Freedom lies in competition in South Africa

Butch Steyn - Democratic Alliance Member of Pa...

In their recent book, Why Nations Fail: The Origins of Power, Prosperity and Poverty, American scholars Daron ­Acemoglu and James Robinson argue that the political revolution in Egypt last year was really about toppling a closed and corrupt system that protected elite economic insiders and excluded the majority of Egyptians, who remain poor.

Although South Africa has a very different political system – we are a proud democracy, not a military dictatorship – and a more advanced economy, policymakers would do well to heed the lessons of Tahrir Square: a closed system that benefits only big government, big unions and anti-competitive big business will not create a better life for all.

That is why the Democratic Alliance’s Growth and Jobs Plan, launched last month, places such a strong emphasis on opening up the economy to encourage broad-based participation by fostering a competitive environment that is conducive to new entrants.

via Freedom lies in a competitive South African economy – Mail & Guardian Online.

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