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A critical assessment of economic mismanagement in Jamaica
Potholes have been a decades-old feature of Jamaican roads.x
Letters
BY Christopher McCurdy  
February 13, 2025

A critical assessment of economic mismanagement in Jamaica

 

The following is an open letter to former Prime Minister PJ Patterson

 

Dear P J Patterson,

I write to you not as an adversary but as a concerned Jamaican citizen who lived through the 1990s fully conscious and connected to the political and economic realities of that era.

As someone who witnessed first-hand the policies, promises, and pitfalls of your Administration, I consider myself a witness to, and an expert on, the decisions and leadership that shaped Jamaica during your time in office. My reflections are rooted not in abstract analysis but in lived experience and the collective memory of a generation still grappling with the consequences of your tenure.

Your 14 years as prime minister (1992–2006) were undeniably a significant chapter in Jamaica’s history, marked by both achievements and profound challenges. While your contributions to our political landscape are part of the historical record, it is imperative to confront the economic mismanagement and systemic failures that have left enduring scars on our nation.

Your rise to power was no small feat. After a rocky start in your early political career — including your registration from Cabinet under Prime Minister Michael Manley due to allegations of mismanagement — you returned to prominence and assumed one of the highest offices in the land. You inherited a nation already reeling from economic instability, a legacy of previous administrations. Yet rather than reversing these trends,many of your policies exacerbated them.

The 1990s, in particular, stand out as a decade of devastation for Jamaica’s economy. Under your leadership the country endured a financial meltdown that shuttered over 44,000 businesses, crippled livelihoods, and plunged countless families into poverty. To this day many Jamaicans have not recovered from the collapse of savings, the erosion of trust in institutions, and the suffocating weight of unemployment and inflation that defined that era.

The introduction of the Financial Sector Adjustment Company (Finsac) in 1997 was emblematic of your Administration’s flawed approach. While ostensibly designed to stabilise the banking sector, its execution was marred by opacity and heavy-handedness. Small businesses and ordinary citizens bore the brunt of its failures, while the politically connected often seemed insulated from the fallout. The legacy of Finsac remains a festering wound — a symbol of economic injustice and mismanagement that your Government never adequately addressed.

Equally troubling was your Administration’s neglect of Jamaica’s infrastructure. The roads under your watch deteriorated into some of the worst in our nation’s history, with potholes becoming a daily hazard and a metaphor for broken promises. The bold declaration of a “pothole-free Jamaica by 2003” was not just unmet, it was an insult to the intelligence of Jamaicans who watched conditions worsen year after year. This failure, like so many others, underscored a pattern of prioritising rhetoric over tangible results.

Nor can we overlook the litany of scandals that plagued your Administration. From the Rollins Land Deal and Iran Sugar Scandal to the infamously botched Finsac intervention your tenure became synonymous with allegations of corruption and ethical lapses. These controversies eroded public trust and reinforced a perception that your Government prioritised political survival and elite interests over the welfare of ordinary Jamaicans.

It is against this backdrop that your recent critique of the current Andrew Holness Administration rings particularly hollow. While you have chastised the Government for the state of Jamaica’s roads and health-care system, many of these issues are rooted in the systemic neglect and poor governance of your own era. The unfulfilled promise of a “pothole-free Jamaica” is not a distant memory — it is a lived reality for those of us who navigated the crumbling roads of the 1990s and early 2000s. Similarly, the health-care system’s struggles today cannot be disentangled from years of underinvestment and mismanagement during your party’s 18.5 consecutive years in power.

To your credit, the Holness Administration is not above scrutiny; however, it is disingenuous to omit your own role in creating the conditions you now decry. The current Government’s efforts to improve infrastructure and health care — however imperfect — are attempts to address problems that festered under your watch. Progress is slow, but it is progress nonetheless.

As an elder statesman, your voice carries weight, and your experience could be a catalyst for meaningful dialogue. Yet constructive criticism requires humility and accountability. The Jamaican people deserve leaders who acknowledge past failures as earnestly as they diagnose present ones.

I urge you to reflect deeply on your legacy. The 1990s were not merely a “challenging period”, they were a time of avoidable suffering for many Jamaicans, compounded by poor governance and a lack of transparency. Moving forward, let your critique be tempered with introspection, and let your advocacy focus on solutions rather than blame. The Jamaica we all love deserves nothing less.

 

kristophe60@hotmail

The legacy of Finsac remains a festering wound — a symbol of economic injustice and mismanagement.AI generated

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