With a watershed elections in SA in a few weeks, it is not surprising the economy in general and business in particular feature prominently in the political campaign. It’s the economy, stupid, as former US president Bill Clinton would say. Yet there are wider issues at stake here as well. Domestically and globally, “capitalism” is on the back foot, with strong antibusiness sentiment apparent in several countries. Economic history tells us this is not the first time market-oriented economies have gone on the defensive, nor will it be the last.

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