So, all signs are that the Southlands/Morgan’s Point deal is crumbling due to political interference and backroom tinkering. Is this any surprise? The pattern is well established.
Government’s tactic now seems to be to belittle Brian Dupperault and the Southlands team. In my opinion, the question is: who are you going to trust … the executive who has a reputation for building industries that make Bermuda’s economy prosper, or the politicians who have a reputation for overseeing their decline?
Also, the gloomy analysis from economist Craig Simmons is sobering. Again, no surprise here. Many voices in the community have been warning of the dangers of the PLP’s behaviour for years, but have been fended off by the Government’s unfounded platinum optimism.
Surprise: investors and business people are abandoning Bermuda because their rational analysis says SOMETHING IS WRONG HERE, not because of the insider plots of racism or partisanship claimed by the PLP leadership to cover their management inadequacies. The world sees we have governance issues; when will Bermudians see it?
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