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 Commentary: Crime Rate Affecting Business

Commentary: Crime Rate Affecting Business

By Neil Gosine

THE murder rate is affecting businesses and also affects investors and trade opportunities in Trinidad and Tobago.

The crime situation is appalling and must be addressed by the Government as the economy cannot progress with investors and private businesses with the murder rate is skyrocketing every year. Private business and investors have no faith in the government and their ability to protect their investments from crime and murders and this has a knock-on effect that will retard growth in this country.

Murders have become so prevalent in the last two years that financial and economic growth are held back due to the horrendous crime situation facing this country and many businessmen don’t see the point in investing more in this country when there is an out-of-control crime epidemic.

The criminals do not care about the collateral damage they inflicted on the public. These people are cold-blooded and no amount of begging from the families or the powers that be will result in any progress towards curbing the crime wave in this country. When will the prime minister realise his choice of people is affecting everyone and their livelihoods? We really need a change, a change in Government so as to get a change in these crucial areas affecting our lives and our future. The prime minister himself seems clueless on what to do or say concerning the crime epidemic and therefore a change in administration is required now.

What we see is only lip service and promises that the Government will deal with the crime epidemic and the escalating food prices due to inflation yet all we see every day is more of the same. People continue to be afraid for their lives, inflation is expected to increase in 2023 again, this according to the World Economic data from the IMF which will further cause more severe shock waves on our economy and less purchasing power of our consumers. Many people are already facing hard times and are under pressure to stretch a dollar but we really seem lost for solutions under this administration.

It is very disheartening to see where our sweet T&T came from with such prosperity and financial independence to now see where we are at this time.

Where every arm of the state is under the total control of the Prime Minister and where he has veto powers and control over many aspects of his government, with the ability to choose people loyal to him and his party only, from the Commissioner of Police to the President of the country. Our democracy seems to be diminishing in front of our eyes. We are unable to incentivize our trade opportunities with the spiralling murder rate visibly affecting our economic growth. How long can we continue like this?

Neil Gosine is an insurance executive. He is also the treasurer of the UNC and a former chairman of the National Petroleum Marketing Company of Trinidad and Tobago. He holds a Master’s in Business Administration MBA, BSC in Mathematics and a BA in Administrative Studies. The views and comments expressed in this column are not necessarily those of AZP News, a Division of Complete Image Limited.

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