Held Captive

The following was submitted in the comments of the “No Comments” article by reader Silencedogood with apparent excerpts from Catherine Duffy’s book “Held Captive” which described the history of Bermuda’s insurance industry.

 

It’s sadly ironic the situation we are in with Ewart Brown. One need only take a look at the pages of our own history to understand what is going on. The following are some excerpts from Catherine Duffy’s book Held Captive:

“Lynden Pindling of the Bahamas was our biggest ally…Pindling gave a speech, known as the ‘bend or break speech’, in which he threatened international companies based in the Bahamas. Pindling required that all foreign workers be replaced by Bahamians. Deeming this to be impossible, offshore business flocked to Bermuda. Indeed in two years 20,000 ex-pats who had been working in the banking and insurance industries in the Bahamas left that country, taking most of the industries with them in their suitcases when they left. Many set up shop in Bermuda.”

The chapter goes on to discuss how it wasn’t just the bahamianation (sic) of the IB sector that drove companies out, but also the onerous push for more intrusive regulation, including reporting requirements.

It goes on to state:

“Fortunately the Government of the day, realizing that it did not fully understand this new Exempted Company Business and the complexities of insurance, left it up to the private sector to be the trailblazers. It was from this moment that a partnership between the public and private sectors began. The Government of Bermuda learned to listen to the concerns and interests of the international business arena so that it could develop its expertise in regard to this new area of commerce for the greater benefit of the island.”

It doesn’t take a genius to recognize the parallels. Just change Bahamas to Bermuda and Bermuda to any other prospective offshore jurisdiction. Goodwill+ and the new CURE legislation recently unveiled which besides being discriminatory and poorly drafted more importantly (from a business perspective) requires extensive and burdensome regulatory reporting making it, along with the other proposals, a nearly identical replay of what took down the Bahamas and allowed Bermuda to rise.

The very things that were at the core of why Bermuda was a great place to do business–i.e. an effective partnership between the public and private sectors–is exactly what is being eroded. Why? …

Lest we fall prey to the false arguments that IB has done nothing for the working class or the black community, I found this quote also interesting:

“By some estimates the ruling class of Bermuda consisted of only five families, in those days of the 1960s that now seem so far away. Be that as it may, by the end of the decade the privileged few, whoever they were, had no other choice than to accept that if Bermuda was to be seen by the outside world as credible, responsible, viable and attractive jurisdiction, the ruling elite had to be seen to spread their wealth around the Island.”

Now, being seen to spread wealth and actually doing it are two different things, but no one can deny that this was a push in the right direction which has ultimately led to the wealth of opportunity available today. That push was helped along by the efforts of many, including LBE, but no one can deny the rising tide which helped to lift all boats.

The Bahamas has been able to prevent a full scale tailspin such as the post-Michael Manley Jamaica, but that doesn’t mean it didn’t suffer some hard times, the outcome was never a certainty, it doesn’t mean it is more prosperous than if it had not been so reckless with its economy, or that Bermuda would be able to pull off the same feat.

 

 

Note: If anyone actually has a copy of this book that they’d be willing to lend out, I’d be greatly appreciative as I think I would benefit from the read.  Thanks

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harry
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harry

Execellent reference to the “BAHAMAS” and how true.Bermudas prosperterty was due to the govt at the time in the bahamas.Drive the lenght of Eluthrea,you will see tall concrete silo’s with trees growing out of them.they were used to feed the cattle,milk used to leave the island for the USA every morning with fresh eggs (export).Mr Pindling told the folks there , get out we don’t need any “WHITE” people here .that island economy collasped . Talked to some OLD folks, in grand bahama,spring of 2007,asked what it was like in the good old days (MR Pindlings times} they survived only… Read more »

vanz
Guest

“get out we don’t need any “WHITE” people here ” harry, why did pindling singl eout white people – this statement seems to be without a context – what was teh situation in the bahamas for pindling to make said comment – 2ndly “that island economy collasped.” r u suggesting that white people were the only segment of society that kept the economy going? sadly for bda, the whites have historically so insulated themselves from their blk neighbors that it seems almost impossible for there to be any consensus across racial lines. even more sad, when i read what the… Read more »

