"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Nelson Mandela and the Economics of Apartheid
Peter Klein, in a radio interview, discusses Mandela's inaccurate view of Apartheid as a "capitalist" economic system.
Print- Login to post comments
- Don Stacy's blog
User Login
Search This Site
Recent comments
Root Strikers
Non-Voting
Civil Disobedience
Reprint Rights
Comments
A good one, Don. How, indeed, can the free market be confused with a system of government rules about racial segregation?
Even if Marx invented the term so as to discredit it, I still think "capitalism" is a useful shorthand for the practice of saving money (postponing consumption) so as to grow a business. But like many terms including "liberal" it's sadly necessary to define them when putting them to use.
Walter Williams wrote a good book on this theme a few years back: South Africa's War Against Capitalism.
Thanks for the introduction to Walter Williams's book on this theme.