Agony in the time of debt

Agony and debt

In last week’s column I sought to direct readers’ attention to the debt stress that is engaging our economy and the distress this portends. Those of us who lived through the agonies of structural adjustment during the 1980s would have survived one of the greatest peace time policy-driven assaults on the livelihoods of the poor and powerless anywhere. Draconian policies were pursued in the blind belief that, not until Guyanese were reduced to what was euphemistically termed as ‘living within their means,’ would development and well-being