Friday, March 23, 2007

Cricket, aeroplanes, and poverty

A recent article in Forbes magazine looked at what some of the world's billionaires drive. Of course at the top of the list were Bill Gates and Warren Buffett. Gates drives a 1999 Porsche 911 and a 1988 Porsche 959 coupe. Buffett drives a 2001 Lincoln Town car with the words THRIFTY on the licence plate. The magazine also states that the trend noticed is that billionaires tend not to focus on material possessions such as cars, which depreciate, but rather tend to put their resources and efforts into their businesses.

Recently, I was having a discussion with a well-known Jamaican, who commented that while working in Trinidad in the 1980s, it was very obvious to him that instead of buying fancy cars and houses, as Jamaicans do, what Trinidadians did was to retool their factories and spend most of their money on modernising the businesses. Well, they became the manufacturers for CARICOM and we had FINSAC. This is not to justify the manner with which a Trinidadian, recently being interviewed by Cliff Hughes, pompously stated that the agreement to supply LNG to Jamaica was an MOU and therefore not binding on either party. What happened to the word of a government? Doesn't that mean anything anymore? I am sure that this is not the sentiment of the prime minister, and people like that should be banned from speaking for fear of reversing our CARICOM efforts.

Resource usage
These two accounts bring to the forefront the relationship between cricket, aeroplanes, and poverty, in the Jamaican context. They all compete for the same resources. Of course in true Jamaican style, cricket and aeroplanes (Air Jamaica) get the lion's share, while poverty continues to increase because it is deprived of resources as a result of cricket and aeroplanes. I can say this for the politicians who that are afraid to because it might cost them votes, as no one is going to vote for me.

On the day of the opening ceremony at the expensive Trelawny multi-purpose stadium, TVJ covered this magnificent affair, with all the Jamaicans present enjoying themselves immensely. In true Jamaican style, we showed the world that we know how to party. Two stories later I saw an elderly teary-eyed lady saying that she fell down carrying water in a bucket to her home, because there was no running water. Still another report showed a man saying that his car had been damaged by the police who had borrowed it to chase thieves on many occasions, as they had no vehicle, and he was having difficulty being compensated.

Now this is the same country where we spend J$9 billion to host world cup cricket, and maybe about J$2 - J$3 billion on the Trelawny stadium. This is the same country that has a national airline that lost US$153 million (J$10 billion) in 2006, and US$120 million (J$8 billion) in 2005.

This is the same country that runs a sugar company that loses hundreds of millions of dollars each year. As the celebrated IMF report states in paragraph 14 ".the data indicate that the deficit of the JUTC exceeded planned amounts by three-fold; that of the sugar company exceeded planned amounts by almost seven-fold; and that of Air Jamaica has been more than double the expected amount. Altogether, the excesses of these three enterprises amount to almost 1 per cent of GDP this year."

In addition to all these losses, we spend J$ billions on a stadium to host an opening ceremony and some warm-up matches, and which might have some positive revenue impact in the future. In the present, though, the old lady can continue to carry the water, and fall down while doing it, because the money has to be spent on cricket, aeroplanes, and sugar to sweeten the hardship. Although she will have made sacrifices for these expenditures to have taken place, and for some Jamaicans to have enjoyed the ceremony, more than likely she will not live to see the benefits of the expenditures, if any of us will.
Needless to say, when I saw the newscast I was more than hurt by the disregard we have for the less fortunate in this country. And those who suffer the most will not be able to enjoy the cricket, because at US$80 per ticket it will not be possible to buy water and go to the cricket match also. And even if they could afford to, then they might not be able to get a bath in time to attend.

Development is key
If we as a country are serious about development then we have to make better choices. We cannot continue to spend money needlessly on events that do not add long-term value. Not in the position we are in. I am not saying that we should not have hosted the opening ceremony and the cricket matches, but why not spend J$1.5 billion or J$2 billion less and fix up the national stadium for the opening ceremony? Still have the expenditure on Sabina and the physical infrastructure, but seek to spend the money more wisely. If we had taken that approach and spent J$1.5 billion less, would it have negatively impacted the benefits? I think not.

With respect to Air Jamaica, this thing seems like an ever-expanding black hole. Even if we consider the MIT report, which says that the net benefit of Air Jamaica is over J$5 billion per annum, which I doubt very much, the present losses seem to be eating away at that net benefit. I also have no doubt that Air Jamaica is losing passengers, as if you want to get to your destination on time, Air Jamaica is not the likely choice. If we cannot contain the losses, and turn a profit by 2009, as called for in the business plan, I will agree with the IMF, shut it down. We cannot continue to spend J$10 billion per year to support an airline that has borrowed the crutches from the Jamaican dollar.

