both the Barbados Labour Party and the Democratic Labour Party for the current financial woes. We are also not surprised, that the current Governor, Dr. DeLisle Worrell, is saying that the existing financial sector stymies or does not support innovation and creative enterprises. In layman’s terms it really means, that those citizens with start up enterprises, cannot get them financed. These two statements show beyond a shadow of doubt that the current crisis, is not going to be abated by the noise coming from the apologists of the government and opposition. When stripped of their diplomatic sheets, they convey a bankruptcy rampant in both of these political dinosaurs (BLP and DLP). The simple truth is that both parties have paid nothing but lip service to creating a new entrepreneurial class and have bogged themselves down in economic models that are no longer relevant. We are left...