Interesting blog, especially the point you make about how "it's all about the economy". You suggest following the American model. But here is the crucial question. As a superpower hosting a global key currency, can the United States not print money on their way to artificial success? This is, after all, their most important policy. Can South Africa do the same without pressure to devalue because of inflationary pressures? Also, while the United States has just 4 percent unemployment, South Africa is well over 33 percent. Isn't there something about the nature and structure of both economies that make them so different that copying a particular model makes it not just difficult, but unadvisable? These two countries have very different histories, economic structures, capital markets and therefore, modelling South Africa's economy against the US would be highly problematic, unless I am missing something.
Interesting blog, especially the point you make about how "it's all about the economy". You suggest following the American model. But here is the crucial question. As a superpower hosting a global key currency, can the United States not print money on their way to artificial success? This is, after all, their most important policy. Can South Africa do the same without pressure to devalue because of inflationary pressures? Also, while the United States has just 4 percent unemployment, South Africa is well over 33 percent. Isn't there something about the nature and structure of both economies that make them so different that copying a particular model makes it not just difficult, but unadvisable? These two countries have very different histories, economic structures, capital markets and therefore, modelling South Africa's economy against the US would be highly problematic, unless I am missing something.