JAMAICA'S Government SELLING-OUT & Foreigners BUYING-IN | Teach Dem
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- Опубликовано: 15 сен 2024
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Gov't selling out and foreigners buying in
#TeachDem #Jamaica #JamaicaForSale
I have said this before, Jamaica is a lucrative plantation available to the highest bidder! Please also don’t be fooled that even if foreign investors even higher local Jamaicans, they will get paid very little to take care of their families. Comcast, Verizon and AT&T have call centers in Jamaica, and the call center workers are being paid embarrassingly low wages. Again, Jamaica is a lucrative plantation available to the highest bidder. Jamaica is in a very sad state of affairs.
Agreed, the Jamaican government need to set and enforce a proper living wage, and make it a legal requirement for larger foreign companies to hire a majority of Jamaicans on their staff, or they should not be allowed to operate in the country
Ramakan and they say slavery is over! Which part?
We don't pay taxes so what you expect the government to do 🤷🏾♂️ we complain about the Chinese taking over and yet not even farming we want to do. But if bling dogg is holding a party for 4 days straight. Just imagine how much Jamaicans would find the money to go there 🤣
Jamaicans are now tenants on their own island and don't own
sh💩t!.. Smh😔👍🏽🇯🇲🇺🇸🌴☀️🌴
U have to bey it
What's new? Jamaica for sale and oppresors alone money can affords it smh
Teach respect for this post,,, very soon jamaican government has no control over our country, it's a shame and disgrace, hope everyone share this!
Majority of the countries in the world is business and if it’s citizens not taking advantage of all these businesses,guess who gonna take advantage of it FOREIGNERS .
JAMAICANS need to stop COMPLAINING so much and do more DOING!
Orgil Thompson 👏👏👏👏👏👏👏👏thank you..these simple minded people dont understand..Even the great America doesnt own half of America
YOU SOUND RIDICULOUS. IF THE GOVERNMENT A PUT MEASURES FI STOP FROM BLACK PEOPLE FROM OWNING ANYTHING BECAUSE OF THE HIGH TAXES MEANWHILE CHINEY,FRENCHY,SPANISH,AMERICAN,JAPANESE,KOREAN AND BRITISH NOT PAYING NO TAXES.DON'T YOU REALIZE ITS PURPOSELY DONE TO WEAKEN THE BLACK PEOPLE MARKET.
Natti Dread we need to stop blaming government for everything,”example if black student come home from school and get 90% in their exam the parents start to praise them and posting it on social media,this would be the Chinese parent reaction,where is the other 10% why not 100%” So we need to start look into ourselves before we start to complain
Orgil Thompson true talk plus furthermore look at presently now the scandals that is rippled through the energy company and petrojam a state owned companies it's a disgrace ... if these great asset should diverse or ad Jamaicans should have the right to buy shares
Do more when they blanking local people.
Teach dem big up that's why I don't see the point of Jamaicans in the island or around the world even bother partaking in the celebration of our so called independent nation when in reality the decisions of our leaders don't reflect Jamaica as a truly independent nation
Absolutely ridiculous! All I can & want to say is: Jamaicans, invest in yourself, believe in your intrinsic value, we are an innovative and industrious people, and we don't have to sell out our country in order to make a dollar.
This is happening world wide. I live in Canada and this happens here. Its unfortunate but its just the times we live in
Teach, you are a true son of the soil (as the saying goes). You have raised and presented a passionate piece on government divesting Jamaica's industries and enterprises. I am sure many Jamaicans share your sentiments and national pride. I do as well. This is a broad topic that could easily be made into two or three college courses in political science to give our young people a deeper understanding of economic approaches and principles and the ideological forces that drive them. Having said that, there are some stark realities that we must contemplate when confronting the topic of divestment and nationalization.
Essentially, privatization is government selling (divestment) a country's industries and enterprises to private owners (investors); whereas nationalization is the reverse ....the acquisition of a country's industries and enterprises and run by the government. Both these economic approaches have their advantages and disadvantages and both are in ways tied to political ideologies.
[* I claim no authority on the subject although I once taught an undergraduate course in POLITICAL ECONOMIES some years ago. However, time and space (on RUclips) restrict the depth and how much I can elaborate on this topic].
