Trouble in South Africa

Expropriation of white-owned land and businesses was what ruined Zimbabwe, one of the worst economic performers on the African continent. Now a youth leader of the African National Congress is proposing the same policy for South Africa. See this Los Angeles Times article for details.

Over time, expropriation is likely what will happen in South Africa. Post-Mandela, the country has been on a steady downward path.

Sadly, economic and political disaster has been the experience of almost all third world post-colonial countries. Mandela gave South Africa a chance to dodge that outcome, a chance it appears willing to squander.