THE EDITOR, Sir:
Mr Claude Clarke is my hero because he says it like it is. In his presentation to the Jamaica Manufacturers' Association A Annual Awards Banquet 2013 he said, "It is time for the Jamaican Government to fulfil its mandate to protect the economic interest of the Jamaican people. It is time for the Jamaican Government to put the Jamaican people first. And it is time for the Jamaican Government to assert its sovereign authority and suspend the Common External Tariff of CARICOM, at least for the duration of the IMF programme."
I suggest the Government should go further and suspend the World Trade Organisation agreement for 10 years on the grounds that we are bankrupt. Our manufacturing base has been destroyed and we need to become self-reliant to begin the recovery. We are so hooked on imports that no one will say we must match imports with exports. We are waiting until there are no US dollars to buy oil, then we will have rationing of electricity and petroleum products. Far-fetched? I think not. Can anyone remember the days of the competent authority, and the gasolene ration tickets?
Perhaps, we will have a Cyprus situation where rich depositors will have their money seized to pay for defaulted loans. Remember, it is we the people who owe the money not the Government.