irisatrx

Obama's Treasury Nominee Should Signal Policy Direction

Workers of the world, UNITE!

This drivel about Nelson Mandela's remedies for South Africa should be tossed in the garbage. South Africa -- pre-Mandela, had one of the strongest economies in the world, and stood as a guidepost for import substitution and self reliance. Corporations from around the world flocked there because it represented a dynamic economy, with unlimited potential.

And then, the NYT gave us Mandela.

South Africa has now plunged to the depths of economic despair, with an unruly population and one of the highest crime rates in the world. International investment has pretty much ceased, and corporations have reduced their presence significantl


But, Apartheid has been obliterated, so, all the residents are now equal, though some are more equal than others.

Can we look forward to similar developments with Obama at the helm?
If the post-election stock market is any indicator, I'd say we might have a problem.

We're now politically correct -- just like South Africa. Will our economy follow South Africa's example?