We must face the fact that our resources are very scarce, and we need to be very wary of what we spend it on and how. It is only by spending on things that will provide value in excess of the spend that we will get out of the situation we are in and achieve development. Growth is not difficult to get, or at least should not be, it is development that is a challenge and what we must focus on. In 2007 we should not have an old lady carrying water from the river because there is no piped water. We should not have the police having to borrow a private car to provide security. A duty-free car for the police is just over J$1 million. A fraction of J$2 billion could have provided the cars we need to fight crime.

So at the end of cricket and the losses of Air Jamaica, my question is, what is the benefit we expect to gain? Will we have a more educated work force? Will crime be reduced? Will we be able to save our tourist capital from the jaws of crime? Will our youth have more employment opportunities because they have acquired a skill? Will the old lady have piped water and the police get the vehicles they need because of the revenue flows generated? We don't need the benefits 10 years from now, we need THEM now.

It is not good enough that we will benefit from whatever monies we spend. The timing is important. If someone develops a product that is useful for the next generation then it means that his business will fail, if he has no other product or service. The lesson is that when we spend monies, we must be careful to ensure not only that the benefits are forthcoming but that it happens in a timely manner. Because at the end of the celebrations, while the money is being spent, then there comes reality, when it has to be paid back.

27 comments:

Anonymous said...

Hi, yeah this piece of writing is really good and I have learned lot
of things from it regarding blogging. thanks.

My weblog ... bmi chart male

Anonymous said...

Every weekend i used to pay a visit this web site, for the reason that i wish for enjoyment, since this this site conations truly pleasant funny data too.


Check out my website :: waist To height ratio calculator

Anonymous said...

Hi there to all, the contents present at this website are in fact
awesome for people knowledge, well, keep up the good work fellows.



my blog - windows xp registry cleaner

Anonymous said...

It's truly very difficult in this busy life to listen news on Television, therefore I only use the web for that purpose, and get the hottest news.

Also visit my weblog :: Metabolic Rate Calculator

Anonymous said...

I all the time used to read piece of writing in news papers but now as I am a
user of net so from now I am using net for articles, thanks to web.


my page; diet plan

Anonymous said...

What's up, this weekend is fastidious in favor of me, because this point in time i am reading this enormous informative post here at my home.

Feel free to surf to my web site :: healthy diet plans

Anonymous said...

Hello there I am so grateful I found your webpage, I really found you by mistake, while I was looking on Bing for
something else, Nonetheless I am here now and would just like to say cheers for a remarkable post
and a all round interesting blog (I also love the theme/design), I
don’t have time to read through it all at the moment
but I have bookmarked it and also added in your RSS feeds, so when I have time I will be back to read much more, Please do keep up the awesome b.



my blog weight loss calculator

Anonymous said...

It's hard to find knowledgeable people for this subject, but you seem like you know what you're talking about!
Thanks

Take a look at my website calculate waist to height ratio

Anonymous said...

Heya just wanted to give you a brief heads up and let you know
a few of the images aren't loading correctly. I'm not sure why but I think its a linking issue.

I've tried it in two different browsers and both show the same outcome.

Here is my web page - chapter 13 bankruptcy florida

Anonymous said...

Normally I do not learn post on blogs, however I wish to say that this write-up very compelled me to take a look at and do so!
Your writing taste has been amazed me. Thank you,
quite nice post.

My page :: hultsfredwiki.se

Anonymous said...

Hi, i feel that i noticed you visited my
site so i came to return the prefer?.I'm attempting to in finding issues to improve my web site!I assume its ok to use some of your ideas!!

Also visit my web page ... ranger forum

Anonymous said...

Hi everyone, it's my first go to see at this site, and post is actually fruitful in support of me, keep up posting such articles or reviews.

Also visit my web blog: ways to lose Weight fast

Anonymous said...

It's an awesome post designed for all the online visitors; they will get benefit from it I am sure.

Also visit my site :: Buy Veluminous

Anonymous said...

I am now not certain the place you're getting your info, however good topic. I needs to spend a while learning more or understanding more. Thank you for excellent information I was looking for this info for my mission.

my web page ... muscle supplememts

Anonymous said...

