When diversification becomes socialism
Business
Finance
Politics
August 12, 2026
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Aug 12, 2026 Features / Columnists, Peeping Tom
(Kaieteur News) – There is an economic philosophy that has long gained traction in Guyana and which appears to have solved the eternal problem of capitalism. That philosophy argues that the private sector should have opportunities for making profits and the government should be saddled with the problems.
When a business is profitable, it is said to belong naturally in the hands of private enterprise. When a business is difficult, expensive, socially necessary and incapable of generating a handsome return, government is expected to take it over. Then, having taken over the unprofitable business because nobody else wants it, government is criticised for losing money on the venture.
Business
Finance
Politics
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