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To: BlackJack
The best things the South African government could do for all its citizens is to get the crime situation under control, to promote foreign investment, to promote local investment and then to stay out of the way. In considering this, they are going down the socialist Tanzanian path (which only furthered the impoverishment of the Tanzanian people). If the government takes these mineral rights, the predictable results will be a drop in foreign investment (who would invest, when that investment could be taken away from you at any time), massive corruption of the mineral industry (like Pemex in Mexico, or the oil industry in Nigeria), a massive brain drain of expertise from the country and a loss of competitiveness. South Africa is going down the tubes. It's too bad. It's got great people and great resources. Guess it has to learn the hard way (like most of the rest of Africa).
10 posted on 06/25/2002 4:35:07 PM PDT by yendu bwam
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To: yendu bwam
I lived in Ghana ....1958-1964 ......Kwame nationalized .......ruined
the economy.
16 posted on 06/25/2002 4:44:01 PM PDT by BlackJack
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To: yendu bwam
The problem with Africa is they simply don't learn period. An entire continent basically non-productive. The state of California probably grows more food and creates more wealth than the entire African continent.
26 posted on 06/25/2002 6:11:52 PM PDT by Tailback
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