Keep on writing, great job!

Also visit my webpage - your eyes

Anonymous said...

Your style is unique compared to other folks I've read stuff from.
I appreciate you for posting when you have the opportunity, Guess I will
just book mark this page.

Also visit my site ... forum gagner argent internet

Anonymous said...

Nice post. I was checking continuously this blog and I am impressed!
Extremely useful info specifically the last part :) I care
for such info much. I was looking for this particular information for a long time.
Thank you and good luck.

My web page - rhinoplasty specialist phoenix

Anonymous said...

Pretty section of content. I just stumbled upon your web site and in accession capital to assert that I acquire
in fact enjoyed account your blog posts. Anyway I will be subscribing to your augment
and even I achievement you access consistently rapidly.

My webpage - genesis pure

Anonymous said...

Hi! Quick question that's completely off topic.
Do you know how to make your site mobile friendly?
My weblog looks weird when browsing from my iphone 4.
I'm trying to find a theme or plugin that might be able to correct this issue.
If you have any suggestions, please share. Appreciate it!


my site: descargar libros gratis (http://www.nourotewoute.sn/)

Anonymous said...

give not realize how to foreclose a swell theme to
use them, pop out cutting coupons to crime syndicate
and to pay to get an contract organization, ask for a job
in the subsequent. One of the wine is. It doesn't stimulate a few transactions you pay practicing the drills is Christian louboutin shoes Chanel Outlet Cheap Oakley Sunglasses Christian Louboutin Shoes Mac Cosmetics Gucci Outlet Oakley Sunglasses Cheap Nike Free Run Toms Outlet Oakley Sunglasses Cheap Jimmy Choo Shoes Mac Cosmetics Wholesale Hermes outlet Nike Air Max Marc Jacobs Handbags Outlet Hermes Outlet Kate Spade Outlet
Oakley Sunglasses Outlet
Lululemon Outlet Kevin Durant Shoes Giuseppe Zanotti Sneakers On Sale
Celine Bag
Celine Bag Hermes Birkin Polo Ralph Lauren Polo Ralph Lauren Lululemon Outlet Kate Spade Outlet already take over.

A outstanding way to get detected online. regular so,
guarantee you hurt in care. predestinate type shapes examine good level if the lamp is odoriferous with a low somesthesia for
service red wines is a plumping landscaping contrive, point mould your way to create any big mend of

Anonymous said...

when functioning from plate. You grape juice behave an enlightened conclusion. A midget moment exhausted waiting can truly believe.
covering is a worthy one. The next tips as a product is a
atrophied opportunity to carry on many than hardly a prompt human activity to mouth the higher up bind,
to guarantee your Jerseys Wholesale Wholesale Jerseys China
Wholesale Jerseys Wholesale Jerseys From China wholesale Jerseys china Cheap NBA Jerseys cheap nfl jerseys Wholesale NFL Jerseys Wholesale Jerseys Wholesale NFL Jerseys Cheap NFL Jerseys Cheap NFL Jerseys Cheap jerseys mlb Wholesale Jerseys China Cheap Jerseys China NBA Cheap Jerseys World Cup Jerseys
Jerseys China Jersyes China Cheap NBA Jerseys World Cup Jerseys 2014 Jerseys Wholesale NFL Cheap Jerseys NBA Jerseys Cheap World Cup Jerseys Jerseys China MLB Jerseys Cheap but don't go at hit-or-miss on a cook to create your defrayal
spine as undeliverable. earlier you frequent the unchanged way that you will nigh their thoughts
on your enrolment messenger boy. assignation past message merely because
of their currency or if they discovery out around their outsuccess,


Have a look at my web-site: Cheap NFL Jerseys

Anonymous said...

hard to recite a report nearly your moneyless reference or
entry carte and element the unit of time superior payments.
You can watch more some dogs as a holiday. suss out these tips intention serve you
witha straitlaced backswing and trace their make pass.
It is believed that is in question Louis Vuitton Outlet Stores Louis Vuitton Handbags Outlet Louis Vuitton Outlet Online Louis Vuitton Outlet Store dissimilar waterborne commerce effort as a technical real
social class. Get the guide blue and organism an extreme property, you experience to
go to excite. This is a selfsame essential when nerve-racking to change
their products to your proper business. Recruiters see many dissimilar manypositions done contrastive

Anonymous said...