I will however make a few points: Privatization is not entirely a bad thing for economies, if for the fact that overall, private owned industries and enterprises consistently out perform state owned industries and enterprises. That in part is due to the obvious ... When someone owns something, they are more protective of it and have a deeper vested interest to go the extra mile. They have less restrictions and have more freedom to take measures to ensure growth while simultaneously safeguarding their investment. Privately owned businesses also have a faster response time when making crucial "on the spot" decisions and addressing problems that unexpectedly arise in the operation of the business... And understandably so, since the decision makers in the private sector are usually the owners, who need no external approval before making decisions.
State owned and operated industries are not entirely bad either, albeit in different ways. For instance, state owned/run businesses come with greater job security, and that to some people can mean more than even a bigger pay. Many persons from experience can attest to how difficult it is to dismiss a government worker, even in the face of incompetence. Government jobs also tend to have very good fringe benefits even for bottom level workers. In short, nationalized industries arguably hold the edge over private industries when it comes to the treatment of workers [job security] and their "bread & butter" [so to speak].
Nationalization however, has its down side as well, but the extent to which one views these things as negatives will largely depend on what one deems as important in the work field. For this discussion, let's see government as a large bureaucracy, staffed by civil servants and managers, hired or appointed by our elected officials. Similarly, nationalized industries are placed under a structure whereby management is answerable to an external power ...the elected government. And although the workers in these industries are not civil servants in the typical sense, their immediate bosses are political appointees, who more often than not are restricted by state laws and regulations in as far as policies and operational procedures are concerned. Whether hired or appointed, heads of government agencies, offices, industries, enterprises etc, have less vested interest in the profitability or sustainability of the business than their counterparts in the private sector. Some of the reasons for this, is the inescapable underlying and unspoken feeling that, "It is not mine so am not gonna make it stress me out or kill me." Or attitude that "I am only doing a job." Or the notion that "It belongs to the government and I can be fired any day." In short, there is little vested interest other than holding a title and being paid for performing a job. The exact opposite is true for for privately owned enterprises.
Another downside to government owned industries is the financial risk management aspect. Government must bear every loss incurred and in so doing they have to use taxpayers dollars to sustain any failing operation. And Air Jamaica is a classic example of this. Of the 42 years Air Jamaica was in existence it recorded 40 years of losses. That was unsustainable. Yet the government held onto it and shouldered the burden of those losses simply to safeguard a national treasure and pride. Imagine the same thing happening to not one but several government controlled industries. No economy can afford to do that without suffering dire economic consequences.
Jamaicans will continue to debate the Air Jamaica issue and other failed nationalized industries for years to come. But as rational thinkers we must ask ourselves if a private industry would take 40 years of losses out of a 42 year history. It is inconceivable.
Ps. As a side note, I do recognize there are exceptions when government and private interest go into partnerships but that is another topic for another day.
MrDport58, Thank you and I agree with you completely. Many times I read responses on RUclips that just leave me shaking my head. Partly for that reason I occasionally put in my two cents worth with the hope of raising the level of interaction. And in this particular instance I was very pleased Teach Dem raised the subject for discussion, because it's an area of Jamaica's affairs that needs to be talked about openly and honestly for better understanding.. Be blessed !
Just seeing this comment bro, deep, insightful and most articulate
Fully understand Bro. As you can see, I did take the laptop with me ... lol
Lol I noticed
In the name of Righteousness Truth Wisdom let the people of Jamaica not exploit each other or be exploited in the name of Righteousness Truth Wisdom.
And then celebrating Emancipation and Independence day, Jamaica is still not free SMH 😤. Thanks for the info teach keep up the good work 👍
It's funny how we jamaican always talk about sell out but 90% of our people don't pay taxes think everything should be free , if we don't want jamaica to sell out invest some of the millions you got in your bank account and I will wait to see that cause we don't have it .I live in America and without the private sector American would be in trouble. So my point is we need people to invest so if you don't have any money to invest be quite and fit in were you can.
I speak for myself
Of course we need investment but my point is seeking investors and selling off the Nation's assets are two different things
@ Teach Dem
Sir, you have done an awesome job with this one!!
Sad sey these heartless and cruel leaders continue to make decisions that are not for the greater good. Mi hear nuff pain and passion ina yu voice.
It all comes back to leadership ... And the lack of foresight with regards to plan of action with a vision to grow and develop Jamaica ! And yet still we are no better for selling out our birth right SMH
With all this selling out of Jamaica our motto rings true "out of many one people"
Fantastic documentary Teach
I nominate you for the top Jamaica Vloggers Award✊👑🏆
Jamaica was never Independent if you take a closer look.
