No austerity please

Apr 12, 2020 Letters

Dear Editor,

From March, Guyana has been in crisis mode to deal with Covid-19.
Everyone is affected financially, emotionally and, for some, health wise.
Life is more important than money but especially in the urban setting, if you don’t have money you cannot eat.
Although politicians talk about loving the people, that is usually sweet nothingness.
Since it is unlikely that every mouth will be fed under the current lockdown, I oppose it.
Firstly, social distancing and curfew only buys time.
It has not stopped the spread of the virus in no country across the world.
It was found that 5% to 80% of Covid-19 cases are asymptomatic.
They still can pass on the Coronavirus so testing aggressively is the best way to identify and isolate the Coronavirus.
This lockdown seem like having your back watched by politicians without showing the true picture of the Covid-19 prevalence in the country.
It is based on political expediency. Politicians usually do what will give them votes; not what’s good for the nation.
Secondly, preventing mass unemployment post-Covid-19 should be the main objective not economic growth.
Once people are employed, less suffering will occur and social cohesion will be preserved.
Greed is a powerful motivation; people will continue business once there is money to be made.
It might be different people but that is the nature of business.
There is no way businesses can survive if there is mass unemployment.
Thirdly, austerity does not work because it decreases the tax base, increase unemployment and slows the velocity of money therefore promoting slow growth, if any.
The International Monetary Fund (IMF) and the World Bank always prescribe austerity and structural adjustment.
The US has veto power in the IMF and the World Bank and is their greatest contributor or benefactor.
Do you see the US practising austerity?

Brian Ellis Plummer

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