JavaScript is disabled in your web browser or browser is too old to support JavaScript. Today almost all web pages contain JavaScript, a scripting programming language that runs on visitor's web browser. It makes web pages functional for specific purposes and if disabled for some reason, the content or the functionality of the web page can be limited or unavailable.

Thursday, March 20, 2025

Does Govt believe in free enterprise?

by

Curtis Williams
1449 days ago
20210331

I was in Rio Claro re­cent­ly and had cause to talk to a small busi­ness own­er. For the pur­pose of this ar­ti­cle, I will call him by his ini­tials CG.

CG owns and op­er­ates a food busi­ness, es­sen­tial­ly sell­ing grilled foods, but on Sat­ur­days he al­so sells soup.

Ac­cord­ing to CG his best days of busi­ness are usu­al­ly Fri­days and Sat­ur­days, but since the pan­dem­ic, in his es­ti­ma­tion, things have sig­nif­i­cant­ly wors­ened.

Ac­cord­ing to the gen­tle­man, pri­or to the pan­dem­ic, he sold on Sat­ur­days 50 bowls of soup and 80 box­es of grilled food. These num­bers he said have es­sen­tial­ly been halved.

“Look at the state of the place at the mo­ment. No one is com­ing to buy any­thing and this has been go­ing on for al­most a year now. When will the gov­ern­ment re­alise that these mea­sures are killing busi­ness? I am se­ri­ous­ly con­sid­er­ing look­ing for a job, if I can get one, be­cause I have a fam­i­ly to take care of,” he said in frus­tra­tion.

The small busi­ness own­er has not sat by and al­lowed his in­vest­ment to go un­der. He has tak­en mea­sures that he hoped would help.

CG has tried to re­duce his costs by lay­ing off one of his two em­ploy­ees. He has start­ed mak­ing break­fast, try­ing to open up a new rev­enue stream and still the busi­ness is un­der tremen­dous pres­sure. Luck­i­ly for him, he does not have to pay rent, since he op­er­ates out of a build­ing he had con­struct­ed a decade ago on his fam­i­ly’s prop­er­ty.

“If I was rent­ing the busi­ness would have to close for sure,” he lament­ed.

I am sure his sto­ry is not unique. In fact, some may ar­gue, he is lucky not to have to pay a rent. But this sto­ry, while anec­do­tal, I sus­pect is be­ing played out all over the coun­try and is a rea­son­able mea­sure of the kind of chal­lenge that small busi­ness­es are fac­ing in T&T.

Small and mi­cro en­ter­pris­es are the lifeblood of economies.

They are par­tic­u­lar­ly im­por­tant to lo­cal economies.

In ar­eas like Rio Claro and Ma­yaro, oth­er than the oil and gas com­pa­nies and their ser­vice providers, most of the jobs are through small busi­ness­es.

Ac­cord­ing to an ar­ti­cle in Forbes Mag­a­zine, there are 11 ad­van­tages that small busi­ness­es have over larg­er en­ter­pris­es.

1. Cus­tom ap­proach: Small busi­ness­es can of­fer a more per­son­alised and cus­tomised ser­vice.

2. Em­pha­sis on dis­rup­tive in­no­va­tion: Small busi­ness­es like­ly ex­ist be­cause larg­er com­pa­nies are not serv­ing cus­tomers ef­fec­tive­ly.

3. Flex­i­bil­i­ty and less bu­reau­cra­cy: Small busi­ness­es can be more flex­i­ble in how they re­ward or recog­nise staff and how they deal with cus­tomers.

4. Cre­ativ­i­ty: Small busi­ness­es can win through cre­ativ­i­ty.

5. Lev­el of care: Small busi­ness­es pro­vide a lev­el of care and in­volve­ment by name-brand peo­ple that most cor­po­ra­tions aren’t struc­tured or can’t af­ford to pro­vide.

6. Adapt­abil­i­ty: Busi­ness is all about peo­ple, and small busi­ness­es have the ad­van­tage of know­ing each and every client re­al­ly well.

7. Pas­sion with pur­pose: Pas­sion with a pur­pose ig­nites pos­si­bil­i­ties. Suc­cess­ful small busi­ness­es have no short­age of pas­sion.

8. Ac­tive lis­ten­ing: Small busi­ness­es can dif­fer­en­ti­ate them­selves by pro­vid­ing a feed­back loop that en­ables two-way com­mu­ni­ca­tion.

9. Speed and agili­ty: De­ci­sion mak­ing and im­ple­men­ta­tion are much faster with small busi­ness­es.

10. One-on-one mag­ic: The ad­van­tage that small­er busi­ness­es have over larg­er com­pa­nies is their abil­i­ty to con­nect one-on-one with their clients.

11. In­tan­gi­ble, unique ben­e­fits: By fo­cus­ing on the broad­er ben­e­fits of­fer­ing, small busi­ness own­ers can com­pete with larg­er com­pa­nies.

