Tension between radical new ideas threaten to break social contract further
Modern monetary theory, universal basic income and cryptocurrencies pose threat to trade-off
The social contract that holds the SA democratic nation state as we know it together is under threat.
This social contract is premised, in its most simple terms, on a trade: citizens pay protection money, in the form of taxation, and submit to the rule of the democratically elected state, which provides physical and fiscal protection in the form of maintaining and enforcing law and order and, increasingly, providing welfare entitlements and social safety nets...
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