Sal
Guest

Read the Cayman forum under Blow Holes & Cayman Politics Ethnic cleansing quota system for all Bermuda business http://marlroad.com/cayforum “The cards have been laid on the table and they have been from a stacked deck. This is only the beginning of the destruction of Bermuda as we know it. Outsourcing will be replaced by firms leaving and then it’s all over. Don’t get involved because the damage is already done. The only question is where will these firms go and how fast. I pitty Bermuda.” “How bizarre, it is like culture and society are marching backwards.” “This is a control… Read more »

whitey
Guest

sal – ur dad was a great man – it’s sad that u r racebaiting because of your (albeit comquered) snowflake oz. addiction – can a blk man who doesn’t kiss the whiteman’s ass also be a great leader? u tell me, TB.

silencedogood
Guest
silencedogood

Yet again Vanz introduces race in a destructive way–unless the thinly veiled pseudonym is actually another person copying exactly Vanz’ typing style, tone, and penchant for accusing Sal of being Tony Brannon. You just can’t stand legitimate criticism of your golden calf Dr. B can you? Well, “whitey” you are a sad little person. You think that in order to have self-respect you have to have a bad attitude and give the finger to anything and anybody whether they have supported you or not. You obviously don’t believe black people are capable of independent thought either since anyone who disagrees… Read more »

Denis Pitcher
Guest

Vanz, I’m going to give you a warning. Write under one name and make no personal attacks. I’ve been willing to work with you and encourage constructive discussion but you are making me question whether you have any interest in being constructive and trying to work towards what is in the best benefits of Bermuda. If you think I cannot track IP addresses of posters to realise that you and whitey are one in the same, then you’re sourly mistaken. On top of this, your writing is so blatent that even Silencedogood could see through the fake name to know… Read more »

vanz
Guest

dennis, point taken – but silence – if i am whitey – am i not doing what you and sal r doing – posting biased accusations under a pseudonym?

silencedogood
Guest
silencedogood

Vanz, First, you just admitted you are “whitey” after Dennis called you out–so let’s not be coy. Second, you are in no way engaging in the same style of debate as me. You use racist pseudonyms. You continually post racially derrogatory comments about both blacks and whites. Your arguments are addmittedly based on assumptions rather than facts or are based on an article some guywrothehmghhghghg(trails off). They also include an unhealthy dose of generalizations. Worst of all, you almost always refuse to address the issues under discussion and instead try to go off on tangents or lower the discussion into… Read more »

Vanz [mod] (c)
Guest
Vanz [mod] (c)

The usual Vanz diversion of balck vs white instead of substantive discussion of the post.

silenceNOgood
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silenceNOgood

Ha! A sense of humor–there may yet be hope. 🙂

vanz
Guest

silence – do u think that white racism plays any part in the fact that white vote almost exclusively for the ubp and the attitude of many white bdans toward dr. brown. hilary clinton recently said in a debate that if white women in the US were dying of aids at the rate that blk and latino women were then the govt. would be doing more about the disease – is she off base in citing racism re; that issue is she going on “assumptions rather than facts”. ? i guess when malcolm burgess in with his last moments as… Read more »

silencedogood
Guest
silencedogood

Still not on the topic of this thread, but I will respond since it’s a serious question. There are many reasons why I believe most white Bermudians do not vote PLP, none of which has anything to do with racism (on their part). (1) Most significant is the fact the PLP is overtly hostile to the non-black community, whites in particular (not to mention blacks who don’t toe the ideological line). No one in their right mind would vote for a party they believe hostile to their interests. It’s clear you believe the UBP to be racist. Are you planning… Read more »

clingtotherock
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clingtotherock

here’s what a blogger on blackvoices has to say “Im sorry although Hillary made a point, the core of her analysis was racist. aids is color blind, and a lot of rich white women do have the virus but either it’s downplayed or as the law required is kept confidential (as it should be) Hillary Clinton is just an opportunist, she is playing on the sentiments of the black females in order to get more votes. I just pray my black sisters are ahead of the game and can see through the bull—t she’s throwin out! If she was really… Read more »

vanz
Guest

it’s very sad silence – your revisionist take on white bda is a slap in the face to those who have suffered because of said racism – david gibbons’ own study that he launched in the late 70s on race relations in bda revealed white racist attitudes similar to the US south of the 60s. i also suggest that you contact people like ira phillip and let him know that his books on bdan history are incorrect because racism plays no part in the white bdan psyche. also pls take note that at the top of the UBP’s to do… Read more »

vanz
Guest

here’s the web page of gibbons’ biography:
http://www2.xlibris.com/BOOKSTORE/book_
excerpt.asp?bookid=555

