Tag Archives: state capitalism

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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White males, naked capitalism and ending economic apartheid

The country watches transfixed as the ANC creaks and groans like a wooden ship trapped in Antarctic ice. The ANC has long kept the lid on things, like some benevolent dictator might have done. But now the ship threatens to break apart. There goes the life boat. People cling to its splintered timbers hoping these…

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