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The decline is likely to continue ..... .
Antony Sguazzin, Bloomberg, April 17, 2019
South Africa†s performance on a range of social, economic and governance measures deteriorated more in the past 12 years than any other nation not at war, according to Eunomix Business & Economics Ltd.
The decline is likely to continue as the country wrestles with the consequences of nine years of worsening corruption and policy paralysis under former President Jacob Zuma, the Johannesburg-based political-risk advisory company said. The fragility of the economy may also limit the tenure of his successor Cyril Ramaphosa, who faces his first national election on May 8, it said.
{snip}
An index of security, governance, prosperity and welfare indicators shows South Africa slumped to 88th out of 178 nations in 2018 from 31st in 2006, according to an analysis of the country†s prospects by Eunomix. {snip}
South Africa†s decline in ranking is only been superseded by conflict-riven countries such as Mali, Ukraine and Venezuela and its peers now include Colombia, Jamaica, Latvia and the Philippines, compared with Portugal and Slovenia in 2008.
{snip}
Eunomix disagrees, saying the likelihood of arresting the decline is limited by the unsustainable structure of South Africa†s economy, in which economic power is largely held by an elite that wields little political influence, a product of its apartheid history and its status as one of the world†s most unequal societies. The ability of politicians to make the unpopular decisions needed to boost growth is hampered by this imbalance.
“Economic policy serves narrow interests, thus generating insufficient and unfairly allocated growth,†Eunomix said. “Populism, rather than developmentalism is an easy temptation, with the economy a tug-of-war between mutually distrustful groups.â€
{snip}
Original Article
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Brutus Buckeye
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(09-04-2019, 10:09 PM)Brutus Buckeye Wrote: Socio-economics, dude.
Clearly still suffering the effects of colonialism and apartheid. Â
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Surely things will improve once they get rid of those last white farmers that have been exploiting them so.
DANGEROUS WHEN PROVOKED
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They'll have to go back to killing their own albinos.
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Maybe Cincy's universal income plan would save them.
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Can you decode this passage;
“..the unsustainable structure of South Africaâ€s economy, in which economic power is largely held by an elite that wields little political influence, a product of its apartheid history and its status as one of the worldâ€s most unequal societies.â€
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(09-05-2019, 10:02 AM)somenole Wrote: Can you decode this passage;
“..the unsustainable structure of South Africaâ€s economy, in which economic power is largely held by an elite that wields little political influence, a product of its apartheid history and its status as one of the worldâ€s most unequal societies.â€
Sounds like liberal gibberish.
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09-05-2019, 10:13 AM
(This post was last modified: 09-05-2019, 10:52 AM by 3rdgensooner.)
(09-05-2019, 10:02 AM)somenole Wrote: Can you decode this passage;
“..the unsustainable structure of South Africaâ€s economy, in which economic power is largely held by an elite that wields little political influence, a product of its apartheid history and its status as one of the worldâ€s most unequal societies.â€
The white and Asian minority still have most of the wealth and produce the most but they are politically disenfranchised. That's how I read it.Â
The end result could be similar to the reign of terror. But the most likely result is they slowly dwindle away as populist policies seek to take away their wealth. Marxism is still the underlying political ideology in SA and the region and in the end there will be economic collapse and starvation.
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(09-05-2019, 10:08 AM)Hightop77 Wrote: (09-05-2019, 10:02 AM)somenole Wrote: Can you decode this passage;
“..the unsustainable structure of South Africaâ€s economy, in which economic power is largely held by an elite that wields little political influence, a product of its apartheid history and its status as one of the worldâ€s most unequal societies.â€
Sounds like liberal gibberish. Hey, you linked it. You must of liked it.
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(09-05-2019, 10:18 AM)somenole Wrote: (09-05-2019, 10:08 AM)Hightop77 Wrote: (09-05-2019, 10:02 AM)somenole Wrote: Can you decode this passage;
“..the unsustainable structure of South Africaâ€s economy, in which economic power is largely held by an elite that wields little political influence, a product of its apartheid history and its status as one of the worldâ€s most unequal societies.â€
Sounds like liberal gibberish. Hey, you linked it. You must of liked it.
