Thu | Sep 20, 2018

Shaw accuses Phillips and PNP of being socialist, unable to grow the economy

Published:Monday | November 17, 2014 | 3:50 PM
Audley Shaw (left) and Andrew Holness at the Jamaica Labour Party’s conference, held at the National Arena yesterday. - Photo by Norman Grindley/Chief Photographer

Jovan Johnson, Gleaner Writer

KINGSTON, Jamaica:

Opposition Spokesperson on Finance, Audley Shaw, is accusing Finance Minister, Dr Peter Phillips, of being a socialist, who does not know how to run a market economy.

He made the assertion while addressing thousands of party supporters at the Jamaica Labour Party’s (JLP) 71st annual conference in Kingston yesterday.

According to Shaw, since Independence, only the JLP has been able to consistently grow the economy in excess of six per cent per year.

He argues that Dr Phillips complies with all International Monetary Fund instructions even as the fund is criticized.

However, he says Jamaicans should not be fooled, as the finance minister and the People’s National Party Administration are socialists and lack the competence to grow the economy.

Democratic socialism is the belief that both the economy and society should be run democratically to meet public needs, not to make profits for a few.

Jamaica experimented with democratic socialism in the 1970s under the leadership of former Prime Minster Michael Manley, who argued the ideology was aimed at ensuring equal opportunities for Jamaicans.

While there was significant social legislation that benefited average citizens, the middle class rebelled, the economy suffered and Jamaica earned the wrath of the United States and other capitalist and Western powers.

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