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How Mandela Shifted Views on Freedom of Markets
Keywords:
Sorkin looks at Mandela's shifting views on nationalization after talking to the Communist leaders of China and Vietnam at a Davos meeting in 1992. They asked him why he was talking about nationalization when they were considering privatizing state enterprises. He looks at the foreign investment attracted by South Africa and where free markets have fallen short in the income gaps between whites and black people.
Mandela, free markets, foreign investment and South Africa
12/09/2013
The shifting views of Mandela on nationalization after talking to the Communist leaders of China and Vietnam at a Davos meeting in 1992. They asked him why he was talking about nationalization when they were considering privatizing state enterprises. Sorkin looks at what free markets have achieved and what has not been achieved since 1994 in South Africa.
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Ross Sorkin gives the example of Mandela changing his thinking on nationalization when confronted with the facts and Friedman points out Mandela's vision in giving whites a sense of pride in the new South Africa. Friedman goes further to compare this with the effort to get just enough votes to win elections, zip code by zip code using computer generated data on demographics and other parameters, that he sees in the U.S..
Linked Articles
How Mandela Shifted Views on Freedom of Markets
New York Times 12/09/2013
New York Times 12/10/2013
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