HavocXphere
Honorary Master
This is a two part question, please answer both. Firstly, how much longer should it last in your opinion? Secondly, how much longer will it last in your opinion?
Clearly there are currently imbalances in the country. Just looking at the crowd in a random restaurant or a private school & its obvious that the money is not distributed anything close to representative of the demographics of the country. Looking at the Gini Coefficient (an economic measure of inequality), inequality is bad & has been worsening since 1996. Thats for the country as a whole & not split by race so its not exactly ideal for this discussion but essentially it says the poor are getting poorer. And since the poor happen to be predominately black in this countries this leads me to believe that the situation is getting worse instead of better despite BEE/EE/AA. I'm not even sure we'll ever get there with the current measures...they seem totally misguided anyway: A few BEE fatcats/consortiums get richer while the man on the street wonders what happened. This is all from a purely economic point of view. The living standards of the poor I think, we can all agree have increased dramatically in the past few years (Water, electricity etc). Its a bit tricky because the stats are distorted by AIDS so we didn't see a rise in life expectancy as would be expected. Also, this post is purely a test to see who reads before commenting. So if you've read this far end your post with a comma instead of a full stop to indicate this & keep quiet about it. Naturally over the long term, balance will return to the wealth distribution even if the current systems are completely ineffective. No idea how long that will take seeing how better education etc can presumably maintain the status quo for quite a while.
Note: This is BEE/EE/AA in its current form. If you're envisaging any modifications in your predictions then please make that clear.
Clearly there are currently imbalances in the country. Just looking at the crowd in a random restaurant or a private school & its obvious that the money is not distributed anything close to representative of the demographics of the country. Looking at the Gini Coefficient (an economic measure of inequality), inequality is bad & has been worsening since 1996. Thats for the country as a whole & not split by race so its not exactly ideal for this discussion but essentially it says the poor are getting poorer. And since the poor happen to be predominately black in this countries this leads me to believe that the situation is getting worse instead of better despite BEE/EE/AA. I'm not even sure we'll ever get there with the current measures...they seem totally misguided anyway: A few BEE fatcats/consortiums get richer while the man on the street wonders what happened. This is all from a purely economic point of view. The living standards of the poor I think, we can all agree have increased dramatically in the past few years (Water, electricity etc). Its a bit tricky because the stats are distorted by AIDS so we didn't see a rise in life expectancy as would be expected. Also, this post is purely a test to see who reads before commenting. So if you've read this far end your post with a comma instead of a full stop to indicate this & keep quiet about it. Naturally over the long term, balance will return to the wealth distribution even if the current systems are completely ineffective. No idea how long that will take seeing how better education etc can presumably maintain the status quo for quite a while.
Note: This is BEE/EE/AA in its current form. If you're envisaging any modifications in your predictions then please make that clear.