Financial independence

Thursday, March 21, 2019

Print this page Email A Friend!

Dear Editor,

When I was pursuing my maths education training with The University of the West Indies in the 1990s I was taught that developed economies dealt more in manufacturing than the developing economies. For example, we would sell them pineapples. They would can it and sell us back for a higher price. It is called adding value to the product.

The fact the United States' manufacturing base has been decimated and their trade deficits and external debt has grown commensurately suggests that industrialisation is key to financial independence.

Political independence is de jure self-government, while financial independence is de facto independence. If Jamaica wants to be free and prosperous it must obtain financial independence. If not, Jamaica will be easily pressured to be a servant of developed countries. For example, look at the de-risking fiasco and the blacklisting debacle which illustrates the vulnerability of Jamaica to the caprice of developed countries like the United States and the members of the European Union.

When the rivalry between the US and China intensifies, countries like Jamaica will become pawns in their struggle for global hegemony.

Financial independence will give resilience to weather the global struggle for dominance.

Brian E Plummer

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed:

6. If readers wish to report offensive comments, suggest a correction or share a story then please email:

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon