Undo Nelson Mandela's economic deals
Patrick Bond, Professor of Political Economy at Wits University, says that South Africa should undo the economic deals made by former President Nelson Mandela during South Africa's transition to democracy, to save the country from further economic difficulties.
Professor Bond, who drafted government's Reconstruction and Development Programme White Paper in 1994, spoke to #NightTalk's Gugs Mhlungu and Sizwe Dhlomo, about his piece in _The Conversation, _which highlights some of comprises made in the country's transition to democracy in the early to mid 1990s which have contributed to crippling the country's economy.
He says that to recover from its economic difficulties, which have partly been enabled by the economic compromises he describes, South Africa needs to undergo a radical economic transformation.
Listen to the full interview below
President Mandela and Jay Naidoo (then Minister responsible for the Reconstruction and Development Programme) were up against residual white power, big business and rhetoric that came with globalization will be goodProfessor Patrick Bond
Is it worse to be captured by the Guptas, by the Ruperts, or I would argue, by Moody's?Professor Patrick Bond
Even students know the power relationship in which whites got richer and blacks got poorer during Mandela's presidency are a reflection of the need to undo those kind of deals of the 1990sProfessor Patrick Bonds