You are hereHome ›
(CNS Business): The premier has said that replacing the current voting system with single member constituencies (SMC) could threaten the economic prosperity of the Cayman Islands as it may make the islands look unstable. In a radio and television broadcast on Thursday in which he pushed government’s position to support the status quo and campaigned against the introduction of one man, one vote and single member constituencies, McKeeva Bush said voters must think of how it looks to those who make Cayman prosperous because it could make Cayman look like a banana republic and put them off coming here.
He said competition between financial centres is fierce and voting for change would be shooting “ourselves in the foot” before the battle to win new investment had even started.
“That is why I called this referendum now; we could not afford the uncertainty a moment longer,” he said, stating that the idea needed to be dismissed so attention could be turned back to the important projects that would build future prosperity. “We must focus unwaveringly on the things that will make Cayman successful and wealthy, and our people being able to take care of your families financially,” Bush added, as he warned of the impact on business.
“Businesses and tourists come here not only because of the traditional warm Caymanian welcome and hospitality, but because we have a stable political and legal system. No one can predict the outcome of future elections under a changed system, so outsiders have to take this into account,” he said, adding that it could be the deciding factor for a business looking to bring their headquarters here, or send them to Nassau or the British Virgin Islands.
The premier said he believed the new system that has been proposed is open to abuse and manipulation. “We could end up being run by 18 family bosses rather than a shining Caribbean example of English democracy,” he said. “We need to promise investors a stable and secure place to live and do business, not a risky, chaotic banana republic.”
In his address Bush said the country needed stability to focus on the projects “such as an attractive port and an expanded airport bringing in tourists,” as well as investors contributing to revenues and creating jobs. Before Cayman could focus on these things it needed to put the “uncertainty and risk of tinkering with our democracy behind us.”
He said he meant to ensure Cayman was attractive to new enterprises and innovation. “As premier, I intend to deliver a new found focus on these drivers of our future prosperity, pushing forward key government projects and supporting the critically important private sector projects that contribute to this success,” he stated as he asked people to vote ‘no’ to the proposal for single member constituencies and stick to what he called the tried and tested system.
The comments posted do not necessarily reflect the views of CNS or any individual staff member. All comments are posted subject to approval by CNS. Read more
- But George Town is a dump. 23 hours 51 min ago
- Agree with you both 1 day 1 hour ago
- What a breath of fresh Air... 18 hours 53 min ago
- Oh? Where is this credit? I 1 day 11 hours ago
- Kudos to PNA 1 day 14 hours ago
- And a day later they signed, 1 day 16 hours ago
- And delaware, london, and 2 days 1 hour ago
- I hope the G8 extends the 2 days 17 hours ago
- very slippery slope for 3 days 9 hours ago
- Dart starts new office block 3 days 9 hours ago
- Work permit as Online Investor (Personal Investor)
- House for sale - Mt Pleasant WB
- \'09 Honda Fit 4sale
- New Blackberry Q10 Gold Plated and Gold Porsche Design (24 HRS BBM Chat:295941E1)
- Town - Extra Large Bedroom with XL Walk-in Closet
- ONE BEDROOM SHARING $325.00
- CINSA RElays
- Retirement plan
- Make Money Now - Easy as ever
- Stainless Steel Electric Stove & Electric Water Heater for SALE