Dear friend of the FMF
In this week’s feature article, author Martin van Staden clarifies the erroneous semantics relating to the word capitalism. He says that “Capitalism is a term that was given its meaning by those who oppose it – chiefly Marxists. A far better way to conceive of capitalism is to use the more descriptive terms “free market”, “free enterprise”, or simply “voluntarism”.” He suggests that government should return to the kind of policies that brought about increased freedom and economic growth between 1994 and 2000.
South Africa is not capitalist, but needs to be – MARTIN VAN STADEN
To say that South Africa is a capitalist society is popular among journalists, politicians, and trade unionists. If capitalism is understood to mean a system of free and voluntary engagement without third-party interference, the notion that South Africa is capitalist is false. This false belief has been used to justify far more government intervention in the economy than is necessary, and has led to stagnated growth and destitution. The truth is that South Africa is a social democracy fast approaching socialism. It is more important today than ever before for us to apply the brakes to expanding government and adopt a free market.
Robert Vivian and Leon Louw – FAIS: the harbinger of things to come
Wednesday, 18 April 2018 EVENING EVENT – Professor Grietjie Verhoef – New research - history of strong African entrepreneurship held back by powerful constraints @17h45 @ FMF – RSVP http://www.freemarketfoundation.com/View-Event?i=176
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Publish date: 04 April 2018
The views expressed in the article are the author’s and are not necessarily shared by the members of the Foundation.