Article 3NERT South Africa Didn't Learn from Apartheid. It's Still Waging War against Free Markets

South Africa Didn't Learn from Apartheid. It's Still Waging War against Free Markets

by
from from FEE on (#3NERT)

Racial discrimination in the country, Thomas Sowell wrote, was not a result of free enterprise. Instead, it was a consequence of the government's attempt to protect white workers from their black competitors. "If capitalism can be described as the unfettered operation of the market in the allocation of society's scarce resources," he concluded, "then apartheid is the antithesis of capitalism."

Today, the South African government is, yet again, undermining the country's market economy and racial tensions are on the rise. To save themselves from economic collapse and rising racial tension, South Africans of all colors should read Sowell's sage words and, maybe, invite him to visit South Africa once more.

External Content
Source RSS or Atom Feed
Feed Location http://feeds.fee.org/FEE-Freeman
Feed Title from FEE
Feed Link https://fee.org/articles/
Reply 0 comments