Peter Bruce recently pointed to something in the Stellenbosch water of the late 1960s and ’70s that produced so many rand billionaires (“That Stellies route to billions is gone — and it’s undesirable (”, July 27).

They would not have been inspired by some professor of economics enthusiastic about the power of free markets telling them to do good for the nation by getting rich. They are far more likely to have been told the opposite: markets will not work nearly well enough and any faith in entrepreneurial flair would be entirely misplaced. ..

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