By Chris Becker
The average African’s time preference will need to change if Africa is going have the capital and investment funds necessary for the transformation into a manufacturing hub. But with a tradition of mismanaged currencies, negative real interest rates, and rising consumer credit there is a strong anti-saving mentality in place.
By Chris Becker
The destruction of the Zimbabwe dollar has forced fiscal discipline on the Zimbabwean government, as the public no longer accepts the money that government prints and spends. The public now only accepts monies printed by other governments. As a result, the government is now resorting to outright asset expropriation to steal resources from the private sector.
By Chris Becker
Socialism is a decivilising, inhumane, and cruel economic system. This is why.
By Chris Becker
The state forges ahead with spending billions on archaic formal education methods. The market, as always, is moving on. Best for the millions of youth in the country would be that unhampered free markets provide a cheap, effective, and better solution.
The South Africa government should get out the way and let the free market get on with wealth creation.