political economy

Overcoming the temptations of Neo-volkskapitalisme: Part 2

How do we escape the vicious cycle of narrowly-conceived, identity based, excessively statist economic strategies? I would start by acknowledging the proper role of the state in economy and society. The state cannot shy away from its task of building capabilities in the economy to create the conditions for sustained development and growth. This is what the original volkskapitalisme got wrong. It was built on wealth creation through exploitation and exclusion, creating a government- and monopoly-dependent class.

Full article at the Daily Maverick: Overcoming the temptations of neo-volkskapitalisme

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