News Articles
1999 Archives


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The economics of combating crime

22 December 1999
By Jim Harris and Leon Louw Introduction Much good work has been done on how best to combat crime. This article brings no technical ability to this topic, but aims to contribute some economic perspectives on the intellectual territory presently claimed by experts such as political scientists, sociologists and legal scholars.…

US Imports and Free Trade

15 December 1999
Better and cheaper imports are the key benefit of free trade -- not increased exports, say economists. Exports are what we have to give up to purchase the imports. Thus free trade benefits us, even if other nations don't practice it. U.S. impediments to imports -- from sugar to…

Is Bill Gates the Villain?

07 Dec 99  
by Jim Peron Exactly what is going on with Microsoft and Bill Gates? They seem to be under constant attack by the US government and are accused of monopolistic practices. Not long ago I saw an interview on CNN with James Barksdale, CEO of Netscape. He said he was an…

No Shortage of Fear

02 Dec 99  
By Jim Peron The environmental Left has constantly chanted the mantra “we are running out of everything.” And it seems that a lot of people believe it. The problem with this claim is that it is contradicted by economic reality. As resources become scarcer they should increase in price.…

Going Bananas Over Water

22 Nov 99  
By Jim Peron I grew up in Chicago. Now there are two types of weather in Chicago: too hot and too cold. The last year I lived there the temperature went below zero toward the end of November. For the rest of the month, all of December, all of January and…

GOVERNMENT SUPERVISION OF ASSET MANAGEMENT BY INSURANCE COMPANIES

09 Nov 99  
by Eustace Davie, Director, Free Market Foundation A recent report of the technical committee of the Investment Sub-Committee of the International Association of Insurance Supervisors suggested, in essence, that government supervisors should become increasingly involved in supervising the day to day management of insurance companies. The ostensible purpose of such involvement…

NATIONALISATION OF WATER AND MINERALS

28 Oct 99  
By Leon Louw Privatisation Former President Mandela and other officials have given periodic assurances that nationalisation is no longer on Government’s agenda. Instead, Government intends to liberalise the economy and privatise state enterprises. This position has been repeated in official macroeconomic policy documents such as those of GEAR and the October 1998…

THE MYTH OF JOB CREATION

27 Oct 99  
By Jim Peron Finance Minister Trevor Manuel has announced that some R1 billion of government spending will be earmarked for jobs creation. In 2000 the sum is to be increased to R1.2 billion and in 2001 to R1.5 billion. But this may not be good news. In fact there is…

ECONOMIC FREEDOM IN SOUTH AFRICA 1998-99

29 Sep 99  
By Henry Kenney, Senior Lecturer in Business Economics at Wits University The end of the century and the end of socialism As the end of the century approaches there is some good news: this time Nostradamus got it wrong, or perhaps so did his more apocalyptic interpreters. By now it…

PRIVATISATION IN SOUTH AFRICA AND AFRICA

20 Sep 99  
By Leon Louw, Executive Director of the Free Market Foundation of Southern Africa. WHITHER SOUTH AFRICA AFTER MANDELA? According to the experts, the ANC is determined to turn South Africa into another black African economic disaster. It seems incapable of getting anything right. They are centralising power, nationalising…

FINANCIAL ADVISERS BILL

26 Aug 99  
Critique by Leon Louw, Executive Director, Free Market Foundation of Southern Africa THE CHOICE: PROSPERITY OR POVERTY Countries have a simple choice: their governments decide whether they will be rich or poor. If the South African government adopts legislation such as the Financial Advisers Bill it will, in effect, be deciding…