Wednesday, October 12, 2016

Anaemic T&T Economy Suffering Under Bloated Government

Trinidad & Tobago's economic troubles are simple. There are too many people ridding in the wagon and not enough people pulling the wagon. Of course the ones ridding in the wagon are the politicians, the politically connected, government contractors, "public servants" etc who consume resources but not produce. 


Even worse are the bureaucrats who further drag down the economy by impeding productive citizens via rules, regulations and policies they dream up. In years past the largesse could have continued fairly unnoticed; however now that the country's resources have become ever more scarce the the problems are becoming even more glaring. 

Looking for "additional sources of government revenue" is not the solution; rather reducing the parasitic nature of state is the appropriate and moral option. 

8 comments:

  1. Very valid points but fixing the problem would mean mass layoffs and divesting TSTT T&TEC WASA etc...and that would be political suicide. Which gov't would willingly do that?

    ReplyDelete
    Replies
    1. Its the bitter tasting medicine we'll have to swallow. If we don't take it voluntarily it will be "forced fed" to us.

      Delete
    2. What percent of the Gov't workforce would you estimate need retrenchment? between 25-50%

      Delete
  2. I understand that this way of doing things did work but in the opinion of many that old industrial age system is now broken.
    nyse penny stocks

    ReplyDelete
  3. The possibility of self-checkouts never turned into a reality until recently.investment blog

    ReplyDelete
  4. Though its most important role is probably in the production of mass media (largely television), political consultants advise campaigns on virtually all of their activities,from research to field strategy. report

    ReplyDelete
  5. The average cost for basic items in an alternate state, only a couple of outskirts east or west, may be significantly lower. That implies you can grab up magnificent properties at a much lower cost than you may in your own market.http://kingtradingsystems.com/

    ReplyDelete
  6. Execution of your stock portfolio is tied in with choosing the correct STOCKS in the correct SECTORS in the correct COUNTRIES at the perfect TIME. new bitcoin casino

    ReplyDelete

You can easily comment anonymously if you'd like.