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The Description for this ebook, Democratic Socialism in Jamaica: The Political circulation and Social Transformation in based Capitalism, should be forthcoming.
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Extra info for Democratic Socialism in Jamaica: The Political Movement and Social Transformation in Dependent Capitalism
In practice, this meant that expropriation would be prohibitively expensive in that the courts would decide that no less than current market value would constitute adequate compensation. Economic development During Crown colony rule, the imperial masters had not encouraged but rather actually discouraged industrialization, as they feared it would damage the interests of British exporters. The war had created a situation in which, because of the disruption of trade, Jamaica was forced to resort to import-substitution, thus beginning local manufacturing in many areas where it was absent earlier.
Almost simultaneously with Public Opinion, a new political organization was formed, the National Reform Association (NRA), 8 and shortly thereafter, an abortive attempt was made to form a political party, the Labour Party. In both cases, the founders approached N. W. Manley, a Rhodes scholar and Jamaica's foremost lawyer, to become involved but he refused, A Post-Colonial Plantation Economy 15 as all through 1937 he saw his role primarily in the promotion of social and economic development projects, not in politics (Post, 1978:220).
Despite the desire for land, as much as a quarter of the area suitable for continuous cultivation was lying idle in 1961 (Jefferson, 1972:79). ) and financial outlays on infrastructure and inputs. The pattern of economic dependence could be seen in other sectors also. 0 SOURCE Jamaica Department of Statistics Agricultural Census Unit: Census of Agriculture 1968-9, cited in IBRD (1982a:229). by foreign, mainly British, interests. The banking system was entirely foreign-owned until the late 1960s, when the JLP government initiated its 'Jamaicanization' program, forcing the banks to incorporate locally and offer shares for sale to Jamaicans with the goal of achieving 51 per cent local ownership.
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