How to fix South Africa’s economy (by FT’s Chief Economics Commentator)

The Money Show’s Bruce Whitfield interviewed Martin Wolf, Chief Economics Commentator at the Financial Times, London.

Wolf wrote a column in the Financial Times about his concerns for South Africa’s economy and possible approaches to fix it.

Scroll down for quotes from the audio below.

Populist politics seem inevitable in this environment. Their solution is to expropriate wealth, but it will further damage everybody.

Martin Wolf

The choices politicians make are deeply connected to what is happening in the economy.

Martin Wolf

Government can’t go on borrowing. But it also has to find a way to grow the economy and employment in a way that looks fairer.

Martin Wolf

Government has to tax the old economy to support the creation of a new economy around the old one.

Martin Wolf

The only answer to populist politics is growth orientated politics.

Martin Wolf

It doesn’t appear that the current Government is capable of addressing South Africa’s challenges.

Martin Wolf

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This article first appeared on 702 : How to fix South Africa’s economy (by FT’s Chief Economics Commentator)


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