It is the small busi­ness­es and their suc­cess or de­struc­tion that will de­ter­mine how many peo­ple lose their jobs when this coun­try emerges from the pan­dem­ic, like­ly in 2022.

Over the last week, many of the larg­er com­pa­nies on the T&T Stock Ex­change have been re­leas­ing their an­nu­al re­sults for 2020 and while al­most all, with the no­table ex­cep­tion be­ing Na­tion­al Flour Mills which al­most tripled its prof­its, all had low­er in­come and low­er prof­its, they man­aged to stay in the black.

The num­bers showed at least two things, that the larg­er en­ti­ties re­mained re­silient, even in a black swan event like a pan­dem­ic, and that the busi­ness­es were in the main be­ing well man­aged.

No one can blame the gov­ern­ment for the pan­dem­ic and, to some ex­tent, it is true that the gov­ern­ment’s ac­tions have been suc­cess­ful in keep­ing us safe. Where this gov­ern­ment has failed, and failed bad­ly, is in the way it has bal­anced the need for lives and liveli­hoods.

One of the things the Row­ley ad­min­is­tra­tion is good at is bend­ing the truth and the use of smoke and mir­rors to en­sure the coun­try buys in­to its nar­ra­tive.

In the last year, it blamed the sec­ond wave on the open­ing of bars and re­fused to ac­knowl­edge that it was the gen­er­al elec­tion that led to the sec­ond spike. We saw with our own eyes politi­cians and sup­port­ers from the red and yel­low camps gath­er­ing in num­bers that were well out­side of the COVID-19 re­stric­tions and some of them al­so con­tract­ing COVID-19, yet when asked if it was the elec­tion that led to the spike the of­fi­cials con­sis­tent­ly avoid­ed the ques­tion, blam­ing it on bars in­stead.

The in­crease we are see­ing again is no doubt due to the nec­es­sary ac­tivism that oc­curred around the un­for­tu­nate mur­der of An­drea Bharath and not due to any open­ing of busi­ness­es.

Restau­rants and bars have been brought to their knees by the gov­ern­ment’s mea­sures and, in some cas­es, have been forced to serve al­co­hol off the books, as in the days of the US pro­hi­bi­tion, be­cause of a mea­sure that makes no sense.

Where do we see in restau­rants peo­ple drink­ing a glass of wine or two, or cel­e­brat­ing with their fam­i­lies and be­com­ing so row­dy and out of con­trol that it is like­ly to lead to su­per spread­er events?

Even when the num­bers were con­sis­tent­ly low the gov­ern­ment pre­ferred to keep bars from hav­ing in-house cus­tomers, obliv­i­ous to how bars op­er­ate and why you need peo­ple in the busi­ness to make mon­ey.

We have to be fair to mem­bers of the busi­ness com­mu­ni­ty who have tak­en all the mea­sures asked to re­open safe­ly. It is al­most im­pos­si­ble to en­ter a busi­ness with­out a mask and sani­tis­ing and, in most cas­es, so­cial dis­tanc­ing ad­hered to.

Cit­i­zens have ad­hered to the warn­ings. To a large mea­sure, peo­ple have ac­cept­ed the gov­ern­ment’s urg­ings and act­ed re­spon­si­bly. But the ad­min­is­tra­tion has failed them in many ways.

The re­open­ing of the econ­o­my has not re­ceived the kind of fo­cus need­ed to ac­com­mo­date busi­ness and com­merce. This I sus­pect comes from a place that still does not trust free en­ter­prise and the de­ba­cle sur­round­ing the pro­cure­ment of vac­cines speaks to that dat­ed no­tion that a mixed econ­o­my is the way to go and not a com­mit­ment to free en­ter­prise.

We are in a very dan­ger­ous po­si­tion with this econ­o­my. We con­tin­ue to bor­row like there is no to­mor­row and spend on non-pro­duc­tive sec­tors of the econ­o­my.

The gov­ern­ment is em­bold­ened by a weak op­po­si­tion and a coun­try re­signed to its fate.

Tues­day’s ar­rival of the first set of As­traZeneca vac­cines from the CO­V­AX fa­cil­i­ty has been met with lit­tle or no en­thu­si­asm as the pop­u­la­tion re­alis­es that this is but a drop in the buck­et and while we are all hap­py some vac­cines have ar­rived, it is clear that the gov­ern­ment’s mis­han­dling of this mat­ter threat­ens to keep us much longer in this sense of paral­y­sis.

The 33,600 vac­cines will be enough to in­oc­u­late up to 16,800 na­tion­als with each per­son re­ceiv­ing two shots. That will bring the to­tal num­ber to 17,800 vac­ci­nat­ed in a coun­try of about 1.4 mil­lion. In oth­er words, a to­tal of just over one per cent of the coun­try will be vac­ci­nat­ed.

For peo­ple like CG, this will not be enough and one won­ders how many more busi­ness­es will be forced to give up be­fore this pan­dem­ic is over.


Related articles

Sponsored

Weather

PORT OF SPAIN WEATHER

Sponsored