Sat | Aug 18, 2018

Peter, Portia have no respect for Jamaicans

Published:Saturday | March 28, 2015 | 12:00 AM


It is very sickening in a postcolonial country that is supposed to have some sort of independence both Peter and Portia are celebrating plaudits from the International Monetary Fund (IMF) and Christine Lagarde last year, and now, apparently, from Barack Obama (according to Peter Phillips' fertile imagination).

Yet both seem impervious to the ongoing sufferings of the electorate in Jamaica who voted them into power, what with a 50 per cent pay cut of public employees over the last five years of wage freeze; underfunded hospitals, schools and garbage-disposal sites; and the lack of solid employment opportunities.

Successive governments have kept on lowering real wage rates, and also the social wage (government services), just to allow foreign and local capital to make even greater profits at the expense of those who labour. Exploitation thus continues as we join the race to the bottom.

Passing IMF tests (despite failing on tax collection, especially from companies) is their only goal, leading to the perversion of being able to borrow yet again (albeit at lower interest rates) to keep repaying debt. Even when (if) the debt-GDP ratio drops to 100 per cent, there will still be no money for the people's business, while the wealthy foreign and local creditors smile all the way to the bank.

Peter and Portia are so strident in their adherence to commitments made to the IMF, but show absolutely no respect for the commitments made to the Jamaican people at the last election.


Campaign for Social & Economic Justice