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
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...
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.