Sugar beyond the point of no return – Clive Thomas

Economist Dr Clive Thomas says he is now more than ever convinced that the crisis in the sugar industry has gone beyond the point of no return.

In the first of a new series on the sugar industry in the last Sunday Stabroek, Thomas said “At this point of time (the beginning of 2014), I am now more than ever convinced that the crisis in the sugar industry has passed its tipping-point or point of no return. This means that all hopes for a rational, considered and ordered reform and reconstruction of the industry are lost.”

His prognosi