But a social compact on the economy is needed for radical economic transformation to gain traction
Report on the divide between rich and poor makes weak suggestions about how to fix it.
The continent needs to future-proof itself by crafting a new, inclusive socioeconomic system.
In his latest book on economic and social inclusion, Vusi Gumede addresses the question of how to get the country back on track.
This starts with the economy. And a look back at 20 years of our founding document reveals how far we have come and how far we still have to go.
Even with the hegemony of global capital, a keen understanding of the political economy can lead to South Africa’s development, writes Vusi Gumede.
Africa relies on policies that have failed – even in the countries it borrowed them from.
Policy paralysis and compromises mean inclusive development continues to elude the country.
In the government’s description of radical economic transformation, actually, there is very little economic transformation, let alone a ‘radical’ one.
The continent needs a new economic model that will benefit all its inhabitants – not just a few, writes Vusi Gumede.