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Free Market Foundation Quarterly Review October – December 2011

29 December 2011
FMF
Free Market Foundation Quarterly Review October – December 2011…

OECD-style housing subsidies not a solution for SA

21 December 2011
A friend of mine felt very unhappy after he read an article in The Independent earlier this month. The article covered the recently released report by the Organisation for Economic Co-operation and Development concerning the Johannesburg metropolitan area. http://www.iol.co.za/news/south-africa/gauteng/living-in-gauteng-has-hefty-price-tag-1.1190254?ot=inmsa.ArticlePrintPageLayout.ot My friend felt stung by the opening paragraph of the article: “Gauteng…

Three Cheers for Civilisation and Free Markets this Festive Season

21 Dec 11   Eustace Davie
As you open your gifts this festive season, or tuck into your dinner, take a moment to think about the extent to which free markets have made this possible. Probably, people from all over the globe have been involved in helping you enjoy your day; people you don’t know and…

Michael O’Dowd on the SA economy – August 2000

16 Dec 11   Michael O?Dowd
In considering the general state of the South African economy, it is essential that we should recognise that South Africa is a middle level performer. While it is not one of the high flyers, what used, absurdly, to be called miracles, it is even further from the basket cases, and…

Shining a light on local content

15 Dec 11   Jasson Urbach
Last week, the amendments to the Preferential Procurement Policy Framework Act (PPPFA) came into effect. The new amended Act gives the Department of Trade and Industry (DTI) the power to cherry-pick certain sectors and products within the South African economy for special privileges. More specifically, states the Act, “An organ…

Current and apartheid land-tenure restrictions compared

07 Dec 11   Gary Moore
Attorney Gary Moore was recently asked to explain the restriction that current critics of the government’s land policy are talking about when they say that the government in substance imposes on blacks the same land-tenure restrictions as were imposed under apartheid. Mr Moore responded: “We explain this as follows. The government…

Property rights now to ensure a better future for all

07 Dec 11   Jasson Urbach
For most of human history, life was nasty, brutish and short. If you wanted something from your ‘neighbour’ you simply took it – with force if necessary. With no laws to guard the fruits of your labour or any property that you may have acquired, you lived in constant fear…

Capitalism needs a sound money foundation

02 Dec 11   FMF Policy Bulletin
Should we return to the gold standard? With Congress getting ready to pay for 40 per cent of 2009 federal budget expenditures with money created from thin air, inflation is imminent. Our money will lose its capacity to serve as an honest measure, a meaningful unit of account or to…

Climate Change: A Siege Gun of a Book

01 Dec 11   Alwyne Todd
The Delinquent Teenager Who Was Mistaken for the World’s Top Climate Expert is a book about climate change and the claimed thoroughness of the reports issued by the IPCC. “95% of world scientists agree;” “the science is settled;” “the time for discussion is over.” Such expressions dominate debate on climate change.…

Lies, damned lies, and “the evils of capitalism”

30 Nov 11   Eustace Davie
Capitalism, free markets and economic freedom, if these terms are treated as being synonymous, mean that all property and the means of production of goods and services are owned and controlled by individuals. It also means voluntary exchange between individuals free of third party intervention, in other words, individual self-ownership. It…

Trade, protectionism and the lack of sound money

25 Nov 11   Eustace Davie
We have never heard a poor person, or any other for that matter, complaining about being able to access cheaper goods. And yet so many people in SA love to hate the Chinese for giving us cheaper clothing. Because local manufacturers cannot produce clothing as efficiently and as cheaply as the…

Labour: Time for government to start listening

17 Nov 11   Temba A Nolutshungu
The FMF published an article more than a year ago saying that it was crisis time in South Africa. The country’s greatest crisis lies in the large-scale unemployment that is causing havoc in the lives of millions of people. The situation has not improved. In fact, it is being made…

Is Buying Local Really Lekker?

17 Nov 11   Jasson Urbach
According to a Business Day news article by Setumo Stone (Buy-SA bid to channel billions to local companies, 1 Nov. 2011), “Business, the government and labour signed an accord on local procurement on Monday, pledging to increase their purchasing of goods and services from South African producers to an "aspirational…

Iniquity of Labour Laws Today and the Land Act in 1913

09 Nov 11   Eustace Davie
It is a different time and we have a different government but history in this country is being repeated. Labour law in South Africa today is wreaking the same havoc on the millions of unemployed as the 1913 Land Act did on black sharecroppers. Like those victims of the past,…

Nationalisation is Not the Path to Justice for All

09 Nov 11   Temba A Nolutshungu
For the first 19 years of its existence, the Free Market Foundation (FMF) argued, cajoled and pleaded for the total dismantling of the apartheid system and the establishment of true democracy in South Africa, with universal suffrage and a constitution that would highlight the principle of limited government, so…

Good Governance

04 Nov 11   Eustace Davie
Governments face difficult decisions in formulating economic policies. Not only do they receive conflicting advice from economists and policy analysts putting forward very different, even totally opposite solutions to economic problems, they also have to contend with sometimes ill-considered or partisan pressure from their political supporters. Politicians are subject to perverse…

Economic Freedom Defined

04 Nov 11   Leon Louw
George Orwell could not have predicted when he wrote 1984 that his fictional concept of words being mangled by “newspeak” to mean their opposites would ever become a reality. Well, it has, right here in South Africa. Just as he imagined that “freedom” became to mean slavery in his fiction,…