LETTER: Peter Bruce’s critique of localisation too narrow
Localisation is essential to uplift black people who have been sidelined by our skewed historic legacy
It is with great interest that I reflected on Peter Bruce’s criticism of the economic policy of localisation, with which I wish to disagree (“The mirage of localisation will lead to our ruin (https://www.businesslive.co.za/bd/opinion/columnists/2021-05-12-peter-bruce-the-mirage-of-localisation-will-lead-to-our-ruin/)”, May 12).
Bruce’s views may work well in a classical economic setting where the consumer is placed at the centre of policy and cost to the consumer is the only thing that matters. However, economic policy should be about more than cost, it should also create opportunity for those who have been excluded from the mainstream of the economy...
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