Unemployment has worsened, to more than 36 percent.They don't get it over there. All they did is replace a white parasitic ruling class with a black one. And the white ones embraced the market more fully, leading to more prosperity. What they need is not democracy with a black face, but private property.
50 percent of youth below the age of 25 are unemployed
Poverty has escalated to 54.3 percent of the people.
26 million live on “below a U.S. dollar a day.”
50 percent of kids drop out of school “before the age of 12.”
“This is what breeds a cycle of poverty among the working class,” said Vavi, with the rhetorical question: “Why did we make these sacrifices against apartheid, if this is the result?”
...the lesson is clear. An economic crisis can jolt a fundamentally pro-capitalist (or mostly pro-capitalist) nation that had lost its way back onto the straight and narrow. But there is no guarantee of recovery when the culture has descended into infantile anti-capitalism, dysfunctional statism, and an antagonism toward entrepreneurial dynamism and self-reliance. For these a crisis may not herald recovery but instead a longer, deeper national decline. Only a culture shift resulting from the spread of sound ideas can make Greece (and other countries) a fertile ground to accept real solutions. The need to spread the good news of liberty and free markets is clearly as urgent as ever.
Quite the omen.