2 ms·

There was a dramatic downturn in the South African economy after 1994, not a collapse like Russia but our industry took a huge knock, the Rand weaken dramatical

There was a dramatic downturn in the South African economy after 1994, not a collapse like Russia but our industry took a huge knock, the Rand weaken dramatically, there was vast disinvestment and job losses. Yes there was growth, but like all neoliberal regimes it has gone to the wealthiest 1%. Today South Africa is significantly worse in most social indicators than it was in 1994.

edblarney 10y ago
"Today South Africa is significantly worse in most social indicators than it was in 1994." And do you blame this on capitalists? Or do you blame this on your utterly, completely and totally corrupt and inefficient political system? Which one do you think is the source of the problem? :) Because we have capitalism here in Canada and are doing just fine.