Sinckler takes shot at private sector

Chris Sinckler
Chris Sinckler

Minister of Finance Chris Sinckler has taken a swipe at the private sector, accusing some businesses of being “Government departments in disguise”.

Sinckler, who was delivering the third annual lecture of the Financial Services Commission at the Grande Salle on Thursday evening, took issue with calls from sections of society for Government to privatize some state entities.

During his more than 90-minute presentation on the topic, Transforming Statutory Corporations in Barbados: A Focus On FSC’s Development Five Years On, the minister said while Government would examine if some entities were worthy of divestment, this had to be carefully considered.

But turning his attention to the private sector, he said while there were some “wonderful” private enterprises led by competent Barbadians who should be celebrated, there was “a large part of the private sector that the same could not be said about.”

“A large part of our private sector, both in their structure and function, are really just a reflection of Government. That is just simply a fact. Many of them are really Government departments in disguise, operating as private entities, living off of the very public purse that the same statutory corporations are drawing on, as they say, ‘like vultures on the body politic of Barbados’. That is just simply a fact,” said Sinckler.

The minister said the evidence could be found in the number of local businesses that have been struggling since the onset of the financial crisis.

“If you doubt what I am saying, look and see what is happening in relation to some of our private entities now that Government is having serious financial issues and cash flow challenges; where many of the entities who exist in Barbados as private sector entities and pose everyday as being these great arbiters of success, struggle, struggle to survive and exist in the context of Barbados because for many of them their largest customer is the Government.

“These are just the realities we are talking about,” he explained, adding that both Government and the private sector ought to learn from each other’s successes and failures.

26 Responses to Sinckler takes shot at private sector

  1. Wayne T Griffith
    Wayne T Griffith April 16, 2016 at 12:22 pm

    That’s a cheap shot

    Reply
  2. Watchman April 16, 2016 at 12:33 pm

    Dont forget de ones that used to complain about government workers taking 2 hour lunch breaks and walking bout in town and now that government moved several offices out of town plenty crying town empty and things dread and de government need to do something so people would come to town and buy de poop dem selling. Too bad dem didn’t realise who dem customers were.

    Reply
  3. Ken R. Smith
    Ken R. Smith April 16, 2016 at 12:50 pm

    Stupseeee

    Reply
  4. Eddy Murray
    Eddy Murray April 16, 2016 at 12:52 pm

    I does ask myself , why people does ask these ministers to speak at their events. They do not bring nothing new to the table, or nothing to inspire you at all

    Reply
    • Rasta Mike April 16, 2016 at 7:24 pm

      That easy, make yourself available to speak at the events, you have something new and you can inspire. Big up Eddy Monkey peoples.

      Reply
  5. Bupps April 16, 2016 at 1:01 pm

    Does this apply to Preconco?

    Reply
  6. Arthur Collymore
    Arthur Collymore April 16, 2016 at 1:40 pm

    Let us connect the dots. While the MoF spoke in general terms, he could not for one moment be making reference to Mark Maloney or for that matter, Jada. I am not aware that vultures suck milk, but these two in particular have been sucking the govt nipples sore. For over a decade now, Maloney has been awarded the majority of the state’s contracts, a fact that has not escape the Hon minister. It serves him & his admin that this is so because he who pays the riper determines the tune This state of affair will continue for as long as the DLP forms the govt. The guy the services Transport Board’s buses & SSA trucks have nothing for which to complain. Neither the guy that builds the govt high-rise apt buildings or the one that built the malasses tanks in the port. Neither the one that built the BWA offices in the Pine or the one now building the amalgamated police station in Hastings. Neither he that was awarded the contract to tear down & build back Andrews sugar factory or the other that built the high-rise office complex in Warrens. Neither he to whom tarrifs were reduced from 65% to 5% in one fell swoop to allow an importer to import cement to the disadvantage of the treasury etc etc. The real vulture is not those mentioned above, but some in govt who will pick a nice parcel of flesh from the carcass of a fatted cheque paid to those who do work for the state.

    Reply
  7. Arthur Collymore
    Arthur Collymore April 16, 2016 at 1:40 pm

    Let us connect the dots. While the MoF spoke in general terms, he could not for one moment be making reference to Mark Maloney or for that matter, Jada. I am not aware that vultures suck milk, but these two in particular have been sucking the govt nipples sore. For over a decade now, Maloney has been awarded the majority of the state’s contracts, a fact that has not escape the Hon minister. It serves him & his admin that this is so because he who pays the piper determines the tune This state of affair will continue for as long as the DLP forms the govt. The guy the services Transport Board’s buses & SSA trucks have nothing for which to complain. Neither the guy that builds the govt high-rise apt buildings or the one that built the malasses tanks in the port. Neither the one that built the BWA offices in the Pine or the one now building the amalgamated police station in Hastings. Neither he that was awarded the contract to tear down & build back Andrews sugar factory or the other that built the high-rise office complex in Warrens. Neither he to whom tarrifs were reduced from 65% to 5% in one fell swoop to allow an importer to import cement to the disadvantage of the treasury etc etc. The real vulture is not those mentioned above, but some in govt who perch ready to pick a nice parcel of flesh from the carcass of a fatted cheque paid to those who do work for the state. Whether the fatted calf or its skeletal remains.

