NEW ECONOMIC SYSTEM
SA requires a paradigm shift to solve employment challenge
We are currently in an economic crisis that is overwhelming society. The essence of the global crisis was neatly captured in the theme for the 2018 World Economic Forum (WEF) meeting in Davos: Creating a shared future in a fractured world. On December 16 1974, the New York Times wrote: "When emerging crises first beset a society, there are calls for it to do a better job of following the ways of tradition. Large-scale tinkering with the system almost always follows. "If this does not work, breakthroughs in basic approaches must next be sought. But making such breakthroughs inevitably involves a re-examination, and often a restructuring, of fundamental assumptions and mental maps that underlie conventional wisdom." We seem, at this point, to be out of options to remedy our economic woes. What is needed is a whole new way of looking at things. In SA, recent reports by Oxfam and the World Inequality Lab confirm that we have one of the most unequal societies in the world, and that the s...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.