Politics and Guyana’s Underdevelopment – Part 4

Introduction
This series of columns argue that Guyana will stay an underdeveloped country because the Constitution promotes competition for economic resources between the two main ethnic groups. In this competitive arrangement the East Indian elites associated with the PPP gain the greatest economic rewards. The media houses have reported several events where individuals connected to the PPP have expanded their economic stranglehold on the economy by gaining the rights for TV and radio, oil exploration, gold extraction, land ownership, hotel construction, broadband internet provision and government contracts. In return, the connected friends have in the past financed election campaigns and other events like a Presidential appreciation day.