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October 14th, 2023
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.

October 10th, 2023
Is the VI economy soft & will the upcoming Tourist Season bring relief?

ROAD TOWN, Tortola, VI - Many residents of the Virgin Islands along with businesses have complained for the last five months, that the economy is soft and no money is flowing in the country.

October 7th, 2023
Debt is a transfer of wealth

Dickson C. Igwe

Debt is like oxygen. It is everywhere in the world of economics. Debt is currency used to pay for what we want and need. It pays for products that are essential to existence such as hospital care, a roof over the head, or a vehicle in a land with no adequate public transportation. Debt can follow us to the grave if we do not pay off debt at a certain age, leaving our survivors to pay the debt.

September 30th, 2023
Debt generates wealth

Dickson C. Igwe

Capital ownership has driven increasing social and wealth inequality practically everywhere. Social inequality is a global phenomenon driven by the power of capital, and the owners of capital. Capital- human and physical assets that generate wealth- tends to increase the wealth and power of those who control capital. Today, wealthy capitalists own the most powerful corporations and practically run the world.

September 23rd, 2023
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.

September 16th, 2023
The rule of capital

Dickson C. Igwe

Capital is resources that drive social and economic growth: finance, machinery, land, technology, labor, skills, and management.

August 26th, 2023
A generous community learns a hard lesson

Dickson C. Igwe

A community coming together to aid one stricken by personal financial crisis is admirable. However, that assistance must come with safeguards for those who contribute their cash. There are caveats when assisting persons in need.

April 22nd, 2023
Politics is science, even in the Virgin Islands

Dickson C. Igwe

The Virgin Islands possesses its own unique political ecosystem. These paradise islands are a difficult place to predict political outcomes successfully.

March 18th, 2023
Food security in the Virgin Islands

Dickson C. Igwe

All nations depend on outside countries to fill in crucial links in their supply chains. The preceding is at the core of modern-day globalization. However, when crises such as war and natural disaster strike, there is a sober realization that a level of national self-sufficiency is wise. Food especially is a key driver of national security.

March 11th, 2023
Countries that meet the highest benchmarks

Dickson C. Igwe

The road to El Dorado passes through honest governance and high standards of social behavior by every resident of a society
That the quality of a society is in the behaviors of its people is a valid assertion.

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