FMF NEWSLETTER 24 January 2018

Dear friend of the FMF

In this week’s feature article, Eustace Davie explains the impact of socialist economic controls on prices, and by extension the negative knock-on effect on consumers. The author provides a clear definition of capitalism,  and describes how socialist policies undermine the manner in which people voluntarily trade with each other. People have different values and preferences and this determines whether or not they will enter into an exchange. Government interference in its many forms undermines people’s ability to trade with each other, inhibits growth, and prevents people from improving their lives.

Economic growth requires an environment in which prices are freely formed – EUSTACE DAVIE

Prices, when left alone, “miraculously” direct all resources, including labour and capital, to their most productive uses.

Examine the South African economy to find any activities that are carried out on a basis of voluntary exchange between individuals, under circumstances where peaceful exchanges are not interfered with by bureaucratic action, where prices are arrived at wholly by agreement and I will acknowledge those activities to be capitalistic. But I then defy anyone to show how these activities are causing harm to the population at large.

Wednesday, 31 January 2018 FMF EVENT – Frans Rautenbach – The law, trade unions and economic growth - what role do they play in job creation? @17h45 @ FMF – RSVP http://www.freemarketfoundation.com/View-Event?i=168

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Oxfam is entitled to its own opinions. But not its own facts
Water shortages the result of water socialism
2018's New Minimum Wages Come with a Cost

Media releases Oxfam’s latest report is dangerous and intellectually dishonest
SAA’s own new CEO inadvertently tolls airline’s death knell
Historic transfer of 117 title deeds in Stellenbosch thanks to the Municipality, Johann Rupert and the FMF
Media digest DECEMBER 2017 for all media coverage

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Leon Louw – New law guaranteed to raise price of data and limit internet access
Adrian Saville – Paths to prosperity - lessons for a six pack solution
Leon Louw – South African Airways: The facts behind the fiction
Neil Emerick –  Will South Africa crash and burn?
Garreth Bloor –  Want economic growth? Repeal bad law
Eustace Davie – Imagine living in constant fear of losing your home
Temba A Nolutshungu – Time for South Africans to live and let live
Temba A Nolutshungu – Statist ideologies vs Individual sovereignty
Jasson Urbach & Johann Serfontein – NHI pie in the sky
Martyn Davies and Leon Louw – The secret of China’s success: innovation and entrepreneurship
South Africa: The Solution (1987)
Twin Peaks - how Treasury will cost SA an additional R4,8bn per year
FMF –  A constitution worth fighting for (1996)
Leon Louw – Radical Economic Transformation
Rex van Schalkwyk – Rule of Law 1 of 2 – What it is not
Rex van Schalkwyk – Rule of Law 2 of 2 – What it is

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