When there is an institution calling itself the Free Market Foundation, it has to live up to that.
The foundation of a free market is that the value of anything is the highest price at which a willing seller and buyer agree to contract. But Chris Hattingh (“David Rakgase’s farm victory good news (https://www.businesslive.co.za/bd/opinion/letters/2020-05-31-letter-david-rakgases-farm-victory-good-news/)”, May 31) ignores that when it comes to land, the seller is always less willing than the buyer, for land prices keep on rising above the consumer price index (CPI). An average suburban plot in Plumstead has risen 15 times since 1994 to R1m. CPI rose four times...
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