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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
New From CFR: John Campbell on South Africa’s Economy
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On his blog yesterday, CFR senior fellow John Campbell highlighted an article co-authored by Moeletsi Mbeki, deputy chairman of the South African Institute of International Affairs and brother (and frequent critic) of former president Thabo Mbeki. As Campbell writes, the piece argues that South Africa’s 1994 political transition did not change the structure of its economy, leading to unrest today. As Campbell summarizes:
The ANC [African National Congress] has bought on to the unstable status quo, even while resentment against it is building among the poor and dispossessed who continually vote them into office. But, Mbeki posits no easy solutions: he observes that government efforts to radically redistribute wealth as advocated by radicals like ANC Youth League Leader Julius Malema will simply lead to owners taking their money elsewhere–outside South Africa.
You can read the full post here.
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