Economist Mike Schussler on SABC : Retrenchments loom in several sectors of SA econom - Page 2





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  1. #21
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    Default Re: Economist Mike Schussler on SABC : Retrenchments loom in several sectors of SA ec

    South Africa is not alone in this, switch to CNN, or Sky and pretty much every country in the world are having exactly the same problems with their economies and maybe even more serious interracial trust issues at them moment.

    In some ways we are way ahead that the US or UK. They are only now toppling " offensive" statues when SA did this a good 3 or more years ago and we have moved on.

    This is a Black Swan event we are living through and it will change the world for us and our children.

    Physiologically we all what someone to blame, Blacks are blaming whites and whites are blaming blacks all over the world meanwhile everyone is too ### scared to blame the ones actually responsible which is a country and race to the north of Indian for this. Except for Trump off course.

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  2. #22
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    Default Re: Economist Mike Schussler on SABC : Retrenchments loom in several sectors of SA ec

    Quote Originally Posted by Nico H View Post
    "Help to grow an inclusive economy - Ramaphosa tells white South Africans "This is what the ANC regime the "white South Africans" must do. How do he expect it will happen? The political statements by certain black " political party's and persons prorogate. If there was little progress sins 1994 when the regime took over how do they expect it will happen now? With no protection or support from the regime to the white South Africans what do they expect? Can all the black farmers provide food for the nation?
    This will give you a hint as to what to expect going forward although usual useless Ramaphosa, all bluster and no detail; yet. His mates in the ANC regime will be busy writing regulations to suit themselves; forget whites, the poor and just about everyone else except the cadres. As usual.

    https://youtu.be/a73EdDYDkt0

  3. #23
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    Default Re: Economist Mike Schussler on SABC : Retrenchments loom in several sectors of SA ec

    Quote Originally Posted by jelo View Post
    Where are those fools now that keep on saying you must re-engineer yourself ?
    They are in the ANC.
    Right from the first anouncement that here will be a Lockdown I had an uneasy feeling that this is going to be exploited by the ANC.
    I vaguely recall someone from the ANC refering to "never waste a good crisis" or something to that effect.
    My level of suspicion was raised further when Cyril anounced during one of the long rambling Covid political speeches that this can be the opportunity to "reset" the economy... to correct past injustices.
    Who thinks like that?
    This was backed up by other minister telling us that they will be applying for "Covid 19 financial assistance" because it can negotiated at better terms than any other loans available.
    Suddenly the figure of 500 Billion was anounced. How did they arrive at such a neat figure?
    Have they decided this is the ideal time to fill in the gaps in their fiscal policy while everybody is focusing on the pandemic.
    Will they ask the lenders in few years to write off the "covid aid" because they cannot "repay" it because SA have been reduced to junk status by the colonialists in the world.
    ....Its not their fault that they had to deal with a crisis they could not have anticipated it etc and need relief like every other country in Africa?
    In the mean time it must be very tempting...
    ...Hi guys we have 500 Billion on tap... surely we can use 30 Billion to top up SAA then we can install another "Dudu" to leak millions in "BEE" contracts. Perfectly safe because nobody has been found guilty of plundering any of the SOE's so why stop?
    The sums dont make sense, if a private covid test cost R1600/person and there are 59mil people in SA; to give each one a test would cost 94,400,000,000 or 94.4Bil
    But they have not done that; they have only done 1,328,060 tests at R1600/test it is 2,124,896,000 or 2.123Bil where will the remaining 497,875,104,000 be spent?
    Considering that the state hospitals and clinics are sponserded institutions that should be performing a service to the public they should not charge anywhere near the private lab test rates.

    Some how there is now more clarity about our future prospects than in the past.
    Cyril has made it very clear last week... BEE is going to be here forever.
    It is up to us to make it work... for us.

    We have to accept that the ANC is as racial as you can get.
    They like to tell us that it is embodied our constitution that we must be non racial society but then they create draconian laws and policies to restrict the white minority from doing business as they like because their forefathers colonised Africa 350 years ago and didnt give up that position until 1994.
    They like to forget that we were also colonised by the UK after a 3 year fight that cost us not only our economy but also thousands of lives.
    But we built it up again.
    Now they are busy trying to classify who are the most African amongst us.
    Because if they can figure that out they can award more rights to those people, and that is not racist?
    They seem to forget that the Khoisan and that era people were the first people here.
    I have not heard the ANC say that everybody that invaded the Khoisan occupied lands should return it to the original people, because then the black tribes will also have to return land that they occupy.
    They are not going to do that because the San is a minority whose rights they dont respect in the same way they would want to be respected.
    The narrow mindedness of the ANC bureaucracy has driven our countries economy to the edge of bankcruptcy.
    They need to pull in their fat cat belts, curb wasteful expediture, corruption and large scale incompetence.
    They have had their turn to run the country and it does not look good.
    If you have a pie that is sufficient to feed 5 people you must be insane if you believe that if you take it away from the 5 people you will be able to feed a 100 people.
    It does not work like that you need more pies!
    To get more pies you need more bakeries and more of everything that is required, that is how you grow an economy.
    The government should step out of the kitchen so that the economy can grow, create much needed jobs and provide income security.

