Log In

Reset Password
BERMUDA | RSS PODCAST

Bipartisan think-tank needed again to put Bermuda first

John Wight is the president of the Bermuda Chamber of Commerce

Gross domestic product figures show an improving economy. The Bermuda Tourism Authority is reporting strong numbers. Very good news for Bermuda. Are we out of the woods yet? Not by a long shot. In fact, in many ways, I am as concerned about Bermuda’s future as I ever have been. Why? Income disparity.

There are too many Bermudians hurting. “Bermuda” used to work for all. It doesn’t now. It works for many, but not enough. Why? Who is discussing this? What is the plan to ensure that it does work for all again?

My background is financial, so the economics of why we need change is easier for me to articulate. What concerns me equally, however, is the social fabric of Bermuda. I can’t quantify it, but I see it and I feel it. Children sent home from school because their parents couldn’t afford uniforms. In Bermuda? In 2016? Heartbreaking and disturbing. And we can’t allow this to happen.

I have great respect for many members on both sides of the political aisle. Having said that, the principle agenda for both parties is to win the next election. The agenda for all of Bermuda is much broader and is critical to every Bermudian and guest worker on the island.

Is there good news? Absolutely. If all stakeholders in Bermuda’s future are willing to engage and understand that we must all give up something to get something, we absolutely can effect meaningful and lasting change. But discussion is not taking place.

Jobs for Bermudians. What is the plan? Is it clearly articulated, understood and agreed to?

Bermuda’s balance sheet? We owe creditors more than $2 billion and this amount grows every day. In fact, the Bermuda Government pays more than $400,000 per day on interest on its debt. What if this $400,000 per day went to education, seniors care, retraining Bermudians for the jobs of tomorrow? Do we all understand and buy in to the plan to one day be able to make this happen?

What is the answer? In my view, a group of respected individuals in our community needs to take the leadership role of setting Bermuda’s economic and social agendas. “Bermuda First” was a bipartisan think-tank with representation of individuals from the community, co-chaired by the premier of the day and the Leader of the Opposition. Committed people worked collaboratively on important issues to move Bermuda forward.

What happened? We had a succession of premiers who were not supportive of the work of this group, and it died a slow death. A great opportunity for Bermuda lost.

We need a new working group to succeed it. Respected people in our community: black, white, business, labour, male, female; people not afraid to work together to set an agenda for Bermuda, for all of Bermuda, which both parties need to listen to.

The price of entry to this working group is that every stakeholder must be willing to give up something to get something.

We have two choices: remain with our heads in the sand or start to do something about it. I know which way I’m voting.

John Wight is the president of the Bermuda Chamber of Commerce