Policies of self-destruction

Posted on Mar 24 1999

Businessmen are usually more adept to reading new investment trends upon which they make thoughtful amends, whether policies stifle or facilitate current and future investments, and what stable measures are needed to guard against any assault in forging lasting investments. They’re right in the thick of things. It’s their forte.

However, there’s the apparent miscommunication and obvious lack of good working rapport between the public and private sectors that have given rise to incoherence, disagreements and discontentment as to feed upon a growing gulf of discordant views. While both sectors may mean the same thing, differences in methodology or approach has turned into locked horns prohibiting any appreciable effort in charting the social and economic future of these isles.

While both sectors lock horns and play-up their annihilistic behavior, the economic sector takes a further plummet in revenue generation into fearful low levels thus the constant revision. The attitude of “us vs. them” between a proactive business sector and a confused and reluctant public sector seems the perfect prescription to inflict further hardship at the grassroots level. The greater question is: Do our innocent people deserve any further hardship as a direct result of this adolescent attitude?

The public sector must understand that unless it can ably consider long-term and well thought-out policies that encourage lasting investments, it must get off its politically correct horses and converge with the business community to forge a collective plan in partnership that encourages a stable economic future via wealth and jobs creation. And the public sector must begin by scrapping its propensity of changing boats in midstream. Inconvenience isn’t an excuse to flaunt the destruction of hard earned investments. Such shift in attitude or policy must be supported by reasoned analysis, not politically convenient excuses as to play into the hands of self-destruction.

The public sector must also learn (in the quickest way it knows how) that the first issue that investors look for is stability in any and all venues it plans to sink its hard earned money. In fact, it is the key issue that determines whether to give the green or red-light as it studies political and policy stability of prospective host countries. For once in our lifetime, we must hone our skills at understanding the consequences of public policies. So far, we’ve churned out ill-conceived policies that now threaten a brighter tomorrow for our children. The bird is in your palms. It’s up to you to set it free or quash it to death!

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