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  5. #24
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    Default Re: Economist Mike Schussler on SABC : Retrenchments loom in several sectors of SA ec

    Just a point of correction - "we" didn't build the economy alone. And Covid is an internationally devastating phenomenon. Poor fundamentals, state capture and structural issues obviously exposed us more but one should be careful not to write the cheap, exploited labour out of history and say that economy building was a white-only project.

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  7. #25
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    Default Re: Economist Mike Schussler on SABC : Retrenchments loom in several sectors of SA ec

    Quote Originally Posted by El 4 Romeo View Post
    Just a point of correction - "we" didn't build the economy alone. And Covid is an internationally devastating phenomenon. Poor fundamentals, state capture and structural issues obviously exposed us more but one should be careful not to write the cheap, exploited labour out of history and say that economy building was a white-only project.
    I might have missed it, but canít recall a single post in this thread doing that.

    We can lull in the past mistakes and injustices for ever and a day, and make no difference to our current or future situation.

    Unfortunately it seems that whenever there are tough times that require a real visions and proactive approach, we turn to the eradication of the sins of the fathers in colonialism for which there is no reprieve.

    We need to recognise the limitations and failures of the current administration to allow for re-adjustment of our course, as we are currently lost in the desert, circling around to repeat the past until we are totally lost and left to face the fact of our slow agonising demise.

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  9. #26
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    Default Re: Economist Mike Schussler on SABC : Retrenchments loom in several sectors of SA ec

    Quote Originally Posted by SAND View Post
    I might have missed it, but canít recall a single post in this thread doing that.

    We can lull in the past mistakes and injustices for ever and a day, and make no difference to our current or future situation.

    Unfortunately it seems that whenever there are tough times that require a real visions and proactive approach, we turn to the eradication of the sins of the fathers in colonialism for which there is no reprieve.

    We need to recognise the limitations and failures of the current administration to allow for re-adjustment of our course, as we are currently lost in the desert, circling around to repeat the past until we are totally lost and left to face the fact of our slow agonising demise.
    I agree SAND; this is the typical way of debate in SA. Instead of addressing the issue raised, right or wrong, a deflection is introduced to direct attention away from the original argument.

    It is a classic ANC tactic. When discussing the state of the economy coupled with widespread incompetence and blatant corruption in government and SOE's, suddenly there is a racist problem, or a GBV problem, or a land issue; anything to divert attention from the real problems SA faces and the need for real solutions. It has been thus for at least 20 years.

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  11. #27
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    Default Re: Economist Mike Schussler on SABC : Retrenchments loom in several sectors of SA ec

    Quote Originally Posted by SAND View Post
    I might have missed it, but canít recall a single post in this thread doing that.

    We can lull in the past mistakes and injustices for ever and a day, and make no difference to our current or future situation.

    Unfortunately it seems that whenever there are tough times that require a real visions and proactive approach, we turn to the eradication of the sins of the fathers in colonialism for which there is no reprieve.

    We need to recognise the limitations and failures of the current administration to allow for re-adjustment of our course, as we are currently lost in the desert, circling around to repeat the past until we are totally lost and left to face the fact of our slow agonising demise.
    It was in the post above mine, in reference to rebuilding after UK colonisation after a 3-year fight. I may have understood "we rebuilt" incorrectly in that context but given the stuff going on a few years after in terms of dispossession, the fact that the UK had colonised SA before, and the mining labour exploitation years preceding that war, I am inclined to doubt it.

    It's quite easy to say to people on the wrong side of the worst inequality in the world to move on and take one for the team when you're on the right side of the world's worst inequality. Beyond the moral argument, the pragmatic part of that is trying to sell the idea of accepting inequality as a relic of the past. It just isn't. We know where the most educated teachers teach and don't teach. That is how inequality of yesteryear perpetuates itself. Through education inequality that leads to labour market inequality that leads to education inequality for the next generation that leads to poor labour outcomes again.

    If you can't sell the idea of severe intergenerational inequality being acceptable, how do you ever achieve political stability? And without political stability, how do you sustainably increase productivity, attract investors, and grow the economy? That's not an ANC argument. It's an economic argument. If somebody here has pragmatic solutions that can help forge an actual social compact so that most people in our country feel safe, useful and like they're working on a shared vision, that would be great. Again, not an ANC argument. Just thinking about it from an economist's perspective.

    And yes - I am very aware of current and previous administrations' massive failings.
    Last edited by El 4 Romeo; 2020/07/01 at 04:02 AM.

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