History tells us that land reform has only been successful at bringing dignity and economic growth to a society when it has been married to a respect for private property rights. We ignore this historical lesson at our own peril, writes Martin van Staden
Albeit with the benefit of hindsight, we can see that many of the decisions made in the past were doomed from the start, with warnings and signs of failure plastered along the route.
The last-mentioned clause, especially, would be catastrophic for the wellbeing of all South Africans. Society should be allowed to contemplate invasive changes in the affairs of people and their property over a longer period. Epstein acknowledges that the poorer conditions from which black South Africans hail will linger even in a free market, but he correctly foresaw that regulating the market, particularly the labour market, would not undo this damage.
Government, of course, has regarded these rights as giving it a host of powers to bring carnage to the economy.
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