External investors are put off by the ANC Government’s mad interference in the private sector. As an overseas investor I have declined three projects in SA because a) I don’t provide equity to people who have not earned it - like me, the State Capture and unnecessary reach of Government into business regulations are simply not needed, get a grip SA, get out of our way, you will raise more revenue and you will allow businesses to flourish - or is there something wrong with that wish!….
The people in government are not fools, they know that allowing people to negotiate contracts freely would lead to more jobs and more investment. I am starting to think unemployment is kept high intentionally, in order to trigger a revolution. I am not saying that is what is definitely happening, it's just hard to see why anyone would look at our labour market and think: let's double statutory severance pay, making it harder to get rid of people will lead to more being hired.
Nicholas, I refer to the article at the link below, which I read at the same time as yours. I suspect that Johan's conclusion, i.e.: “Those people noticed when their world changed. They acted on the change.
That is the discipline at its best: a way of taking seriously the choices of people in markets, including the people the law refused to count as people”, may well be applicable to your scenario as well.
Of course my assumption needs to be vigorously tested, but I also regard many State employees in South Africa as “bound” to the State in ways similar to the real slaves Johan referred to. Some private sector employees may be in a similar position on account of Trade Union power and our current labour laws, also “binding” employees to employers by means of the over-protection of labour.
My hypothesis is thus that doing what you suggests, will have a similarly beneficial effect; i.e. the “bonded" State and other employees will be forced to "notice it and act on it." The result will be a tremendous South African labour market normalisation/readjustment in a pro-growth direction.
External investors are put off by the ANC Government’s mad interference in the private sector. As an overseas investor I have declined three projects in SA because a) I don’t provide equity to people who have not earned it - like me, the State Capture and unnecessary reach of Government into business regulations are simply not needed, get a grip SA, get out of our way, you will raise more revenue and you will allow businesses to flourish - or is there something wrong with that wish!….
The people in government are not fools, they know that allowing people to negotiate contracts freely would lead to more jobs and more investment. I am starting to think unemployment is kept high intentionally, in order to trigger a revolution. I am not saying that is what is definitely happening, it's just hard to see why anyone would look at our labour market and think: let's double statutory severance pay, making it harder to get rid of people will lead to more being hired.
Nicholas, I refer to the article at the link below, which I read at the same time as yours. I suspect that Johan's conclusion, i.e.: “Those people noticed when their world changed. They acted on the change.
That is the discipline at its best: a way of taking seriously the choices of people in markets, including the people the law refused to count as people”, may well be applicable to your scenario as well.
Of course my assumption needs to be vigorously tested, but I also regard many State employees in South Africa as “bound” to the State in ways similar to the real slaves Johan referred to. Some private sector employees may be in a similar position on account of Trade Union power and our current labour laws, also “binding” employees to employers by means of the over-protection of labour.
My hypothesis is thus that doing what you suggests, will have a similarly beneficial effect; i.e. the “bonded" State and other employees will be forced to "notice it and act on it." The result will be a tremendous South African labour market normalisation/readjustment in a pro-growth direction.
https://johanfourie.substack.com/p/running-towards?utm_source=share&utm_medium=android&r=5yb7i8