This is not sustainable, we all know that. We need radical economic transformation - we all know that as well. Desperate populism isn't the answer. No matter how much force is brought to bear on the productive units in our society, it will not change the outcome. Simply because that force works in the opposite direction to the force that gives impetus to the productivity. The more force applied to achieve economic outcomes not driven by economic logic, the faster the demise of the enforcer, and the economic ecosystem with it. You cannot force banks to lend money. If you do, you remove the responsibility that underpins sound lending - the outcome is obvious. Perhaps a different approach to charters and allocations and expropriations should be considered? Feed the successful players in the economy, don't restrain them and apply rules to them that discourage foreign investment. Profit pays tax and employs people. Profits fill the purse. What the state does with tax revenue will be the ...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.