Denis Pitcher
Guest

Vanz, I really don’t get it. You were stating that you thought racism was the reason why most white Bermudians vote as a block for the UBP. Silencedogood countered your arguments of why he thinks most white Bermudians vote one way or another. Rather than rebutting those remarks, you refer to his attitude as a slap in the face and go off on a whole different tangent. While I can understand the position of your generation who were much closer to segregation and the history of slavery and felt the impacts of racism to a much greater extent, my generation… Read more »

Sal
Guest

Editorial: Not a good example for Cayman to follow
Published on Thursday, October 4, 2007
http://www.caymannetnews.com/news-2459–8-8–.html
[moderated: Sal, you need to limit your comments to quotes from an article, not exerpting the whole thing. People can visit the link to read more]

silencedogood
Guest
silencedogood

Vanz,
I repeat: Unless you can you logically spell out, in a similar fashion, why you think racism is at the core of this phenomenon, my explanation will remain more credible.
Can you do that? Quid pro quo.

clingtotherock
Guest
clingtotherock

thanks Vance!… even though you didn’t address the points made by silencedogood, in your attempt to redirect you proved my point that recent generations (including UBP leaders!!) have made steps to move away from and correct the imbalances of racism that we all accept and admit existed in the past….problem is the current PLP government is dragging us all back to the past and reigniting the racism divide by exploiting and inciting racism for political gain. They were handed a wonderful opportunity to move this country forward and work to bring it’s people together, but you can’t do that with… Read more »

vanz
Guest

here silence… There are many reasons why I believe most white Bermudians do not vote PLP, none of which has anything to do with racism (on their part). (1) Most significant is the fact the PLP is overtly hostile to the non-black community, when whites like dr. ball and danny faris? joined the plp and the PLP in the past – white bdans made life hell for them which obviously turned off any potential white PLP members – zane desilva this year talked about how white customers told him that they would not send any biz his way anymore because… Read more »

vanz
Guest

also dennis – we r not that different in age that things have changed to the degree that it is the racial utopia u suggest. do u think white racism plays a part in bda today? so don’t chalk it up to a generation gap. just go and read on facebook how more “progressive” young white bda is. they’re so angry ud think a race war was about to pop off ( as suggested by UBPer Kim Swan in the House)

vanz
Guest

i meant 2 say “and to clarify – i live in canada – i obviously know that not all whites are not bad”
and pls don’t suggest a freudian slip.

Denis Pitcher
Guest

Vanz, Please recognize that Denis and Dennis are not one in the same. While I don’t mind people calling me Dennis, I would assume that someone who lives in Canada and cites Quebec in many examples would recognize the difference. Regarding racism, no doubt it exists. However, the subtle form of racism that exists today is a far cry from the racism people like my father experienced as a youth during the days of segregation. Times have changed. People (largely the youth) are more likely to be interracial and associate multiculturally. Facebook is an interesting example. I bet if there… Read more »

Mike Taylor
Guest
Mike Taylor

Vanz b’ye, you must have missed the PLP memo this morning. All that segregation and discrimination in the past, that wasn’t racism, that was just white people’s Affirmative Action.

clingtotherock
Guest
clingtotherock

2 things Vance- (1)the legislation and infrastructure that was set up in the 80’s by very smart and proactive Bermudians is the reason why IB flocked here following 9/11…so they came in spite of the PLP not because of it. (2)”why are only white bdans able to see how bad the PLP is but not blk bdans?” – this shows a clear lack of what is going on in Bermuda today, probably brought about by your geographic location, but one only has to look at the voter breakdown of the last election 51% to 49%…this and the word on the… Read more »

vanz
Guest

clingtotherock, that 51 to 49 has more to do with the fact that:
1st, whites probably vote at a higher percentage than blks (as they do in the states)
2ndly, a backlash against jennifer smith’s aloof governing style.
3rdly – u joking about buying votes huh, it’s a running joke that dunkley is buying votes everyday in his new riding that he’s losing.
the next election you will see that margin widen and the UBP fold – i can’t see dunkley and gibbons putting anymore time into govt. after the next lost which will leave who to run the party?

