THE MONEY
PETER ATTARD MONTALTO: What counts for SA investment is not numbers but the X factor
The scale of unemployment and inequality in SA is such that you cannot “start somewhere” with large set-piece investments and hope things percolate downwards
02 February 2020 - 18:04
SA has its own odd version of the “economic calculation problem”.
The problem reflects that the lack of a price mechanism balancing supply and demand cannot be replaced by a full knowledge of the economy in a socialist system and trying to count and record demand and supply through other means...
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