Tag Archives: economy

Does the ANC realise that their expropriation drive will make of South Africa an economic ‘basket case’?

By the day I am more and more astonished that the ANC — with a leader whom I used to regard as an intelligent man — is forging ahead with an expropriation policy that can have only one result: lowering the economic status of South Africa to rock bottom, where it can rub shoulders with…

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So what exactly DID happen?

A thought for the day: When the First World War ground to a halt exactly 100 years ago, Germany was heavily penalised financially. Financial reparations to the Allies were set at 369-billion gold marks, equivalent to about 96 000 tons of gold, but after complaints that the payments were bankrupting a struggling nation the amount…

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Educational disparities at an international level

For some time now, it has been the case that internationalisation of education cannot be separated from globalisation as a multifaceted phenomenon. This inevitably raises the question of whether such globalisation, especially given its inseparability from advanced (electronic) communicational developments (partly as a means to the sharing of knowledge and, unavoidably, economic prosperity), is judged…

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‘Only when the last fish has been caught, will you realise that you cannot eat money’

‘Only when the last fish has been caught, will you realise that you cannot eat money’. We are moving perilously close to the actualisation of my paraphrase of these words from the well-known saying attributed to Alanis Obomsawin of the Abenaki tribe northeast of Montreal in Canada. The usual wording of the saying is: “When…

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Has humankind really “progressed”, in the Enlightenment sense of the word?

In philosophy, there is a saying, by Hegel, that the owl of Minerva only spreads its wings at dusk. Hence, when we take stock of our situation today, with the benefit of such hindsight, what do we perceive? Has humankind really “progressed”, in the Enlightenment sense of the word? In fact, does “progress” make any…

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The ‘happiest’ nations in the world – what do they have in common?

Some of you probably know about the so-called “happiness index” that has been published on a regular basis for some time now. It lists the countries of the world on the basis of their ‘happiness’ and obviously, the index has a way of establishing such ‘happiness’ – a number of criteria, that is. This is…

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Are South Africans really all capitalists at heart?

The South African news cycle often is awash with nationalist rhetoric from the emerging and vocal opposition, raging against the African National Congress. These quasi-socialists hold out an image of an economically liberated Southern Africa, a picture of Mzansi at peace on the land – their land. The capitalists too have a vision for South…

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Where is the wealth Malema wants to redistribute?

In a conversation about South Africa’s socio-economic malaise with a thoughtful sociologist from abroad, he asked the burning question that is shaping South African politics: “where is the wealth?” We talk often in South Africa about wealth redistribution, black economic empowerment and socio-economic rights. Our constitution at the outset sketches a socially just society as…

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Has the time for ‘talks about talks’ come in SA?

The student protests of the last year are reminiscent of the 1976 student uprisings. Those protests were the precursor to a political change in South Africa less than a decade later. When young, educated “born free” South Africans express anger and impatience it’s time to pay attention. They have shown they want action. They want…

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Why one should NOT vote for Trump in America this Tuesday

There are many reasons why voters in the United States should not vote for the Republican candidate, Donald Trump, on Tuesday, November 8. These include the fact that he has, on several occasions, shown himself to have a questionable attitude towards women, and generally towards a variety of minority groups in America, at a time…

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