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News & Views by Terry Bell
Browsing All posts tagged under »Adam Smith«
Lying our way to catastrophe
The global economy that affects us all is based on lies; on the distortion and misrepresentation of the views of usually much lauded economists. It seems crucial to drive this point home as we continue to be told that greater productivity and the up-skilling and re-skilling of workers will vanquish poverty and unemployment. In a […]
A Budget by any other name would smell the same
February 23, 2017
THE more things change, the more they stay the same. This applies not only to the latest South African Budget, but to almost all such economic policy statements as finance ministers continually repeat variations on the same failed remedies, apparently in the hope of different outcomes.
Mired in a parochial midset & ignorant of history
May 31, 2015
The parochial mindset of nationally-based companies and trade unions reveals asn ignorance of economic history, including the fact that shareholder companies — a cornerstone of our system — were banned in Britain for 105 years because of their inherent tendency to be corrupt.
Business shoots itself in the wages foot
August 31, 2014
The opening salvoes have again been fired in another round in South Africa's war about a national minimum wage. Yet without more work with decent pay and a radical change in overall policy direction, the country's social fabric will continue to fray and tear
Hindsight is also a blinkered perspective
July 13, 2014
Even the outrageous proposal by satirist Jonathan Swift that the problem of poverty could be dealt with by eating the children of the poor has failed, after 300 years, to bury to mistaken notion that procreation and "over population" is the cause of poverty.
Terry Bell Writes 
November 16, 2018
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