Dear Sir,
It seems readily apparent that the self-titled “Son of the Soil”, James Bodden III, has a profound lack of understanding of basic economics. The Cayman Islands became wealthy because of foreign capital investment; if that were to disappear, Cayman as you know it would collapse.
What kind of fantasyland does the author envision?
Cayman has no natural resources to exploit and few industries to realistically develop. Cayman has virtually no land, few people, and costs are stratospheric.
Who is going to build a factory here?
With scant human capital and costs far higher than virtually everywhere else in the western hemisphere, please explain how Cayman makes a good case for industrial development.
Take a look around, Mr Bodden, Cayman has done extremely well, despite its limitations; your constant literary moaning and groaning about how bad things are is detached from global reality.
Cayman has developed a well regulated real estate, legal, and financial industry despite this lack of land and human capital. These industries require capital, and Cayman has little of its own. Mr Bodden, you seem to have a problem that not every indigenous Caymanian is a wealthy tycoon – oh, the injustice!
With all due respect, Mr Bodden, you speak about Cayman as a nation, but in reality, you live in a UK dependent territory. Until the Cayman Islands declares independence, drone on all you want about Cayman as a country; this is not a sovereign nation.
The reality is that the UK has the final say in Cayman’s affairs, and if necessary, could toss out your entire government. When Cayman loosens the shackles to the UK, go ahead and rant and rave about self determination; then it will be somewhat relevant.
Trevor Kidd |