FMF NEWSLETTER 7 SEPTEMBER 2017
Dear friend of the FMF
In this week’s feature article, Martin van Staden explains that the concept of private property is not a Western import that opposes the “objective link” which African communities enjoyed with their property and land. Livestock and equipment were and are privately owned. Homesteads and the land which “they farmed and used daily” were generally inherited by the next generation and formed the basis for their system of property rights. Despite intellectuals engaging in semantic games, the truth is that “communal and private property are not opposites” This is “evident in the nature of the framework that private property provides: the owner(s) decide.”
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Quotable quote
“In the economic sphere an act, a habit, an institution, a law produces not only one effect, but a series of effects. Of these effects, the first alone is immediate; it appears simultaneously with its cause; it is seen. The other effects emerge only subsequently; they are not seen; we are fortunate if we foresee them. “There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen. “Yet this difference is tremendous; for it almost always happens that when the immediate consequence is favorable, the later consequences are disastrous, and vice versa. Whence it follows that the bad economist pursues a small present good that will be followed by a great evil to come, while the good economist pursues a great good to come, at the risk of a small present evil.” – From an essay by Frédéric Bastiat, “That Which Is Seen and That Which Is Unseen,” 1850
Private property is a fact of life, not a ‘Western’ creation – MARTIN VAN STADEN
Wednesday, September 27 EVENING TALK – Garreth Bloor – Local government legislation towards creating an enabling environment in cities @18H00 @ FMF – RSVP http://www.freemarketfoundation.com/View-Event?i=158
27-29 October Libsem Wakkerstroom (non-FMF event) This year’s libertarian seminar will be held at Papillon in Wakkerstroom from 27-29 October. The registration which includes 3 lunches, teas and coffees is R450 per person. For more information, please contact Frances Kendall on fkendall@icloud.com
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How the government is throttling land reform NHI: How is government going to solve the public-health puzzle? Universal health coverage and private hospitals are not mutually exclusive
Media digest AUGUST 2017 for all media coverage
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Temba A Nolutshungu – Time for South Africans to live and let live Temba A Nolutshungu – Statist ideologies vs Individual sovereignty Russell Lamberti – South Africa: failing economy and life after the downgrade Jasson Urbach & Johann Serfontein – NHI pie in the sky Martyn Davies and Leon Louw – The secret of China’s success: innovation and entrepreneurship South Africa: The Solution (1987) Twin Peaks - how Treasury will cost SA an additional R4,8bn per year FMF – A constitution worth fighting for (1996) Leon Louw – Radical Economic Transformation Rex van Schalkwyk – Rule of Law 1 of 2 – What it is not Rex van Schalkwyk – Rule of Law 2 of 2 – What it is
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Publish date: 08 September 2017 Views: 106
The views expressed in the article are the author’s and are not necessarily shared by the members of the Foundation.