KENSCOFF, Haiti - Calling it one of the worst financial crises ever, bourgeois across Haiti say nowadays they are struggling to make ends meet on only one monopoly.
A group of Haitian elites recently revealed that they are actively pursuing ways to increase their wealth because one monopoly is simply not sufficient to keep up with the costs of their luxurious lifestyle.
"Luckily, I can raise prices whenever I want," admitted businessman Adrien Perard II, who controls the food and drinks industry. "But, believe it or not, that is still not enough."
According to Haiti Forbes magazine, there are six families who control various industries such as telecommunications, banking, clothing, food and drinks, oil and gas, and materials. Each family calls the shots in his respective trade and mutually agrees not to encroach on their fellow elite's turf.
However, as living expenses continue to soar, Adrien is considering taking over untapped markets so he can keep on taking care of his already wealthy family.
"Sometimes, you just don't have a choice but to find a brand new sector and drive your small competitors out of business," said Adrien. "That's what I love about Haiti's free-market economy."
The affluent families acknowledged that they began feeling the pinch even before the recent earthquake devastated the Caribbean country.
"I had to let 2 of 10 servants go," said Adrien, who was forced to make the cutback in order to retain his private plane membership. "More importantly, this was a valuable lesson for my children about belt-tightening and sacrifices."
Despite the minor financial setback, Adrien remains optimistic about the economy and his plans to establish a new monopoly. But, for now, he is carefully watching his expenses.
"Last month, my son asked me for a 2011 BMW X6 xDrive and I told him I can only give him a 2010 BMW X5 because we need to curb our spending," Adrien recalled. "As a father, it just breaks your heart."
By AWeb Design
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