Julius Malema wants to destroy the white economy. The mayor of Ekurhuleni wants to seize its commanding heights. President Cyril Ramaphosa wants to reset the racist economy. But what is the economy? It’s not a tangible entity. It’s an arena, with millions of players who are all trying to supply what people want while taking less than they make.
The difference is profit — merely the productive use of resources. The players are funders , entrepreneurs and a vast variety of skilled workers. The rules of the game are set by the government, and comprise taxation, competition and labour law, health and safety. The economic arena is inanimate. It cannot be killed. It has no commanding heights if competition is enforced. It has no colour.
Economic activity will be eliminated when the arena and the rule book are torn up. The economic soil is then poisoned. Nothing grows. There are no winners.JOIN THE DISCUSSION: Send us an e-mail with your comments. Letters of more than 300 words will be edited for length. Send your letter by e-mail to
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LETTER: Managers look to mechanisationThe 16-million who are entitled to work under level 3 could be halved
Source: BDliveSA - 🏆 12. / 63 Read more »
LETTER: Leadership class must lay down demands for urgent changeThe Covid crisis exposes President Cyril Ramaphosa as unfit to reign
Source: BDliveSA - 🏆 12. / 63 Read more »
Gareth Cliff outlines his issues with Nkosazana Dlamini-Zuma in an open letterGareth Cliff pens open letter to Nkosazana Dlamini-Zuma. Who is Gareth Cliff GarethCliff can do to hell. The presidents position in regards to these matters were clearly documented and televised prior to the coup attempt to hijack government and implement alternate agendas and vendettas at the risk of the people lockdownSA
Source: TimesLIVE - 🏆 28. / 59 Read more »
'Skeem Saam’s' Lesego Marakalla pens open letter warning against marrying your blesserThe star, who plays the role of Rachel Kunutu on the soapie, was in preach mode
Source: TimesLIVE - 🏆 28. / 59 Read more »
LETTER: Wishful green thinkingArticle fails to explain how the crisis offers an opportunity to go green
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »