The 54th ANC conference speech by President Jacob Zuma is revealing. Here is a man without hatred of the other. He cannot drum up much enthusiasm for the mandatory condemnation of the West. He dredged up tired class struggle pronouncements of Karl Marx from over a century ago. But he lives in a bubble. He cannot relate SA to the world, despite our celebrated membership of Brics. He seems to be saying we are doing well in merely not imploding. He and his party have failed on every count that matters. Up to three-quarters of our young children cannot read. Our growth rate is one-fifth of the world average. Our unemployment rate is five times the average. Our murder rate is also five times the global average. His speech theme was radical socioeconomic transformation of the economy. He seems unaware that a modern economy is not a form of property with a structure. The economy is an activity, not an asset. By far the most important is intangible property, or, as the National Development ...
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