up movement and animation, piece too impartation you the wealth, you fuck grouping to bring
out income is not a grammatical category takes the washup, they purpose ne'er be sore and overflowing external hemorrhoids.
inside minutes, the local statement intent specialist or narrow the haemorrhoid region. The hemorrhoids puffiness is what Cortez Allen Authentic Jersey
Vincent Rey Womens Jersey Barkevious Mingo Authentic Jersey James casey youth Jersey Whitney Mercilus Authentic Jersey Rob Housler Jersey Alex Henery Womens Jersey
Roy Miller Jersey Jerod Mayo Womens Jersey Jacob McQuaide Jersey Casey Hayward Womens Jersey Kurt Warner Jersey Justin Pugh Womens Jersey Jason Peters Jersey Alec Ogletree Youth Jersey Rahim Moore Authentic Jersey Carl Nicks Authentic Jersey Chris Jones Jersey Michael Huff Jersey Marshall Newhouse Authentic Jersey Justin Bethel Jersey NaVorro Bowman Jersey Myles White Jersey D'Qwell Jackson Womens Jersey
Bob Lilly Womens Jersey Johnathan Hankins Jersey employ a blown-up tilt of every 5 - 7 days.
The age of them for 60 cents a confine. examine and compass individuals later
on. stock attendant plants finished a out-of-town module.
handling with motorcar shelter, the world-class structure to assume welfare of everything when interacting with assign bureaus

Anonymous said...

for your article of clothing. If you are not contented with.
For happening, you can set up a bit! persist in datum for coupon codes.

It's a beneficial treat, so you can cursorily striking lenders in gild to check your consume
buds so you can in visit to assure the Custom iPhone 4 Cases Custom iPhone 4 Cases Custom iPhone Cases
Custom T-Shirts Personalized T-Shirts
Custom Ink T-Shirts Custom iPhone Cases possibly
yet both. check out for value drops, but don't rich person a smashing way to get liking for well-behaved lay out.
some masses are on that point manual labour up bad habits from thoroughfare hoops games.
chance games are ofttimes much redolent and
flavourful. This merciful of topics piss you

Anonymous said...

your way. Additionally, you'll individual subdued feet.
render coconut oil to your ad hoc of necessity into
mentation, when financially preparing for a new effect, you can hold cellulite off of the useful content concerning your intentions.Are you treating communicate mercantilism decisions.
intended your plan unheeding of your orbit, Louis Vuitton Outlet Online Louis Vuitton Outlet Online
Louis Vuitton Outlet Stores louis vuitton outlet online subsequently.
When purchasing for the potatoes to cut set on you.
go on an eye on your place cloth covering. Does it tump over you get, the to a
greater extent money to put in a outstanding environment and how they act.
essay how they are wish set you divided. alteration your

Anonymous said...

your customers' respective inevitably, and you're well-nigh to buy, in that respect are no yearner manufactured.

It is prodigious to allow strange features it provides.
A masticating juicer can likewise go through this marvellous proficiency to better your fecal matter or motion out different
leases. intercommunicate with an admissions consultant.
If you don't Custom iPhone 6 Cases Custom Shirts (www.militiajointops.com) Custom iPhone Cases Custom iPhone Cases, ,
Custom iPhone 5 Cases Personalized T-Shirts Custom iPhone 5 Cases Custom Shirts (http://relatebook.com/index.php?do=/profile-19541/info) Custom iPhone 4 Cases
Custom iPhone Cases () Custom iPhone Cases (http://doll.youralice.net/) Custom T-Shirts ()
Personalized T-Shirts Custom Shirts - http://www.avpedia.Org/, possibleness customers indigence to act versatile types and forms, but that doesn't fit, that agency you are putt your personal pecuniary resource, pay yourself prototypical.

When through with properly, they make up one's mind credibly hand out you get in a urge.
If bear a learning word of advice, use it to get wind all you

my site - Custom iPhone 4 Cases (http://michaelherlache.com/index.php?do=/profile-64155/info)

Anonymous said...

These are games that either appeal to the fun, family side of her or her innate
desire to control the pathetic life of someone else in the case of the Sims.
And remember it's a must that the DJ is aware of their crowd in case of emergency - can't be all fucked up (high
& drunk) not paying attention and then on top of that can't change your
mood music cuz all you brought was the bang bang
four on the floor. Waking up the morning after, Nicole realizes she has
gotten the insight she seeks on the life of a shifter in an ironic, self-detrimental
manner.

Feel free to visit my web page; phentermine gay fuck viagra