silencedogood
Guest
silencedogood

(sigh) Vanz… You still are not answering the questions. Instead you misdirect on (1) with something that has nothing to do with the PLP’s overt hostility to non-blacks and blacks who disagree with them on policy. It’s a perception which many feel is valid and which will affect their voting patters. Your disagreement is irrelevant in this context. On (2) you must be joking. There are numerous scandals, examples of mismanagement, and the very topic of this discussion relates to the lack of confidence in IB (which incidentally, is the main reason apparently for the fabled improvement in Tourism). For… Read more »

vanz
Guest

silence – i honestly tried to answer ur questions i’m either not as smart as i think i am or ur just not heating what u want to hear – so be it – here’s what u want – i give up – i have a deadline: A) What is your logic, if any, behind your opinion that the phenomenon where the majority of white Bermudians vote UBP (which, as you said, is a mixed-race party) is due to racism? you’re right – whites vote overwhelmingly for the UBP because they think it’s a party with better candidates and that… Read more »

silencedogood
Guest
silencedogood

Your refusal to discuss the issues in good faith and apparent lack of basis for your opinions says it all.
Good luck–you’ll need it with this kind of attitude.

clingtotherock
Guest
clingtotherock

um, no. black voter turn-out was the highest its ever been at the last election because cabs were paid for by the PLP to pick up voters and take them to the polls…imagine if they hadn’t been!..and while we’re on that note there are segments of the black community here who are becoming increasingly outspoken in their opposition to Ewarts governing style and are voicing their intention to vote the against him, but you’re not here so you wouldn’t know. secondly the only running joke is in your head because those rumors aren’t in this community whereas there is proof… Read more »

vanz
Guest

good luck to you too silence – if u think u have it all figured out as far as race and politics in bda – like the UBP in 98 you’re sadly mistaken.

vanz
Guest

dear cling – 1st, go out in dunkley’s riding and ask how much money he’s spent on “buying groceries” for people.
2ndly let’s meet back here teh day after teh election – i’m willing to bet my life that the plp will win the next election.
when u get a chance go to UBP.bm and look carefully at all the candidates and honestly pick the ones that you think will win a seat – you’ll come up with 10 at the most.

silencedogood
Guest
silencedogood

I guess I’ll have to move to Canada to get in touch with the Bermudian people, eh?

vanz
Guest

Silencedogood, didn’t Ngugi wa Thiong’o, james joyce, hemmingway and Wole Soyinka among others often speak with distance and more perceptively of their homelands from afar than those who remained at home? did not mandella, who was basically removed from the reality of what was going on during the hot and heavy dismantling of south africa nonetheless emerge to have a a better take on how to move SA fwd. better then those who were on the ground and in the streets fighting living everyday, precisely because he held strong to those beliefs he had back in the 60s before going… Read more »

silencedogood
Guest
silencedogood

Vanz,
If you are in that league, rather than simply deluding yourself, I have yet to see the evidence.
I asked you in a straight forward manner to explain to me why you believe the things you believe. You couldn’t or wouldn’t do it.
That doesn’t make you into Mandella or Ghandi.
Stop using the dimestore politician’s tricks and let’s talk, otherwise, let’s not.

vanz
Guest

silence i will say it again – i tried to answer ur questions honestly and clearly – if i am not doing so i guess i’m just not smart enuff to grasp what u r asking 4. in re; to racism ion bda do i have digitally time stamped footage of various white bdans at klan rallys? no – so i guess we’ll just assume that white bda has no racist elements until such evidence shows up.
cheers,
vc

silencedogood
Guest
silencedogood

“i guess i’m just not smart enuff to grasp what u r asking 4”
I’m starting to think so as well…perhaps you should start by discussing the questions asked, rather than the ones you wish were asked.
Honestly Vanz, one minute you want us to treat your musings as if you were the second comming, the next you want us to give you more leeway than we would give a 5 year old.

vanz
Guest

i post to express an opinion if this, “you want us to treat your musings as if you were the second comming,” is what u r taking my post – that says more about u than about me. again – u expressed an opinion – i expressed an opinion – you have no more concrete evidence of your opinion than i do of mine – and pls – just 4 fun take 1 of the things u asked and break down my response so that i see how exactly i am not answering ur question. and pls answer me this… Read more »

silencedogood
Guest
silencedogood

Since you are so sure I’m wrong, not to mention racist, why do you persist in refusing to explain why? I’ve only asked you to 20+ times.
Vanz, you’re like school on saturday.