FMF Newsletter - 1 September 2021

1 September 2021

Freedom of the World (EFW)

New study shows increased economic freedom leads to greater income mobility for workers and entrepreneurs

FRASER INSTITUTE on Economic Freedom of the World (EFW)
Economic Freedom promotes upward income mobility


Economic growth requires an environment in which prices are freely formed 
– Eustace Davie

Prices, when left alone, "miraculously" direct all resources, including labour and capital, to their most productive uses.

Examine the South African economy to find any activities that are carried out on a basis of voluntary exchange between individuals, under circumstances where peaceful exchanges are not interfered with by bureaucratic action, where prices are arrived at wholly by agreement and I will acknowledge those activities to be capitalistic. I would then defy anyone to show how these activities are causing harm to the population at large.

INVITATION... Up coming Live Podcast


WATCH... Free Marketeers video below


FMF is pleased to report that an amended Constitution was adopted at the 19 August 2021 Special General Meeting (SGM). One amendment was made to the proposed amendments: In Clause 4, “Executive Committee” was replaced with “Board”. The clause now reads: The head office of the Foundation will be situated in Johannesburg or at such other place within the Republic of South Africa as the Board may decide.
46 members attended the SGM, the majority virtually; 23 voted as proxies for one other member each, bringing the total possible votes to 69.
A motion to postpone the SGM was tabled: 82,61% opposed and the meeting continued.
An indicative vote regarding several membership and proxy clauses was held: 85,94% approved the clauses.
The main resolution – resolved that the existing constitution of the Foundation (the “Existing Constitution”) be and is hereby replaced by the new constitution (the “New Constitution”)… – was passed with 84,38% voting in favour.
The Constitution may be read

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