There is a reason why economics is known as the “dismal science.” For all of the accoutrements of precision and exactitude, the reality is that much of economics is at least as much alchemy as science, and the supposed “laws” of economics are more like guidelines than immutable realities.
It is thus not surprising that Thabo Mbeki and some of his critics have such wildly varying views of his economic policies. Mbeki defends his record by pointing out the consistent, steady rates of growth of the South African economy under his watch and argues that his policies have prevented some of the econolic calamities experienced elsewhere. His critics, the SACP and COSATU chief among them, believe that he is not doing enough to address poverty and accuse him of being delusional about the direction of the economy.
Both arguments have merit, but when it comes to economic policies, I tend not to buy into what the SACP wants to sell. Mbeki has not done enough to embrace anti-poverty programs, and the gap between the haves and have nots, which continues to grow, is appalling. Nonetheless, the anti-liberalism pablum that the leftists on the Tri-Partite Alliance want to spew also leaves me cold. In an ideal world the government would continue on its course while expanding enough to embrace more ardent programs to address inequality, poverty, unemployment and the like.
A few months ago, I wrote about the early stages of the conflict in Ukraine through the lens of Sun Tzu’s The Art of War. While it appears likely that the war will carry on into the foreseeable future, enough time has passed for us to make an honest assessment of each side’s relative […]
The Ukrainian Army has made dramatic strides in the last few weeks. Ukraine’s tactical commanders have outfoxed their Russian counterparts, and by issuing a feint towards the south the UA has been able to earn substantial gains in the north of their country. The impact of these efforts have been compounded by the steady stream […]
In mid-May the Irish political party, Sinn Féin, won the plurality of seats in the Northern Ireland Assembly. Many American readers might not fully understand the significance of Sinn Féin’s political victory- but rest assured that subjects of the United Kingdom and a wide range of political movements the world over have heard the message […]
The first wave of the Russian offensive in Ukraine has fallen short of Russian autocrat Vladmir Putin’s ambitions. Most analysts deduced that Putin had hoped to achieve a decapitation strike of the Ukrainian government- taking Kiev and replacing Ukrainian President Vladimir Zolinski with a pro-Kremlin voice. Kiev has been threatened repeatedly through the course of […]
On the weekend of March 26th, the notorious MS-13 gang went on a massive killing spree in El Salvador which left more than 70 people dead by Sunday. Even for a country where powerful gangs hold massive sway, this recent tragedy stands out considering that it was the bloodiest day on record since the civil […]
