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South Africa's War Against Capitalism

Walter Williams

Presented at: TJS 1991

Date: Aug 04, 1991

Within a large segment of South Africa's population, apartheid is seen as an adjunct to capitalism. Hence, the solution is seen in a movement towards nationalization. This lecture shows that, to the contrary, apartheid was a struggle against market forces which were never completely suppressed, as evidenced by private measures to contravene, sabotage, and violate state edicts imposing apartheid. While apartheid is not yet finished, the question now is, what is going to replace it? As Frederick Bastiat warned, victims of injustice often "do not abolish legal plunder.... Instead, they emulate their evil predecessors by participating in this legal plunder."

economicspolitics

Parts: 1

Handout: none

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