Bermuda has boomed as an international business centre due to the critical mass of decision makers in the insurance sector and related fields that worked here.
So the PLP, in all their glory, came up with the brilliant idea of placing “term limits” on how long those business leaders could stay on the island.
This – combined with the general pissiness of the PLP towards expatriates and international business – led to a massive exodus from the island. Voilà, no critical mass.
The PLP’s actions have excoriated our economy. Bermudians from blue collar to white collar are feeling tight around the collar. No matter what the spin says, IT’S NOT THE GLOBAL ECONOMY that fuxed Bermuda. It’s our own weak political leadership that smothered the golden goose.
Back in the days of hubris, the Cayman Islands copied Bermuda’s term limits excess. They’ve now admitted this was a mistake and also deeply damaged their economy. They are now moving to undo term limits.
Admitting is the first step to recovery. The second is voting in a competent Government.
No Comments so far ↓
Sorry, we are not accepting Plantation Comments.