- Jul 18, 2008
… and the black middle class is allowing the ANC to move the burden of its economic incompetence on to the shoulders of its children.
It is difficult to talk about economics in South Africa without talking about race. The persistent legacy of apartheid means that economic realities were baked into the racial composition of our country and racial inequity is baked into our country’s economic structure. This pattern largely persists, like yeast that permeates a lump of dough.
So, while it is necessary to talk of economics in economic and numerical terms, such as GDP growth rates, fiscal deficits and sovereign debt levels, it is inevitable in our context to arrive at conclusions about their socioeconomic outcomes for particular race groups.
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