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Socialism, Capitalism and Corruptionism

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By Makeda Mikael

In my lifetime we have seen three main system of government operating around the world as we in the Caribbean have been slowly becoming independent — Socialism where the State owns and operates the economy for the people, Capitalism where free enterprise allows the rich to get richer regardless of the state of the poor, and in recent times the creeping coup of CORRUPTIONISM, governing by dictatorship and enrichment of Government officers and their immediate families.

I think it was Karl Marx who said the best time to convert to Socialism was at the height of Capitalism, however our neighbour in the U.S., Trump, is still fighting to establish his brand of corruptionism, which his friends in Russia and North Korea embrace.

Let us face it, corruptionism requires corruptors and corruptees, and where a people have been controlled for many centuries, corrupt leaders replace the former oppressors who then assume the role of the corruptor.

Corruptionism has been the main system operating in Africa to such an extent that it is considered the approved system, which applies in most African countries, but covered up and presented as the parliamentary and administrative systems of their various colonizers.

Basically the systems of government of the developing world present to the world a view that they can live with and which the regional and international organizations are expected to accept when their leaders pontificate on the international stage.

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Corruption in the Caribbean is often introduced by the corrupters of our past as special agents of the former colonizers whose economic power changes hand as the economy shifts between British and American control.

Tourism, which is the dominant sector of the economy, and aviation, the transportation, are unique vessels to move money around, to acquire property and routes, while both provide the ability to operate financially abroad and provide only as much information locally as needed to pass muster. Great ways to maintain corruption without local records.

Unless political parties prepare to initiate changes in the administration of government from day one before  accepting the cushy comforts of corruption and the congratulatory bribes of the corrupters, who will all prevent and pre-empt any anti-corruption measures from being implemented.

On 108 sq. miles everyone knows how much money persons in Antigua earn; they also know what property is owned and how it was gotten; the complicity of silence about the big money and property, which has been suddenly acquired by elected officials, their family and close associates and is deafening!

Thoughts and views expressed in Commentaries, Editorials, Letters or Op-Eds do not necessarily reflect the opinion of ABN, its management or staff.

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2 responses to “Socialism, Capitalism and Corruptionism”

  1. “The complicity of silence about the big money and and property, which has been suddenly acquired by elected officials, their family and close associates is deafening”. Interestingly this statement does not only apply to elected officials, the families and close associates because it is alleged that other persons with big money and property are and has been involved in other dubious activities from which they derive such wealth. That might be considered another form of corruption but corruption nevertheless. Persons are known to lose their lives as a result of their direct or indirect involvement in certain lifestyle, others are reduced to a zombie state with one thing remain constant…#@*%$$ benefit directly from the demise of others. Certainly the issue of corruption MUST be addressed but in a holistic manner and not from a sour grape perspective. For years persons from various quarters of this society seems to know or have known about some form of corruption but they have not: 1. produce the evidence nor 2. take the matter before the courts. Tired with the chattering!!!!

  2. The main problem consist in be a sheep or their guard .. until you will find out who is a predator just become was he or she be involved ( many of the persons get involve into POLITICS,their know what’s will become at soon of the sheep’s turn around their eyes. Find for you selves in the dictionary the definition of politics and VUOLA…mind the words and not the people. Wake up

REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES – INDIVIDUAL SELECTION)

 

OECS MSME Guarantee Facility Project

Loan No.: IDA-62670, IDA-62660, IDA-62640, IBRD-88830, IDA-62650

Assignment Title: Senior Operating Officer (SOO)

Reference No. KN-ECPCGC-207852-CS-INDV

 

The Governments of Antigua and Barbuda, Commonwealth of Dominica, Grenada, St. Lucia and St. Vincent and the Grenadines have received financing in the amount of US$10 million equivalent from the World Bank towards the cost of establishing a partial credit guarantee scheme, and they intend to apply part of the proceeds to payments for goods, and consulting services to be procured under this project. 

The consultant will serve as the “Senior Operating Officer (SOO)” for the ECPCGC and should possess extensive knowledge of MSME lending with some direct experience lending to Micro, small and medium-sized businesses, knowledge of the internal control processes necessary for a lending operation and the ability to design and implement risk mitigation procedures. The ideal candidate should possess an Undergraduate Degree from a reputable college or university, preferably in Business, Accounting, Banking or related field, with a minimum of 5 years’ experience in lending, inclusive of MSME lending. The initial employment period will be for two years on a contractual basis. Renewal of the contract will be subject to a performance evaluation at the end of the contractual period. The assignment is expected to begin on September 30th, 2021.  The consultant will report directly to the Chief Executive Officer of the ECPCGC.

The detailed Terms of Reference (TOR) for the assignment can be viewed by following the attached link below. 

 

https://bit.ly/3iVannm

 

The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) now invites eligible “Consultants” to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have:

  • An Undergraduate Degree from a reputable college or university, preferably in Business, Finance, Banking or related field; and
  • Minimum of 5 years’ experience in MSME lending. Applicants should also have:
  • The ability to design and implement risk management procedures 
  • Extensive knowledge of MSME lending with some direct experience lending to small and medium-sized businesses
  • Extensive knowledge of MSME banking operations
  • Knowledge of the internal controls necessary for a lending operation and the ability to design and implement risk management procedures
  • Experience developing and presenting information in public, including responding to questions in real-time
  • Experience lending to MSMEs located in the ECCU
  • Knowledge of marketing and communicating with the MSME sector
  • Ability to draft procedures to be used in a lending operation
  • Familiarity with the mechanics of a loan guarantee program
  • Exceptional written, oral, interpersonal, and presentation skills, and
  • Proficiency in the use of Microsoft Office suite.

The attention of interested Individual Consultants is drawn to Section III, Paragraphs 3.14, 3.16, and 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers July 2016, [revised November 2017] (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest. A Consultant will be selected in accordance with the Approved Selection Method for Individual Consultants set out in the clause 7.34 of the World Bank Procurement Regulations for IPF Borrowers. 

 

Further information can be obtained at the address below during office hours 0800 to 1700 hours:

Eastern Caribbean Partial Credit Guarantee Corporation

Brid Rock, Basseterre,

St. Kitts.

Expressions of interest must be delivered in a written form by e-mail by August 11th, 2021, to [email protected]

 

For further information, please contact:

Carmen Gomez-Trigg                                                            Bernard Thomas

Chief Executive Officer                                                          Chief Financial Officer

Tel: 868-620-8144                                                                  Tel: 869-765-2385

Email: [email protected]                                          [email protected]