The Importance of Sharing

That's some of the nice feelings I take away from reading Patrice Hardy's interview in today's Week-end. The Naiade boss is taking the slowdown in business in his stride and is looking forward to optimise his brand new 4-star hotel in our sister island. He also reports a stable turnover thanks in part to having moved upmarket in the hospitality business.

A few days ago, GFA Insurance announced the sharing of 20% of its profits with its employees. Even CMT's Woo was seen on TV saying it would be indecent for him to go ask for money from Sithanen's controversial additional stimulus package and that he only expects a significant reduction in his profitability.

All of this is in sharp contrast with our professional whiners also known as GLDs (gourma lamin dipin), don't you think?

Lefe Savat Leponz Ek Gato Pima Lor Inegalite

Minis finans abitie dir ki li konpran kiete lamizer parski li ti mizer limem ek ki li ti van gato pima dan bazar rozil. Resaman lor radio li fin azute ki li ti osi met savat leponz ziska laz sez an e ki donk ban pov kav kont lor li pu zot refer.

Abe ler nu get distribision reveni nasional apre so premier pasaz kom minis finans de septam 1991 a desam 1995 nu oblize met so parol an dut pu trwa rezon prinsipal kuma sa tablo lao p indike:

1. 10% ban menaz pli mizer (mo sipoze dan sa group lamem truv ban dimun ki met savat leponz e van gato delwil) fin truv zot par reveni nasional degringole par 13%. Apel sa laflam.

2. Tu le 10 grup menaz, sof en, fin truv zot par diminie. An efe, zis 10% menaz pli ris fin truv zot part gato nasional ogmante par 10.8%. Apel sa dimiel.

3. Par 10% menaz pli ris fin pas de 12.1 fwa par 10% menaz pli pov a 15.4 apre premier pasaz Sithanen kom minis finans.

Donk nu konklir ki probableman akoz minis finans, buku dimun fin bizin met savat leponz ziska o mwin laz sez an e ki zot fin oblize van gato pima dan bazar.

Byin sir sa pa v dir ki si u fin met tanga ziska laz diset an trwa kar e ki un van badia, gato lisu ek pima frir dan bazar porlwi u pa pu rapel u la mizer si u vin minis finans.

Poverty Analysis 101

Lutchmeenaraidoo managed to make Mauritius a bit more equal when the poorest 20% of households ended up with 6.4% of total income in 1991 which was a good 0.8% more than they had 5 years earlier. The top 20% also saw their share shrink by 0.7% in the same year.

Enter the bean-counter in 1991 and 5 years later the latter had a massive 2.7% more while the poorer group had 0.5% less. In fact with le p'tit cousin, the top-earning households got their biggest share of total income over the 15 years reviewed above while the lowest 20% saw their brightest days with cousin grande.

And finally, when Ramgoolam left he had managed to give 0.3% back to the lower-earning 20% while clawing back about half the reverse robinhoodness of Sithanen. See, I told you Navin's first government was mediocre but not toxic.

To be continued...