The speech distributed to the press at Nkosazana Dlamini-Zuma’s address at Gibs on August 29 was a communist manifesto. The economy must not be in the hands of a minority — black or white — but in the hands of a democratic state. This is a textbook definition of communism. In a capitalist country, the business leaders of the private sector are of necessity a "minority". In the US, Jeff Bezos and Elon Musk – and others in the group of high-performing technology stocks — are most definitely a minority. Yet they control, through their minds not their hands, new and growing sectors of the US and world economy. I wonder how Dlamini-Zuma envisages innovation occurring in her South African paradise? Will the state innovate? The looting in the state is certainly innovative, but that’s it. If the state can’t innovate, will it seize innovating sectors of the economy after they have got going? Who in his or her right mind would apply their entrepreneurial efforts in SA? Perhaps Dlamini-Zuma do...
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