News
2024 value & supply chain
Dickson C. Igwe
Follow the capital trail through the behaviour of the capital mix and its value supply chains. It is important to assess how much of the Capital Mix – wealth-generating assets in the Virgin Islands- with its associated supply and value chains, is in public hands or government, and how much is in the private sector, including non-profit organizations.
Culture & Capital
Dickson C. Igwe
Culture means a way of life of a people. Culture affects capital mix. Capital Mix is the various combinations of capital- land, labor, management, technology, enterprise- that drive prosperity, and social wellbeing.
Capital drives inequality
Dickson C. Igwe
The rich get richer and the poor get poorer, is a useful cliché in revealing the tendency of capital to drive social and wealth inequality
Land is capital
Dickson C. Igwe
Land is part of the capital mix. Land as capital is the mold for shaping and situating human society, productivity, and activity.
The human element in capital
Dickson C. Igwe
Education and learning are the most crucial elements in the building of Virgin Islands' prosperity. The human element is the defining factor in the capital mix. The appropriate mix of the components of capital drives wealth creation, with excellence in human resources as Key.
Capital has always ruled
Dickson C. Igwe
The hegemony of capital is nothing new. From the earliest days, in fact, the start of written history, the person who controlled land, tools for hunting, and implements for plowing soil, and the most basic items for life- all forms of capital- ruled the tribe.
Youth & Capital
Dickson C. Igwe
The story of capital and social inequality offers the assertion that in a world ruled by capital, it is imperative young Virgin Islanders and residents understand economics and finance.
Capital is multigenerational
Dickson C. Igwe
Inherited Capital is the greatest source of social inequality. Capital ownership keeps specific families on top the social and wealth pyramid, for multiple generations. Capital and power are synonyms. The system of social class with its various divisions sits on the ownership of capital and wealth above any other consideration.
Leveraging debt
Dickson C. Igwe
Now, middle-income consumers—the $30-100K income bracket that most of us fall into in the Virgin Islands—use debt for a mortgage, or a car. However, for food, drink, clothing, and lower-priced items that are essential, such as rent, electricity, and water, middle-income consumers use cash that is available and not borrowed.
How capital drives social inequality
Dickson C. Igwe
The idea that education and hard work are the great equalizers is wonderfully aspirational. It is however woefully inadequate as a theory.
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