Ernst Roets

But unfortunately, they don't seem to know how to encourage production. They don't know how to fix the unemployment problem because they think the solution is socialism. And so the way, ironically, they've gotten to a point where they can only think about inequality.

And so they get Margaret Thatcher, that famous line saying, you would rather have the poor be poorer provided that the rich is less rich.

And so they get Margaret Thatcher, that famous line saying, you would rather have the poor be poorer provided that the rich is less rich.

And so they get Margaret Thatcher, that famous line saying, you would rather have the poor be poorer provided that the rich is less rich.

Yeah. Right. Yeah, we had to figure out how to, yeah.

Yeah. Right. Yeah, we had to figure out how to, yeah.

Yeah. Right. Yeah, we had to figure out how to, yeah.

Yes. Yes. But also not. So that's the irony. So that goes to the point about the ship I mentioned. So the ship's headed in the wrong direction. But even though the ship is heading in the wrong direction, the ship is sinking. And what I mean by that is- That's a bad combination. Yes.

Yes. Yes. But also not. So that's the irony. So that goes to the point about the ship I mentioned. So the ship's headed in the wrong direction. But even though the ship is heading in the wrong direction, the ship is sinking. And what I mean by that is- That's a bad combination. Yes.

Yes. Yes. But also not. So that's the irony. So that goes to the point about the ship I mentioned. So the ship's headed in the wrong direction. But even though the ship is heading in the wrong direction, the ship is sinking. And what I mean by that is- That's a bad combination. Yes.

So the fact that the ship is sinking has become a bigger problem than the fact that it's headed in the wrong direction. And when I say the ship is sinking, I mean that we just have massive state failure in South Africa. So they want to implement all these very radical policy ideas. And they have become more radical. Because they talk about a two-phase revolution.

So the fact that the ship is sinking has become a bigger problem than the fact that it's headed in the wrong direction. And when I say the ship is sinking, I mean that we just have massive state failure in South Africa. So they want to implement all these very radical policy ideas. And they have become more radical. Because they talk about a two-phase revolution.

So the fact that the ship is sinking has become a bigger problem than the fact that it's headed in the wrong direction. And when I say the ship is sinking, I mean that we just have massive state failure in South Africa. So they want to implement all these very radical policy ideas. And they have become more radical. Because they talk about a two-phase revolution.

Phase one is getting control of the levers of power through democracy. And phase two is once you have power, you need to use the levers of power to implement your socialist ideas, which is where they are now. So we have this plethora of new... very radical leftist policy ideas in South Africa.

Phase one is getting control of the levers of power through democracy. And phase two is once you have power, you need to use the levers of power to implement your socialist ideas, which is where they are now. So we have this plethora of new... very radical leftist policy ideas in South Africa.

Phase one is getting control of the levers of power through democracy. And phase two is once you have power, you need to use the levers of power to implement your socialist ideas, which is where they are now. So we have this plethora of new... very radical leftist policy ideas in South Africa.

But on the one hand, they're not really able to implement this because firstly of large scale corruption, but just sheer incompetence within the South African government. So everything that the government is supposed to be doing in South Africa with the exception of tax collection is collapsing.

But on the one hand, they're not really able to implement this because firstly of large scale corruption, but just sheer incompetence within the South African government. So everything that the government is supposed to be doing in South Africa with the exception of tax collection is collapsing.

But on the one hand, they're not really able to implement this because firstly of large scale corruption, but just sheer incompetence within the South African government. So everything that the government is supposed to be doing in South Africa with the exception of tax collection is collapsing.

So, we can literally take any example, but let's take power as an example. We started having rolling blackouts maybe a decade ago. And it was first, you would have an hour without electricity because they're not able to provide electricity for everyone because they didn't build power stations. Well, providing electricity for everyone turns out to be very difficult. Yes.