Saving Guysuco

The purpose of this column is to propose a non-exhaustive list of possible solutions for the crisis facing the sugar industry, a crisis mainly brought about by several political decisions over the years. As a matter of context, we should acknowledge the crucial moments when the roots of the present day crisis were planted. Firstly, nationalization in the mid-1970s was the first blow to the industry by the political establishment. Nationalization, of course, was proposed by Mr Burnham and willingly supported in the name of ideological fervour by Dr Jagan. Nationalization not only caused the country to lose scarce foreign exchange as some of the surplus sugar funds were paid as reparation to Bookers,