Tue | Sep 25, 2018

Better to bank on reparations, not writeoffs

Published:Wednesday | April 15, 2015 | 12:00 AM


In the current national debate about the value to Jamaica of debt write-offs at this time (whether engineered or facilitated by President Obama or not), we might as well put the slavery reparations card firmly on the table.

It may well be true that if our debts are cancelled or forgiven without significant improvements in our ability and will to manage our economic and social affairs competently and without corruption, we will be no better off in the long run than we are now.

But the answer to the problems and challenges of life is not always to accomplish one thing or the other, or one thing at a time. Often, it is necessary to do or accomplish many things at the same time.

It has also been observed, especially by Dr Damien King, that much of Jamaica's debt is owned by Jamaicans anyway. Hence, no special advantage or benefit in going out of our way to make ourselves poorer.

Hence, it appears to make more sense, now than ever before, for Jamaica to continue pressing for some serious foreign-based, economic reparation benefits and concessions, while combining all available resources to increase productivity, eliminate crime and other forms of inefficiency and corruption.



Kingston 10