‘Social credit’ should be explored for the displaced sugar workers

Dear Editor,

Having been a member of the Commission of Inquiry which made some specific recommendations for the sugar industry over two years ago, I have naturally been reluctant to make any public comment on the industry or its employees, or the increasing numbers of suggestions/recommendations being publicly offered by various concerned individuals and organizations. But the plight of the sugar workers being displaced continues with no apparent let-up in sight. It is in this context that I wish to suggest yet another approach that might be worth serious consideration.

It is the idea of ‘social credit’ pioneered by Nobel laureate, Muhammad Yunus, which goes even beyond the micro-credit system of the Grameen Bank of Bangladesh that provides poor people with small loans to launch their own ‘businesses’. The idea is fully described in Dr Yunus’s book Creating a world without Poverty and gives a practical example of how it was applied in “partnership with the business giant, Danone,” to produce affordable, nutritious yogurt for malnourished children of Bangladesh, a country that is not dissimilar to Guyana. (I had the privilege of living and working there and believe that Guyana’s IPED approach comes closest to this alternative).

I humbly commend its study and recommendations.

Yours faithfully,

Nowrang Persaud

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