Bridgetown Barbados: Merchants in Barbados who are guilty of price gouging should fear the Barbadian consumers. This is the view of Prime Minister of Barbados Freundel Stuart.
In an address to the Barbados Chamber of Commerce and Industry’s luncheon at the Lloyd Erskine Sandiford Centre, Stuart alluded to the vexing question of cost of living in Barbados and the recent charges and counter charges of price gouging.
The Prime Minister told his audience, which included some of the leading retailers and supermarket operators in the country, if they continued to focus only on a return for their shareholders the day would come when they would suffer because Barbadians would no longer buy their goods.
“Corporate entities by their legal nature impose on their directors a duty to shareholders whose investment in their business contemplates a healthy return. This consideration therefore is at the forefront of their thinking, ” Stuart said.
