South Africa's War Against Capitalism.

National Review | January 22, 1990| | Copyright

South Africa's War against Capitalism

* If you were a white South African businessman, one with entrepreneurial proclivities and without racist blinders, you might very well despise apartheid. You'd realize how surely the system picks your pocket. Because that nation's black majority is unable to function actively as either a profit-aiding consumer market or as a cost-reducing labor market, whites receive diminished return on investment, and spend more to acquire goods and services; that's the cost of protecting white "privilege." The mechanisms of this protectionism ...

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