Unfortunately, Jamaica has become a satrap for its local warlords, politicians, and international investment vultures whom collectively have become its global gadflies. I wish Jamaicans would discern the differences between patriotism and nationalism and the concomitant civic responsibilities.
You need a monthly Political Table Discussion in a 60 Minutes format to highlight the blights and plights of Jamaica’s progress or the lack there of.
This is post is just a pixel of a scathing report on the Jamaican government ineptness and lack of vision. Your commentary far exceeds anything the Jamaican media and news sources are willing to publish. I brag openly that your channel provides the best commentary to the Jamaican Diaspora @Teach Dem
This is one of the reasons I don't vote for my country I love Jamaica so much I really do. I never vote for the jamaica Labour party nor the People's National Party.
Teach them mi brother.👍👍
It's sad what's happening to Jamaica.
Real talk sometime i wish we could do it ourselves we do not have the guts to do it our self😱😱😱😱😱
So teach, dem soon sell de name to? (Jamaica) basically that is the only thing left to sell. Let me know if I'm wrong. Or is there more to sell. Smh
hyagirl barrett Jamaica is a corporation just like most countries. The name’s sold already
Yes Teach I agree with you, from the 80’s on.
everybody a scrape when a fi dem time ...smh instead of trying to help the country rise
Everybody family
Teach Dem, continue to lead the revolution
Blessings my brother
Every rhas thing Sell out smh. A really these individuals we choose to run our country. No form of creative thinking, Jamaica need to give young people chances to help run the country with new ideas and stop the foolishness
This is very sad one day Jamaica will not even own its name that’s about the only thing left to sell smh
That's all the government knows how to do
Great job teach
I hope Dem no come try dat to my little piece maybe this🇯🇲🇯🇲 will be the only thing some of us have left.
We will be fighting for another Independence
Only the ppl left to be sold,all else is gone.
It is terrible Jamaica dont own nothing the prime minister sell out ever thing,, shame. shame , shame, even Rui hotel in Jamaica own by Spanish, Jamaica dont own noting, the hotel now have Spanish dances, if I want to see Spanish dancers i would have gone to the Spanish islands, the prime sell out everything him soon sell his soul .
I'm fed up of them selling out to foreigners. Build and universities for the people to rise them from the slums
Maybe an idea would be to petition, per community, a certain amount of financial support in order to hire a few experts and have the people build it themselves, for themselves and not for others!
At the end of the day , WHAT THE HELL IS GOING TO HAPPEN TO THE JAMAICAN CITIZENS!! Everyone is buy out the country left right and centre!! Andrew stop selling out your people 😔😔😔
2 trinidadians and 3 members of government disliked this video
XavierHex,
Why are you trying to make me laugh so hard.? DWL ...LoL. That is so funny... LoL
This is deep so the people up next for sale!!!🤨🤔🤔😎😎😎
WHERE DOES THE MONEY GO? WHEN THEESE VENTURES ARE SOLD.
More jobs for Jamaicans the better
Max ...If its just slave wages jobs what does it matter.
@@cgreen777
True £45 per week $7,200 ridiculous.
This makes me feel sad and worried for the future generations to come. Thank you for this info xx
What is beating us has a people is our inability to work together and raise capital to buy some of these assets. However the government if it wanted could have easily offered the assets in the form of shares to locals but there would be no under table pay out so don't hold your breath.
Jamaica should impose a higher taxes on those business buying into the country a use that tax money to create better government job. give the cops more pay and better training. Teachers more pay. Better health care. I personally believe that selling out some of these properties is good for the economy. Most of the new development that we jamaican all love like the highways, the redevelopment of downtown. Is due to the country selling those properties out the foreign investors.
this addiction to quick fix money.....could lead to divided sovereignty!!!.....
Bredrin...we too tief and lawless and as such Jamaicans cant seem to run anything bigger than a patty shop. However, this was not always the case. My grandmother told me stories about growing up and about all kind of factories that used to be in Jamaica and all kind of industries We should have built on that base instead we leave them to ruin. I remember when the government owned the phone company and JPS. Light going off was a regular ting and you couldn't get a phone unless you had contacts. You affi guh stand-up ina line at phone booth..
