An interesting train of thought over at www.southafricandiaspora.org/, about a possible looming economic crisis.
Personally, my take is that if your growing midlde class spending power in a growing economy is coming from people in the goverment sector, financed by debt, and your education success rates are not growing correspondingly, then you’re in for a rough ride as that just does not seem to be sustainable.
Surely the long view would be more pragmatic?
But then, I’m not an economist (just a lowly zoologist who understands ecological models that mirror supply and demand models everywhere) so I may be totally and utterly wrong. In which case, I’ll eat my mouse-cover ;-)
What do you think?