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South Africa's War Against Capitalism First Edition
- ISBN-10027593179X
- ISBN-13978-0275931797
- EditionFirst Edition
- PublisherPraeger Pub Text
- Publication dateJanuary 1, 1989
- LanguageEnglish
- Dimensions6.5 x 0.75 x 9.75 inches
- Print length172 pages
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About the Author
WALTER E. WILLIAMS is John M. Olin Distinguished Research Professor of Economics at George Mason University. He is the author of America: A Minority Viewpoint, All It Takes Is Guts, and The State Against Blacks.
Product details
- Publisher : Praeger Pub Text; First Edition (January 1, 1989)
- Language : English
- Hardcover : 172 pages
- ISBN-10 : 027593179X
- ISBN-13 : 978-0275931797
- Item Weight : 1.05 pounds
- Dimensions : 6.5 x 0.75 x 9.75 inches
- Best Sellers Rank: #3,107,015 in Books (See Top 100 in Books)
- #19,914 in Political Science (Books)
- #20,597 in Business & Finance
- #21,800 in Professional
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Apartheid was a core group of laws that strangled the free market, especially the labor market, in order to protect one political group at the expense of the others. It manifested itself in wage laws, mandatory segregation rules, professional restrictions by color, and it was backed by violence from the socialists who demanded that it remain in place (56-59)
There is a cost to this kind of preference indulgence: the higher the mandated price (minimum wage), the lower the cost is to discriminate against unpreferred groups/persons. (69)
Socialists implemented apartheid in South Africa primarily to lock black Africans out of jobs. Apartheid was enforced by the labor unions and violent anarchists at first, then later by leftist street gangs and government bureaucrats.
Williams does not take liberties in defining capitalism and socialism. He uses standards defined in most economic textbooks i.e. the greater the amount of governmental interference in an economy, the more socialist the economy. His ideas are not preconceived, nor does he attempt to downplay the impact of a vicious and immoral racist society on the perpetrators and victims. He does argue persuasively that apartheid without extensive government controls in the economic and political life of South Africa is untenable. Apartheid existed because a Socialist economy allowed the instigators to diffuse the costs of racism among the general population, white, black, and colored. In an open market without government subsidies and supports, racist employers are forced to absorb the risks and costs associated with their preferences (higher wages paid to eligible workers, fewer potential clients, and a loss of information from market distortions). In South Africa a large majority of the Boer population was able to enjoy exercising their racist proclivities as a result of extensive subsidies from a Socialist state. The commentator bemoans the institutional controls erected by the apartheid regime, including closed national and international markets, disenfranchisement, and the failure to adequately develop human capital. The publisher's representative will find absolutely nothing in the writings of Williams, Freidman, Sowell, Becker, Hayek, or Von Mises supporting the type of regime created by the Boers in South Africa.
There is no such animal as State Capitalism. It is an invention of socialists who are unable to explain why their ideas, wherever applied, result in totalitarianism. Perfectly competitive markets have never existed. Most young economic students learn this fact early in their careers. Fascism, when used by leftists to describe odious governments, is an empty epithet. All so-called fascist states have economic systems that are indistinguishable from their left-wing variants.
You're damn right that early "capitalists" supported the apartheid regime, but only because they didn't want black people to have the economic freedom that the whites did. It's called an unequal distribution of capitalism. The whites had capitalism in South Africa, whereas the blacks had socialism. You forget that capitalism is an economic system, not a type of person (unless they believe in that system). The apartheid regime was socialist and against capitalism, because it denied blacks the right to own property and intervened in order to help out special interests. It's kind of like how many regulations ultimately help big businesses and corporations by squashing mom and pop stores.



