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this post was submitted on 03 Oct 2023
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Asklemmy
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We've had that for thirty years
Look up on BBBEE
The EFF are the kinds of politicans that go to the rich and promise them more money, then go to the power and promise to redistrubute the money. In the end they are the only ones getting money
Am I reading this wrong, or is it more about preferential access to procurement deals than a straight-up transfer of wealth? I mean, that's good too, but obviously it hasn't made much of a dent in the inequality.
Yeah, corruption is definitely still a thing. In other democracies it gradually gets worked out over the decades. Once there's more than one party in play in SA I have no reason to think it won't work the same way.
Retransfer of wealth is how we end up with 1 trillion dollars being written on a bill
The correct country-code is ZA (Zuid-Afrika), Saudi Arabia has SA
I'm pretty sure I explicitly addressed Zimbabwe in OP. Leaving white people alone to hoard our looted colonial treasures is not a valid option.
I know someone who knows a farmer who, during the stupud zimbwabwe times, had his land redistributed. The land was used for nothing except selling it back later
Yeah, I know, that was also bad. To reiterate:
In Zimbabwe they forced the transfer all at once and there was no black people to take the stuff who could actually operate it, so it got sold off for parts. And then, of course, they tried to solve their economic woes by printing ever more money.
I'm guessing the middle road would be a 5% tax or something on the incomes of non-BEE businesses. That way, there would be no catastrophic transition, but with any luck BEE-compliant businesses would grow at a steady pace, and eventually I could actually walk around outside gated neighborhoods without worrying about vigilante redistribution.
I have family over there, but I've never been, so I guess I should end by saying this is just armchair general-ing. Obviously I don't get a vote.