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Go Back   Armchair General and HistoryNet >> The Best Forums in History > Current Events > Africa

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Africa Issues of modern Africa.

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  #31  
Old 26 Jun 17, 13:46
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Originally Posted by wolfhnd View Post
A lot of liberals thought Venezuela was going to recover a couple years ago. South Africa is just another example of the failure of collectivist mentality.
Totally different - SA is simply a problem of tribal and individual greed
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  #32  
Old 29 Jun 17, 22:20
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Originally Posted by MarkV View Post
Totally different - SA is simply a problem of tribal and individual greed
Or is it a case of history repeating itself?

https://www.youtube.com/watch?v=yIbgumSFUXU


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  #33  
Old 30 Jun 17, 07:55
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Originally Posted by MarkV View Post
Totally different - SA is simply a problem of tribal and individual greed
isn't Venezuela about greed? have greedy people/politicians/etc
the US has lobbyist that are greedy, and politicians that don't vote for what's financially good for the whole country--but what will be good financially for their constituents in their states/counties/etc....kind of like tribes
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  #34  
Old 07 Jul 17, 01:09
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Originally Posted by wolfhnd View Post
A lot of liberals thought Venezuela was going to recover a couple years ago. South Africa is just another example of the failure of collectivist mentality.
How are we any thing like venezuela? For one thing Zuma steps down after this term, second our economy is far morr diversified and third the issues here are not the same they facing. Nor is it nearly as bad. Truth is many here have not felt any change from last year to this year even though last year we had growth and this year we have a drop.
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  #35  
Old 07 Jul 17, 01:11
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Originally Posted by The Exorcist View Post
Or is it a case of history repeating itself?

https://www.youtube.com/watch?v=yIbgumSFUXU


Why did you post a vid of Aid to Africa when you talking about south africa. We not starving Ethiopians or cash straped DRC.
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  #36  
Old 08 Jul 17, 18:50
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Originally Posted by andrewza View Post
Why did you post a vid of Aid to Africa when you talking about south africa. We not starving Ethiopians or cash straped DRC.
Because SA does appear to be headed the same way, and the reason is that all of the post-Apartied Govts have been so horribly corrupt.
The OP vid tells the tale.

EDIT-
something more topical, and current;
(yeah, CATO stuff is a bit dry and it goes long, but it is on point)
https://www.youtube.com/watch?v=etpWnbqBc5I
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Last edited by The Exorcist; 08 Jul 17 at 18:57..
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  #37  
Old 17 Jul 17, 15:14
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Originally Posted by andrewza View Post
How are we any thing like venezuela? For one thing Zuma steps down after this term, second our economy is far morr diversified and third the issues here are not the same they facing. Nor is it nearly as bad. Truth is many here have not felt any change from last year to this year even though last year we had growth and this year we have a drop.
The South Africa debt to GDP ratio is horrendous and growing. Looks like you might be close to maxing out the national credit card.

https://tradingeconomics.com/south-a...nt-debt-to-gdp
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  #38  
Old 18 Jul 17, 05:04
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Originally Posted by Escape2Victory View Post
The South Africa debt to GDP ratio is horrendous and growing. Looks like you might be close to maxing out the national credit card.

https://tradingeconomics.com/south-a...nt-debt-to-gdp
Says there *only* 51.7% of GDP

Which compares to 89.2% in the Euro area, 89.3% in the UK and 106.1% in the USA.
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  #39  
Old 20 Jul 17, 00:59
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Originally Posted by Gooner View Post
Says there *only* 51.7% of GDP

Which compares to 89.2% in the Euro area, 89.3% in the UK and 106.1% in the USA.
Yes but we are no model in that respect. Our debt interest is bigger than the NHS wage bill. If Corbyn had won and executed his spending plans, we would have started to look like Venezuela.

Also the developed economies are more robust and can carry debt with less risk.
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