South Africa, for once, is in step with the world’s leading countries — those with the world’s highest living standards, least corruption, best healthcare, lowest inflation, strongest property rights, most liberty and greatest rule-of-law score.
None of that actually describes SA, so what might the similarity be? The move away from proven market-friendly policies towards failed interventionism.
Many of the world’s poorest countries are rising like genies from a bottle. As if we’re in neighbouring lifts: theirs going up, ours going down. For a century, countries called the "West", "First World" or "North", have been top dog. No one knows what the implications are of formerly "backward" people of colour and followers of other faiths taking over. The cacophony of twaddle about "rising inequality" conceals the fact that, thanks to economic freedom in poor countries, global poverty is declining precipitously. READ MORE
Source: www.bdlive.co.za
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