South Africa’s political monopoly has been broken: could it help the economy?

By Imraan Valodia, Pro Vice-Chancellor: Climate, Sustainability and Inequality and Director: Southern Centre for Inequality Studies., University of the Witwatersrand

Over the last decade or so there has been something of a revolution in economics. The long held belief that unfettered markets deliver good outcomes for all is now overwhelmingly discredited.

Some of the most prominent economists in the world have been changing their minds about the efficacy of markets. A Nobel Prize-winning economist at Princeton University, Angus…

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