Branville McCartney: Two steps back

image from www.thenassauguardian.comIn Wednesday’s Tribune Business, Mr. McCartney was reported to have said the Bahamas Government should nationalise Baha Mar as The Bahamas “can’t be held hostage by foreign interests”.

One might consider getting into a long discussion of the demerits of government ownership, but one only needs to read all the problems of the country that Mr. McCartney and his political party lay at the feet of the political class.

One might even stroll down the harmful effects of nationalisation – Venezuela comes to mind – but that’s a destructive road that has been well travelled.

But beyond those brief points, the history of the Bahamas Hotel Corporation and the foray into hotel ownership on West Bay, just across the street from Baha Mar should shake any thought of nationalising Bahama Mar out of the system.

The Bahamas Government helped create this mess, the last thing the country needs is encouragement for them to make matters worse.

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