Yes, I did link it but it is from a liberal perspective or so it seems. They clearly won't admit in the article that South Africa's failures are the result of black rule.
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(09-05-2019, 10:13 AM)3rdgensooner Wrote: (09-05-2019, 10:02 AM)somenole Wrote: Can you decode this passage;
“..the unsustainable structure of South Africaâ€s economy, in which economic power is largely held by an elite that wields little political influence, a product of its apartheid history and its status as one of the worldâ€s most unequal societies.â€
The white and Asian minority still have most of the wealth and produce the most but they are politically disenfranchised. That's how I read it.Â
The end result will could be similar to the reign of terror. But the most likely result is they slowly dwindle away as populist policies seek to take away their wealth. Marxism is still the underlying political ideology in SA and the region and in the end there will be economic collapse and starvation. Yes, I get that, too.  Sound like economic warfare is being waged on both sides, the haves and the have nots. If it degrades to all out war; the reign of terror, remains to be seen.
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(09-05-2019, 10:21 AM)somenole Wrote: (09-05-2019, 10:13 AM)3rdgensooner Wrote: (09-05-2019, 10:02 AM)somenole Wrote: Can you decode this passage;
“..the unsustainable structure of South Africaâ€s economy, in which economic power is largely held by an elite that wields little political influence, a product of its apartheid history and its status as one of the worldâ€s most unequal societies.â€
The white and Asian minority still have most of the wealth and produce the most but they are politically disenfranchised. That's how I read it.Â
The end result will could be similar to the reign of terror. But the most likely result is they slowly dwindle away as populist policies seek to take away their wealth. Marxism is still the underlying political ideology in SA and the region and in the end there will be economic collapse and starvation. Yes, I get that, too.  Sound like economic warfare is being waged on both sides, the haves and the have nots. If it degrades to all out war; the reign of terror, remains to be seen.
How are whites waging economic war? If the blacks steal their productive farms and destroy them so that no food is produced who is responsible for people starving to death?
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(09-05-2019, 10:20 AM)Hightop77 Wrote: (09-05-2019, 10:18 AM)somenole Wrote: (09-05-2019, 10:08 AM)Hightop77 Wrote: (09-05-2019, 10:02 AM)somenole Wrote: Can you decode this passage;
“..the unsustainable structure of South Africaâ€s economy, in which economic power is largely held by an elite that wields little political influence, a product of its apartheid history and its status as one of the worldâ€s most unequal societies.â€
Sounds like liberal gibberish. Hey, you linked it. You must of liked it.
Yes, I did link it but it is from a liberal perspective or so it seems. They clearly won't admit in the article that South Africa's failures are the result of black rule. And you won†t admit that whites have a part in savaging SA to the point where a small minority controls the wealth and means of production to the detriment of the indigenous majority. God says you reap what you sow.
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(09-05-2019, 10:23 AM)Hightop77 Wrote: (09-05-2019, 10:21 AM)somenole Wrote: (09-05-2019, 10:13 AM)3rdgensooner Wrote: (09-05-2019, 10:02 AM)somenole Wrote: Can you decode this passage;
“..the unsustainable structure of South Africaâ€s economy, in which economic power is largely held by an elite that wields little political influence, a product of its apartheid history and its status as one of the worldâ€s most unequal societies.â€
The white and Asian minority still have most of the wealth and produce the most but they are politically disenfranchised. That's how I read it.Â
The end result will could be similar to the reign of terror. But the most likely result is they slowly dwindle away as populist policies seek to take away their wealth. Marxism is still the underlying political ideology in SA and the region and in the end there will be economic collapse and starvation. Yes, I get that, too.  Sound like economic warfare is being waged on both sides, the haves and the have nots. If it degrades to all out war; the reign of terror, remains to be seen.
How are whites waging economic war? If the blacks steal their productive farms and destroy them so that no food is produced who is responsible for people starving to death? How does a minority control a majority?  Through force and/or economic means.
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