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.
Value & Supply Chain
Dickson C. Igwe
OK. The scope, type, and value of capital assets sitting in the Virgin Islands require observation, assessment, and evaluation. Why? Detailed assessment of the wealth-generating assets of the Virgin Islands – the capital mix- is beneficial for economic and social planning. It is also important information for organizations and businesses, both local and international. The innovative management of capital is key to the Virgin Islands' prosperity.
VI Deposit Insurance Corporation launched to usher in new era of Financial Security
ROAD TOWN, Tortola, VI - The Ministry of Finance has announced the establishment of the Virgin Islands Deposit Insurance Corporation (VIDIC), a crucial step towards enhancing financial security for depositors within the Territory of the Virgin Islands.
Social Capital
Dickson C. Igwe
If capital drives wealth, power, and inequality, any attempt to create greater equality will involve capital too, and its management and ownership.
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.
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.
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