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The price of populism? – the rule of law, economic freedom...

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The results are in. The African National Congress has attained 40% of the vote, the Democratic Alliance (DA) 21%, uMkhonto we Sizwe (MK) 14%, and the Economic Freedom Fighters (EFF) 9%. It is clear that some of these parties enjoy too much support in the context of a country that claims to be a constitutional state that prioritises the rule of law and which requires massive foreign and domestic private investment.

BusinessBrief June/July 2024 edition is now available!

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Read our exclusive cover story titled The price of populism? - the rule of law, economic freedom & social progress by Martin van Staden, Head of Policy, Free Market Foundation, plus a host of other topical management articles written by professionals, consultants and academics.

South Africa should heed Venezuela’s and Zimbabwe’s abandonment of socialism

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The recent press reports of the Venezuelan government relaxing its controls over the economy is heartening. This comes after the government of Zimbabwe also in recent years signalled its intention to open up for business and set right the disaster of Mugabe-era land grabs. South Africa would do well to take heed of this trend away from socialism toward freedom.

Venezuela is an irrefutable indictment of socialist ideology

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It is most astonishing that even as the Venezuelan crisis unfolds on TV screens across the world, the orientation of governance in the United States is in danger of degenerating into the same socialist experimentation that has brought such suffering and tragedy to the South American country.

Cuba is no example to follow

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Venezuela is proof of the miraculous impact of socialism. They took a prosperous nation and destroyed it almost overnight. That’s a problem for that other socialist paradise - Cuba.

Chavismo | The latest socialist failure

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The tragedy unfolding in Venezuela serves to prove a point long-settled by the failures of communist China, the USSR, Cambodia, Zimbabwe etc.

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