11/12/2025
**With Malice to None: Some thoughts on State Ownership in Belize**
By Berisford Codd
Telecoms show us the stakes. New service delivery models have transformed the sector in ways unimaginable 15 years ago. Yet when the state leans heavily into ownership, opening the door to competition becomes even harder, as models that could out‑innovate or out‑deliver the state company often never get a fair chance. And once utilities are nationalized, rolling them back is messy: investors remember expropriations, citizens resist losing control, and weak regulators make transitions risky.
Zooming out, Belize is simply too small for real competition in most utilities—these are natural monopolies. The real debate isn’t one company vs. many, but how to keep the big player honest:
- State ownership = control, but risks inefficiency.
- Private ownership = efficiency, but risks profit over people.
- Public‑private mix = balance, but needs strong governance.
And here’s the bigger picture: Belize’s 25‑year trend of nationalization begs hard questions. Are we crowding out private investment and stunting sector growth? Would our scarce resources be better spent on human development—education, skills, and innovation capacity—rather than propping up ownership structures? That way we could really prepare our people to make the leap into the higher end of industry that attracts top dollar. Is our regulatory capacity ready to take on another monopoly, one where tech changes significantly every 5 years?
Bottom line: no model works without strong, independent regulators. In small states like ours, building those institutions is the real test. The happenings in our political economy are real‑life case studies, rich food for debaters and PhD researchers in regulation, public policy, and development economics. I miss my senior the Late Great Glenn Tillett. His pen would have been must read 🧠 🕊️