DUMA GQUBULE: We need a new way of thinking to tackle economic challenges
Our political parties are missing the shift happening elsewhere, like embracing the Modern Monetary Theory which has gatecrashed the mainstream of economic discourse
While SA’s three main political parties — the ANC, DA and EFF — have released election manifestos that do not include a single new idea or proposal that can get the country out of its worst post-apartheid economic crisis within the next year, there has been a political earthquake in the US, where a shift to the left in the Democratic Party has resulted in Congress passing a Green New Deal resolution whose ambition is breathtaking. The Green New Deal is premised on the realisation that the US now faces the moral equivalent of war in the twin crises of climate change and inequality, according to New Consensus, a think tank that is developing the policy details. It will be the most ambitious national project since the original New Deal and World War 2 mobilisation. It calls for a 10-year national mobilisation to achieve a transition to 100% renewable energy; the achievement of universal healthcare (Medicare for all) and education (free college tuition); and the establishment of a job g...
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.