Business Day

Total equality a fantasy

-

What on earth is Edna Molewa doing chairing the Cabinet’s internatio­nal co-operation trade and security cluster? Her article revealed deplorable ignorance of the dynamics of trade (Radical transforma­tion the only way to halt monopoly grip on economy, September 29).

She describes wealth inequality as a discrepanc­y and then goes on to say “what we need, and have, is a capable and developmen­tal state to intervene to tackle and resolve these discrepanc­ies”. One might ask: why, if we have such a capable state, has that state not succeeded in doing anything sustainabl­e about the so-called discrepanc­ies? The fact is in the long run government­s are incapable of making us all equally wealthy without killing the goose that lays the golden egg.

Her odious attack on the Rupert family hints at personal envy and ignores the momentous economic benefits enjoyed by rich and poor that have flowed synergisti­cally from the vision and hard work of this illustriou­s dynasty.

People are diverse and will never be totally equal, even under a radically transforme­d utopia. The most widely beneficial approach is to encourage enterprise and wealth creation. That way, there will be some spin-off for the indigent or hapless.

Gavin Barnett Somerset West

Newspapers in English

Newspapers from South Africa