Title: The Future is in the Past.
As July slowly draws to a close, it seems lessons abound every day.
In this country, we suffer from a post colonial mentality that sets us back in many ways: societal, cultural and otherwise.
Reports recently emerged that the President’s House may have to be demolished and rebuilt as it is beyond repair.
One of the most beautiful buildings in this country has been totally ignored and left to fall into ruin.
A parallel can be drawn with CL Financial.
Despite its obvious problems that led a to a Government bailout in 2009, CL Financial was a, if not THE crown jewel in local and regional commerce.
The company had reach, power and money that the State could only wish to be a part of.
And they became the whole in 2009.
CL Financial, according to economist Indera Sagewan-Ali, contributed as much as 25 percent to this country’s GDP.
That’s a HUGE piece of the pie.
And now, with everyone clamouring for it to be saved, Goverment wants to sell it off piece by piece.
Just because something is old and crumbling does not mean it can’t be saved.
The shareholders have promised to pay the bailout bill.
So why does the Government need more than that.
Will the 20 odd billion required not be enough to let things go?
If we refuse to learn from our mistakes, it’s the same circle we will be running.
Just in a much deeper hole.