To Top

Capitalism, Socialism and The Caribbean Part 2

In our previous piece we took some time to clarify the major difference between the capitalist and socialist ideologies. With that settled we proceeded to look at our region’s recent history and with it, some pros and cons of both views and their impact in the modern Caribbean and Latin American region. It remains as imperative as ever to restate that both views are not absolutes as they can, in fact, be present in any economy at the same time to varying extents. That in mind, let’s continue along that train of thought and better yet, let’s see how it informs our colonial history as well. The Plantation Economy’s Legacy By default a lot of islanders seem to be fundamentally opposed to capitalism from the moment it’s raised as a topic. This despite unwittingly realizing the various benefits or daily applications of it they enjoy; ranging  from their favoured gadgetry and luxury items to consumer choice and options for social mobility. Why is that though? One answer may lie in the imperialistic nature of our colonial history where islands frequently changed hands and were fought over in the interest of profit and financial gain. Make no mistake the nature of

This content is restricted to site members. If you are an existing user, please log in. New users may register below.

Existing Users Log In
New User Registration
*Required field

You must be logged in to post a comment Login

More in things-cerebral

  • Singing, still

    In June, British-Jamaican writer Leone Ross released her first book in 17 years: Come Let Us Sing Anyway (Peepal Tree Press,...

    Lee WarnerSeptember 1, 2017

    What is culture? The term culture itself is academically broadly defined and in no danger of misapplied, yet there seems to...

    Terri-Ann RagoonananSeptember 22, 2016
  • Capitalism, Socialism and The Caribbean

    The modern world is highly interconnected but this doesn’t mean ideological divides on how things should be run aren’t still at...

    Shiva GosineSeptember 22, 2016
  • 21st Century Education

    They say education is the key to success and its clear many states firmly embrace that view given its priority in...

    Shiva GosineSeptember 19, 2016

    Alas! I think I have discovered the cause of original sin. The filthy chancre which disturbs the universe, the very soul...

    Wayne KublalsinghJuly 13, 2016

    What is the Oropouche Lagoon? Just exactly what is the extent of the Oropouche Lagoon? How far, how big? What is...

    Wayne KublalsinghJune 29, 2016
  • 171 years later, the Indian Diaspora contributes…

    The Caribbean region has long been renowned as a melting pot, where disparate races come together to form uniquely blended cultures....

    Omarine NananJune 2, 2016

    I love Mr Seenath Tirbenny. Not only because of his character; but he represents the best virtues of our brand of...

    Wayne KublalsinghMarch 29, 2016
  • Africans in India: Pictures that Speak of a Forgotten History

    India and Africa have a shared history that runs deeper than is often realised. Trade between the regions goes back centuries –...

    CI TEAMMarch 21, 2016