Carolinaboy

2 Vote

SP 8 years, 5 months ago on Ex-Senator renews call for Bahamian industry ownership

Ex-Senator renews call for Bahamian industry ownership

...................................... Bostwick's message rings true ......................................

Mr. Bostwick said PLENTY that make a whole lot of sense.

Anybody with half a brain must concede that foreign ownership translates to dollar repatriation. Alternatively local ownership translates to dollar retention.

This is elementary!

Bahamians must become owners or at minimal partners in owning economic drivers of the economy or we will continue to be at the mercy of profit driven foreign entities having no stake in the well being of Bahamians and the country at large who find it all to convenient to pack up and abandon all in sundry.

As a result of 4 decades of foreigners owning everything, we find ourselves in a very precarious position!

Cuba has it right! Nobody can enter business in Cuba without 51% Cuban partnership ensuring should the foreign partner decide to pull out for whatever reason the "entity" survives as an asset to the country.

https://www.entrepreneur.com/article/27…

We must rid ourselves of incompetent, corrupt politicians cutting secret deals benefiting themselves to the detriment of the country.