What South African needs is a mixed economy. Taxes should be pured directly into education which is the backbone of a successful society and the material for a healthy GDP growth down the line. Instead of spending taxpayers money on trivialities such as street names and German automobiles, it needs to be spent on crucial institutions that will see a high return later on. Secondly, I agree to an extent with the DA’s idea of relaxing the labour laws; however, this shouldn’t be done to the extent where it will have seriously negative effects on the worker. The fact that it is so hard to fire a worker, regardless of their productivity, suggests labour laws that are too stringent. I agree that workers need protection, and a living wage; but the employer should have the right to fire that worker as soon as he becomes incompetent or highly unproductive. Don’t make employers scared to hire workers because they fear that it will be extremely hard to fire them if they are unproductive. Lastly, cut the red tape and make it easier for entrepreneurs to start a business. This is crucial if we want to see unemployment decrease. It’s the small businesses, not the big conglomerates that are going to be the future employers of this nation. Essentially, it’s a balance of socialist (don’t think Marx, Lenin) and libertarian values that make a successful society.
Ideas for the economy