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I see Tony Leon is voicing his concerns about our "economic trajectory".
I earlier expressed concerns about predictions that state spending would become the main driver of the economy. Same issue, different angle methinks.
Addressing the South African Business Club in London, Leon said South Africa could retain market orthodoxy or go backwards towards a statist command economy based on an outmoded Stalinist model.
"While there appears to be clear blue water between these visions, many aspects of the statist conception have lately become part and parcel of [President Thabo] Mbeki's economic trajectory, as he has made significant concessions to the leftist constituency in the tripartite alliance," Leon said.
full story from M&G here
"While there appears to be clear blue water between these visions, many aspects of the statist conception have lately become part and parcel of [President Thabo] Mbeki's economic trajectory, as he has made significant concessions to the leftist constituency in the tripartite alliance," Leon said.
full story from M&G here
I earlier expressed concerns about predictions that state spending would become the main driver of the economy. Same issue, different angle methinks.