LETTER: Why make inclusion obligatory?
Lumkile Mondi appears to make a case for mandatory responsibility rather than free market outcomes
Lumkile Mondi laments that “SA capitalism fails to transform itself into an inclusive dynamic system of accumulation” and that “elite capital forgets its place in the broader society” (“Mutual benefit and elite capitalism’s failure (https://www.businesslive.co.za/bd/opinion/columnists/2019-09-11-lumkile-mondi-manuel-moyo-fiasco-pregnant-with-failures-of-elite-capitalism/)”, September 12).
While he is correct that capital produced by enterprise is a vital ingredient to growth and thereby benefits the “broader society”, that is the less fortunate or less enterprising, he appears to make a case for a kind of mandatory responsibility rather than the realistic, synergistical outcome of a free market in which capital accumulation can thrive...
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