    Reply
    • Adrian Reid
      Adrian Reid April 16, 2016 at 9:28 pm

      So wait everybody seems to forget the company that does finish to find art and the boss is a big dlp just build water works big building ,cxc headquarters ,building in pine basing

      Reply
  8. BaJan boy April 16, 2016 at 1:51 pm

    Never thought after all the fuss during the last election about privatization that you would ever see this type of activity. These guys make lying look like a sandwich. We don’t have to wonder who the buyer is as it could have gone to no one other than Kyffin to the government is very much indebted. Another white man gets wealthier under the socialist government and the people continue to suffer.

    Reply
  9. Tony Webster April 16, 2016 at 2:14 pm

    Hmmm…who chooses to do business with these lay-abouts, and good-for-nothing’s? Who signs and sends them cheques?

    I have absolutely no doubt…none…that most Bajans, given appropriate education, training, leadership, incentives, discipline, and encouragement, could up their game by 50%….without breaking sweat. Multiply that by 270,000!

    There is absolutely nothing wrong with our brains…it’s how we expect to prosper with most things handed to us on a plate marked “free”, instead of performing to our individual maximum potential, that remains our greatest un-doing.

    God only knows what we are waiting to happen, before we awake from a self-induced, lackadaisical somnolence. Perhaps the knock on the door by those Invading Mongrel Forces…will apply the necessary jolt.

    Reply
  10. Santini More
    Santini More April 16, 2016 at 2:24 pm

    Could it be possible that some private entities are struggling because they relied on the spending power of the public? If a Government systematically dips its greedy hands into the pockets of the people, by one tax hike after another, then how can money continue to circulate in private companies?…Roll on 2018!

    Reply
  11. Sue Donym April 16, 2016 at 3:01 pm

    Trying to understand… working for gov’t is a bad thing? I’m thinking that they should be glad that businesses are willing to be reliable contractors for them considering stories of long delayed payments and failure to supply resources. But I get the point that when you ‘are a reflection of gov’t’ that might not be pretty!

    Reply
  12. Nico HL Beckles
    Nico HL Beckles April 16, 2016 at 3:12 pm

    2 more years of these idiots before the public lets another old idiot in a commercial and $50 trick them into putting them back in

    Reply
    • lester April 16, 2016 at 3:45 pm

      hear hear Nico bajans aint learning, we give them big paying jobs and they take away ours, what nonsense, politicians are too corrupt,

      Reply
  13. Ras Unjay
    Ras Unjay April 16, 2016 at 4:14 pm

    you now know dah,sorry fah you.very slick.

    Reply
  14. Veroniva Boyce
    Veroniva Boyce April 16, 2016 at 4:48 pm
    Reply
  15. Randy Hartman
    Randy Hartman April 16, 2016 at 7:10 pm

    i wonder how much of these ‘parasitic’ “vultures” does government owe moneys to?? ))) such buffoonery

    Reply
  16. dave April 17, 2016 at 2:00 am

    Nothing seems to working for this Government . Blame the Government or the Other becomes the focus. Othering was used by the Colonials . This Minister and this inept DLP ADMINISTRATION are engaged in Othering

    Reply
  17. jrsmith April 17, 2016 at 6:03 am

    We would all be better off ,being govern from Westminster.. Our real problem we are always going to have , rum ,corn beef and biscuits politicians…

    Reply
    • Carson C Cadogan April 17, 2016 at 8:47 am

      You remind me of the Israelites liberated from bondage in Egypt, once a little hard times hit them wanted to return to slavery in Egypt.

      Reply
    • Donild Trimp April 17, 2016 at 12:07 pm

      I like that one jr.

      Reply
  18. harry turnover April 17, 2016 at 7:37 am

    An ad should be placed on TV with…..”.count down to the next General Election” instead of the other count down as more people would be interested in the next election than the 50th Anniverasy.

    Mr. Sincklar if those companies rely on Government projects and the like to survive and as you said YESTERDAY the Government has been having serious financial issues and cash flow challenges…WHAT DO YOU EXPECT ?? It doesn’t take an Einstein to figure out that they could be compared to Government Offices.

    All the footprints lead back to YOUR GOVERNMENT ANYWAY where on another occassion in another talk shop to suit the occassion you would say that ‘ things are working and there is light at the end of the tunnel ” and that a 2 to 3% growth is expected by the following year……PROVIDED.this and that happens….which never happens and the cycle goes around and
    around.
    Mr.Sincklar you are known for phrases like ” things are working and there is light at the end of the tunnel “…..”.the Government is having serious financial and cash flow problems”……”.growth of 1 to 2 percent is expected” among others but the one you should stick to is this one…..” although things are working …WE ARE NOWHERE WHERE WE SHOULD BE” which simply means THINGS ARE NOT WORKING.

    Reply
    • Basil Graham April 17, 2016 at 11:11 am

      Very true!!!! Well said!!!!

      Reply
  19. seagul April 17, 2016 at 8:43 am

    Unity People Movement—A federal Democracratic Community system.
    A Federal council. . Executive power is exercised by the government and the federal administration and is not concentrated in any one person. Federal legislative power is vested in both the government and the chambers of the Federal Assembly of B’dos. The judiciary is independent of the executive and the legislature. The same doctine as under the separation of powers. But– for any change in the constitution or law, a referendum will be mandatory……We are not slaves…

    Reply
  20. CHARM April 17, 2016 at 9:58 am

    I agree with u Harry turnover….THINGS ARE NOT WORKING…I SICK OF HE..and his government!!!!!

    Reply

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