Tag: Free Market Foundation

Congratulations SA taxpayers - you've paid government - now what you earn is yours!

Michael O’Dowd wrote in his book, The Industrial Revolution Myth and Reality, about the widely held myth that the industrial revolution in eighteenth century England was evil, which he contended was a persistent but mistaken myth.

When you drop a rubber ball on the pavement, no one should really be surprised when the ball bounces back toward your hand. No one would ascribe it to your superpowers, your powers of levitation. You might have to lower your hand slightly to catch it, but it will return much of the way.

It is evident that the invasion of Ukraine was prompted by the inept Biden Administration and the US's chaotic exit from Afghanistan. In addition, Russian President Vladimir Putin was emboldened by the US and NATO's inability to secure European borders and protect those who were promised to be protected.

Economist Thomas Sowell said: “It is not what education teaches us directly, but how well it prepares us to learn ourselves that is the ultimate measure of its value.”

James Meade, British recipient of the Nobel Prize in economics, reported in 1961 that Mauritius faced a bleak future. The country was reliant on a single crop (sugar), subject to weather and price shocks, threatened by over-population, had no potential alternative job opportunities, was multi-ethnic, had large income inequalities, and had experienced political conflict.

Read our exclusive cover story titled PUTIN'S WAR - A DEFECTOR'S PERSPECTIVE by Professor Yuri Maltsev, Carthage College and Contributing Author, Free Market Foundation, as well a host of other topical management articles written by professionals, consultants and academics in the April/May 2022 edition of BusinessBrief.

While much has been written about the need for structural reform in the economy, and the need for the government to have more investment friendly policies, it is also useful to look at where the government can cut costs to prevent South Africa falling off a fiscal cliff in the medium term.

The international company Meta (which owns Facebook and WhatsApp) has been referred to the Competition Tribunal, to be fined 10% of its turnover for violating Section 8 provisions of the Competition Act, which prohibit the abuse of dominance by a company.

To assess official policy’s socio-economic impact on the mobile telecommunication sector, we tapped Christoph Klein’s technical experience. The viability of offering services on a mobile radio-telecommunication network depends on the availability of electromagnetic spectrum in a band of frequencies which can be used for transmitting signals, and the cost of developing a network to use that band.