South Africa needs an economic revolution - Government agencies cannot improve on the competitiveness of open markets.
, about the widely held myth that the Industrial Revolution in 18th century England was evil, which he contended was a persistent but mistaken myth.
The truth was that the earnings of workers in the new factories brought about a substantial improvement in the lives of their families. It went further, the Industrial Revolution brought about a significant improvement in the lives of the entire population of England.What can South Africa learn from those historical events? The first lesson would be that the peaceful revolution was carried out by industrialists and not by the government.
The corn laws, which were in place between 1815 and 1846, prohibited the importation of corn to prevent competition with local farmers. The laws drove up the price of corn-based products to consumers and represented the worst intervention inflicted by the English government on manufacturers and their customers during this period.
The incursions by China into Hong Kong policies are expected to reduce Hong Kong’s freedom ranking when the 2020 analysis becomes available.Given the negative effect of the Covid-19 lockdown on education of young South Africans, it cannot be business as usual when the situation returns to a semblance of normality. It will take a special effort on the part of educators to make it possible for young scholars to catch up on the schooling they have lost.
According to the International Labour Organisation , South Africa has the highest unemployment rate in the world. This means that there are many young people who are members of families with little or no income. Such a situation does not bode well for the ability of children from such households to attend school and concentrate on studies.
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