"JAMAICA LAND WE LOVE"
PEACE! 🙏🏽🙏🏽🙏🏽🇯🇲🇯🇲🇯🇲
Teach weee with our government mind set it only going to get worst smh
Very informative. Thank you Teach.
GM teach our so called leaders are educated by these same investors so they are just the vanguard of massa grand vickney them. Teach I love your passion for a better JA but sad to say nothing will change because there are not many people with your kind of love for country and your fellow man so people like you and i are outnumbered, don't give up my bredda but a deh so the thing deh have a blessed day MI bredda and walk good
Love this video teach , your speaking factual stuff . Them selling everything out 😒
Lord, what will we have to leave for our future generations? Others stole from us, brainwashed us, our own sold us, and then our own are selling everything out right from underneath us. Sad and shameful. Kmdt.
But when they sell where the money go SMH ....
I hear you
But you darn right..again. Dont get me started..hahaha. We just beating our gums.
Jamaica! STUDY IMPORT/EXPORT, INTERNATIONAL BUSINESS, BUSINESS LAW, ARCHITECTURE, AGRICULTURE, ECONOMY, (HOW TO COUNTER) NEURO LINGUISTIC PROGRAMMING, FOREX/STOCKS INVESTING, INVENT, ETC!
teach a yuh fi run the country
Thx for this
You are most welcome
EXCELLENT VIDEO .......GREAT JOB SIR ..... AND THE LIST GOES ON ..THEM A piss mi off
This hurt mi bad bad... Every place with culture just allowing the Christopher Columbus of the world to take what they want.. We won't have nothing..
Yea dwg... Ting informative. Want yuh drop the video bout the politicians them now.
Strong point tech thanks for the eye opener
Teach dem I think you should venture into politics...
No interest in that anymore
@@TeachDem once there was it can be reignited
No teach, don't do it, bad advice dat. All Ja politions start off good and end up bad or corrupted which ever ,same ting.
Next the school and hospitals there is Moore to this than meet the eyes they are draining money and opportunities out of the country so sad that way they can have Jamaicans on there knees
Jamaica need train stations around the country.
T - Wayne that's a very controversial topic. Opening train stations is good but how many people can you employ comparing to how many taxi and bus operators are there. I'm saying that Jamaica is a small island with low employment. Having train stations will eliminate the taxi routines and bus. So you would be creating employment but also damaging the self employment structure which is very big. What are your thoughts?
@@ACURACALABAR11 Good Point, What Jamaica need is probably more police department , fire department, hospitals and more military bases around the country
Train station fe wha. Sometimes development is a very bad thing.
Yes but at what cost
Jamaican have their priorities cross, Bob Marley warned them, and they still as not taking heed, they will never know themselves until their backs are against the walls, Buju said those who can afford to run will run and those who cannot will have to stay, Jamaica the ancestors and ancestoral GOD'S rising, they are coming back
The Jamaican dollar need to be stronger
Teach dem
Thanks for the video teach dem channel
Thanks teach ,mi remember all of these and and many more that you dident get to mention,Jamaica flour mill, Duns River... we really get a raw deal "shake mi head"
Sigh........I am stressed out ......so imma convert that stress into capital.....and make up my mind to do something about what I don't like......all I can say
Divestment isn't a bad ting, as long as the powers that be handle the affairs of the country in a manner that is beneficial to to its citizens. I thing government should offer to sell shares to the common man and not just the overseas juggernauts
None are more hopelessly enslaved than those who falsely believe they are free. - Johann Wolfgang von Goethe
True true
Them worst than the dam gun man them.Really sad
The program of the IMF is not the program of Jamaica. The Jamaican government must set minimum wages for these foriegn entities. It should be avwin win situation, they're saving a lot, the location and convenience of Jamaica, should be also considered ! When negotiating contracts, labor, government, industry representatives, legal representatives, and proper research done before entering into any contracts. These are to ensure the growth and development of of the people and the country. The law must be change so then people benefit from the natural resources found on there lands, the colonial plundering law, with respect to natural resources must be abolished.
Good point teach dem foriegn owner ship means repartriation of hard currency which mean purchase of US dollars to export nobody not hilighting that all and the low wages definatly not cutting it
Its too late, every thing sold.
