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Article: South Africa's War Against Capitalism.
- Article from:
- National Review
- Article date:
- January 22, 1990
- Author:
CopyrightCOPYRIGHT 1990 National Review, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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South Africa's War against Capitalism
* If you were a white South African businessman, one with entrepreneurial proclivities and without racist blinders, you might very well despise apartheid. You'd realize how surely the system picks your pocket. Because that nation's black majority is unable to function actively as either a profit-aiding consumer market or as a cost-reducing labor market, whites receive diminished return on investment, and spend more to acquire goods and services; that's the cost of protecting white "privilege." The mechanisms of this protectionism are at the heart of apartheid, and they define, as Walter E. Williams summarizes in the title of his ...