Meet the WUT

That’s how people will call the Sir Harold Walter Urban Terminal if the VUT is renamed to honour the memory of one of our land’s finest but completely forgotten sons – SHW built our first and some say still our best motorway which also makes him associated with our transportation network. It’s true he was a pillar of the Labour Party (pictured above with a famous colleague) and we don’t have a Labour PM right now. But we know what happened when we last had one. He actively tried to rewrite the history of the LP and of Mauritius, placing a sycophant at the head of the MBC with a contract that had even a “clause de conscience”. And two of the three Presidents he nominated were not personalities from the oldest political party of Mauritius.

Bean-Counter Who Broke the Economy Says He Understands How it Works

Tram Will Cut Down

Road Fatalities By 20%. Really?

That was on a radio program in the second quarter of 2017 when Sithanen argued against the Lepep tram while Chung defended it. Chung, a senior advisor at the PMO at the time, predicted that the introduction of the tram would slow down the growth of the car pool and reduce road fatalities by 10%-20% every year (save 20-30 lives) which he claimed happened everywhere in the world. Flyovers and a Bus Rapid Transit (BRT) were not options for him.

Pope to Spend Day With Victim of Unbridled Capitalism

He will find a Mauritius that's a lot more vulnerable than when John Paul II visited us thirty years ago. The damage done by an extreme version of trickle-down economics — 'dung of the devil' as Francis quoted a fourth century bishop to his Santa Cruz, Bolivia audience back in 2015 (as reported by The Guardian) and which has been dubbed Shaitanomics here since 2010 — is extensive and captured in chart 1. 

Why You Forgot 2018 is The Year of The 'Second Economic Miracle'

... je pense que vers 2008 nous pouvons réaliser un taux de croissance de 7/8%.

Rama Sithanen, 2005

54. In this context, some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world. This opinion, which has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system. Meanwhile, the excluded are still waiting. 

Pope Francis, Apostolic Exhortation 2013 

No Miracle in Sight

Half of the fourth year of the Lepep government is almost gone and still no trace of the exceptional economic performance SAJ had promised for 2018. Only growth rates of less than 4% so far and the next two years are not likely to be any different. These are the lowest in decades. 

Lepep Should Shift From TINA to TAMBO

TAMBO stands for There Are Much Better Options. It's an acronym I coined back in 2007 when Dr. TINAnen was busy breaking the economy with his flat tax. It essentially demonstrated that there were more useful things to do than to turn back the clock of social progress between never-ending stories of gato-pima and savat leponz. Like considering several good options and picking the best. Feasible if you're not endowed with a reverse Midas touch.

Spreadsheet Nirvana

The decision of going ahead with the Lepep tram is afflicted with the same There Is No Alternative disease and doesn't address the No. 1 problem of our transportation policy: the growth of private cars has been left unchecked for way too long. On April 1, Georges Chung was heard saying that there were no alternatives to the tram. Isn't that a jurassic comment? And a couple of days ago he seemed to be in a state of total bliss while standing in front of a spreadsheet of the project – we were also told that half-a-dozen accountants did not take up his challenge of finding faults in it – that has been presented literally as having no risk. But he doesn't want to share it with the media.

Mauritius Doesn't Need the Metro Express to Go Bankrupt

Because the Sithanen flat tax has been taking care of that. In quite a splendid manner actually. As we've pointed out recently the associated toohrooh has already reached a trillion rupees. Which is equivalent to several years of GDP. Anybody who has studied up to at least Form III understands that continually growing at less than 4% -- that too in depreciated rupee terms -- instead of the 8% you promised will land you in very deep trouble pretty quickly.

We've seen our PM make a surprising visit to India before presenting his budget. The implementation rate in the public sector has slowed down. If the Metro Leger has been replaced by a watered-down version it's not because we have so much money that we don't know what to do with it. A special purpose vehicle has appeared and the debt ceiling will be amended. What do all these signs tell us?

Wong Had Little to Do With Massive Amount of Poverty Created

Because he was not Finance Minister (FM) during any of the past eleven years when by far the most backward policies -- top tax rates were set too low and this broke the economy -- our country has known were implemented. For sure he has been a member of Cabinet during the last two and half years and as such has to accept part of the responsibility of the mess we're in because he could have vehemently asked for the end of the worship of the golden calf. Or at least distanced himself from it. Besides he was until recently a member of a party which has two interesting words in its name: Social Democrate.

XLD, Less So

Of course Xavier-Luc Duval (XLD) has a lot more to do with all the poverty created over the last decade because he was in the driver's seat for quite some time -- close to three years. But before we look into this let us not forget that poverty and the fight against it is heavily dependent on two quantities: the size of the economic cake (GDP) and how it is shared. From the 2012 household budget survey (HBS) -- which tells us about the sharing -- we know for a fact that the poorest two-tenths of Mauritian households saw their shares shrink by 10% to 15%. That's their smallest shares in at least two decades if you care to know. So we don't exactly get bonus points here. And what about GDP?