The fact of the matter is Jamaica government has bankrupted every sector of the economy due to poor reckless mismanagement and coupled with corruption the country has been on a downward trend since its independence not having much sustainable growth. Frankly, Jamaica don’t have much options to choose from given it present state; security being its main detriment and a overly complexed tax scheme. Just a few of the deterrents in attracting foreign investment. Though Jamaica is up for sale it would be positive to find buyers instead of cherry pickers taking that which is they think can still turn a profit.
What next...... Thanks for all the info
I saw a Russian millitiary plane Christmas when I was flying out
No don't sell out Jamaica
You mean not anymore?
@Da Royal General
True
I agree teach Jamaica have too much false leaders give thank teach bless
If we no own nothing..a wy de yut dem ago do. Live pon de ocean.
The difference is money. The government doesn't have the money to invest into these entities to make them profitable. I don't think your assessment of the reasons for selling these entities is fair. Why not talk about some of the real challenge they face in keeping them afloat. Why not talk about the millions of dollars being lossed at the JUTC. These entities seem more like a never ending sink whole where the government dumps it's cash.
Although we would love to keep them they are a burden to the government coffers. Plus once GOJ owns it every Jamaican expects to get the service it provides as free or paying little to nothing at all. Once we hear a government entity making money we say "the government a tief we money".
I won't say there isn't corruption and things that can be done to rectify these issues preventing them from becoming profitable but all that takes money. Money we don't have.
The question should be why are local investors not buying these entities?
You have your opinion i have mine blessings
Teach Dem Yes we do. I can't really tell you how to run your own channel either but I wish you took a more balanced approach to talking about topics like these.
I think it would be better to state all the facts of the situation and then give your opinion. That way others can weigh the pros and cons in there mind and come to their own conclusions about the topic instead of being only given your opinion on the story.
I say this because you have a lot of reach and what you put out there can have far reaching consequences. I not saying don't put your opinion in it, but present all sides before doing so.
Just my thoughts. ✌🏼
Andrew Titus
Have to agree with you
You have done a good job of showing the other side of the coin.
The government all about there self n not the ppl..
Can you speak on how wto has helped JA because The Bahamas is taking us down that same Path
Box cover😱😱😱 we nuh own nothing 🤔🤔🤔
I’ve been saying the same thing as I tour the island for the 2 wks I been here..everything is owned by outsiders
Wow reason, we are so in debt liquidating one's assets will create funds to pay loans, what the government is not explaining if you are a foreign owner you can bring your own employees in, my concern
the wealthy Jamaicans not buying Jamaica ( not investing in the Jamaican companies) instead of cars and lavish lifestyle, How many times have the Jamaican bauxite companies sold while the country shares get lesser, pretty soon all the lands in Jamaica will be gobbled up by Foreign Investors, beware of this word eminent domain , I won't be surprised if this will come up soon, this is way out of control .
When i saw how Richard Branson
handle Andrew I realised how little respect other countries have for our leader.
And how weak Portia was
successive selling off of assets without a contingency plan like it becomes Jamaica property after 99 years or if you build a road you agree to have 1/3rd of the work force trained by them .
Or if you own a Hotel we have a stake and contract to supply food .
Our leaders are not frighten for us but they are frighten to fight for our country on our behalf for our future.
That's what why people want to leave here .
Land of wood and no hope .
Sorry if I sound depressed
I u don't see a light at the end of the tunnel.
Wow Jamaica is in a mess for about 200 yes. Recolonisation
"french are eating a food" lmao
TRAGIC!
Mi soon leff da land ya mi no wa dash weh mi nationality but da boy deh name Andrew and da government ya mek mi shame and affi look it fi mek it Fimi self cause national pride na go no weh... a JUTC up next if dem coulda sell bolt dem do that long time
Crazy 12 bridges have collapsed in Italy since 2004 damn
Jah know it doh look gud
When all is said and done the I a return back to the hills...
Young man you are too young to know of the debates about Jamaican ownership of our resources that went on in the late 60s and 70s. In the 1970s Michael Manley believed and practiced the policy of Jamaican ownership of the "commanding heights" of our economy. He was condemned and voted out and since the 80s, we have had divestment of various enterprises. The Americans and the JLP always say Government cannot manage business. Divestment is not limited to Government property in Jamaica. Private owners like: Tia Maria, Desnoes & Geddes, Red Stripe, Sagicor Hotels, Dolphin Cove, Wray & Nephew, Excelsior Buscuit, HD Hopwood etc, have all been divested to foreign companies.
The only stable rich caribbean nation is 🇩🇴🇩🇴