Monday, December 16, 2013

IMPORTANT South Africa and Ending Apartheid: The Free Market Road Not Taken

Richard Ebeling emails:
Dear Bob,

I have a new article on the news and commentary website, "EpicTimes," on " South Africa and Ending Apartheid: The Free Market Road Not Taken."

I explain that Nelson Mandela's vision for a post-Apartheid South Africa had been based on the Marxist critique of capitalism.
But, in fact, there were other classical liberal, free market voices, such as the economist, W. H. Hutt, who argued that the only truly effective anti-discriminatory economic system was open, competitive capitalism.
Apartheid was a system of government control and regulation to artificially keep South African blacks from competing against whites in the market place. And, thus, black Africa poverty and humiliation under Apartheid was precisely due to the suppression of free market forces that, in the long-run, recognize only one "color" -- the color of your money.

1 comment:

  1. About time a libertarian in the academic world got to this. Everybody seemed to be dropping the ball on this Mandela thing. I kept hearing all about Mandela, who is only a distraction of what really happened and really only a part of a history of a country. It's about centralized governments versus the free markets.