Duma Gqubule explains why our economy is so derailed! 

When did I stop Duma from explaining anything?

​@mikesham3204, you kept on interjecting and planting your own views throughout the conversation and causing him to lose his train of thought...

​@@mikesham3204You blind hatred for Zuma clouds your judgment. You are a Thatcherite and market fundamentalists; the very failed policies implemented by the ANC for 30 years through GEAR, ASGISA, privatisation, inflation targeting, privatised Reserve Bank etc which as made South Africa the most unequal society, with the highest unemployment rate, stagnant growth and social ills.

​he Miked him, like he always does😂

Great education as usual. Thank You Mike.

I think this will be like a nest of termites. A company does not grow by building bigger factories, warehouses and shops. It grows by supplying the market with goods and services in demand.

There's no country in the world that doesn't have government intervention.

I think 10 years of no intervention should beat 30 years of intervention hands down !

lol even America bails out its banks! Also you have a large uneducated or undereducated population if you do not set minimum wages capital will treat people as disposable. This is not the western world where your population has choices. The same mining houses pay 4k in SA and 100k in Australia. Why? Because there is a huge supply of labour here.

It's called free market economy the less regulations and corruption from government the more a country prospers there are indexes that show this is directly proportional to how properous a country is

Funny part is the ANC implemented Market Fundamentalism for 30 years. It talked left, but walked right. GEAR, ASGISA, Ramaphosa's DA policies.

LoL have you read the economic policies of the DA if you have, would you like me to explain it to you?

😂😂but we as the DA want the complete opposite though...

lol were you listening?

@@siyabongamazibuko7368 yes, please explain them for me

@siyabongamazibuko7368 I doubt they read the DA manifesto,one sign of bad policy is the word "privatization of Eskom"

I voted OUT ANC. I'm very proud for that reason. I hope DA will address some of those issues.

@@mondlintshangase1671 DA what?Go to Cpt CBD is controlled by foreigners and gangsters they are no better in fact they are worse.DA is good for surbubs not for everyone.

Exactly right sir!

That private capacity can work with the government like the government is always urged to work with the private sector even though it will hurt their bottom line😊

@@shafiyaalgiquadra1105 Government failure is part of the private sector's business model. Even the president's brother-in-law has invested in a solar power business. I disagree that government hurts the private bottom line.

@@mikesham3204 my apologies, I meant even though working with the private sector hurts governments bottom line ie more expensive electricity etc.

Lol what?you have the wrong idea about SOEs,they're not obliged to make profits,they just need to break even and keep on providing cheaper services,it is private sector that creates unemployment as soon as they lose profits,they fire people because a few billionaires aren't making money.

Those customers need to have the money to buy those products or services. When they are unemployed, irregardless of how fantastic your offering is, it'll be useless which is what he's saying.

That is exactly what I am saying. Would you trust someone who has just been jailed for theft with your money? Or would you demand proof that they have changed their ways?

Economic growth is not a matter of individual psychology, or personality or character. You people need to wake up omg did you actually listen

@@stepmaster9988 corruption erodes economic growth

But that takes away from me!!😭😭

On WHAT does the stet spend money, moving piles of sand from A to B and then BACK again to A is also state spending!! Is it spending PRODUCTIVELY is the RERAL question!

So tax someone else who is earning money. Use that money to put into some unemployed person who will then spend it on having more kids. Worked very well so far.

@Tripleexel income tax from individuals is less than 30% of the total national revenue collection according to the National Treasury. Don't think too highly of yourself just because you have a formal job and you pay PAYE!

Mike wouldn't let him finish that's why.

He was not allowed to get one point across. It appears that Mike invited Duma to dismiss his Keynesian views. As much as I agree with Mike’s economic perspective but at least allow the man to finish his point before interjecting. This was not an interview it was a squabble.

To actually try to blame everything on corruption and ignore that the policies are going to fail anyway makes even less sense to me. Duma spoke clearly about the problematic policies, and he actually answered the corruption question. He even dismissed the nonsense that Mike talks about when he tries the usual fear mongering tactics that socialist and comunnists would be even more corrupt. Duma said it clearly and used the example of China with their death penalty. Their government is tough on corruption but it still happens and Duma points out the policies that are working in China from an economic perspective. He did not ignore that there is corruption. In my opinion there is no government that is free from corruption and beurocracy, and Duma does acknowledge that there need to be tougher measures on corruption. I think you are the one that is trying to ignore the facts. The ANC and DA economic policies don't and won't work, Duma said it plainly. Mike out of the blue tries to put the blame on Julius Malema somehow, that the ANC youth league is the ones to blame and Zuma for those failed policies. The nonsense that free market activists speak is amazing. Stop blaming ecrything on corruption and listen to experts. It is the economic policies that don't work, just like Mike wants people to beleive that Margaret Thatchers policies worked and was once again dissapointed by an honest respobse by Duma that they actually were not.

Thank you so much Thando, we will keep them coming.

Do you know what happened in 2008? Obviously not!!

@@charlyazbek7166 I know. There was the world credit crunch that decidedmated many economies starting from late 2007. Mbeki was recalled in September 2008.

No, he is a Free Marketeer, can also be Action SA or any of the other Market Friendlier parties

Well said.

"Listen to business people when dealing with the economy"..China did that,Russia did that and both countries crumbled until they stopped and nationalize key sectors.

He'd be great as an advisor to the minister of Finance.

That's economics.

It doesn't matter what the excuse is.

Every economy runs on sales. Sometimes the Keynesians don't like to face up to this!

You the sick one. 🤬

The sickness is not in one who says we cannot allow the existence of trillionaires when there are a finite amount of resources in the world.

You can't hide your lack of intellectual capacity and generosity to hear other people's opinions in sickness...choose other platforms where your unearned privilege is NOT challenged

you're the sick one here

Perhaps he was caught off guard by Mike’s hostility.

This isn't the SABC where guests can say things that need questioning and they doesn't get challenged. I am not sure where you see the subtle racism however.

When did Mike mention race, even once? Typical... when someone (who is white) says something you don't like it's automatically 'racist'. Lazy argument and fuels further division. Dayum, WHEN are you guys who keep crying racism going to grow up and start working together with everyone?! THAT's the way forward, how to grow, how to develop and improve.

I also did not see any racism, perhaps some rude interjections, where a bit more listening was required.

@@sondisamvemnyama3476 Sadly racism is an easy accusation. The talking over was my difficulty in keeping the interview moving, Duma seemed to have difficulty in getting to the point or offering workable solutions. I kept quiet for more than 20 minutes but it was getting hard to hear.

And MK

Mike doesnt need to, the EFF rubbish themselves with ideology and policy lifted from the soviet union

Consider me pulled from my delusions! Which delusions are you referring to?

​@@mikesham3204the delusion of trickle down economics where the rich get richer while the poor wait on them to fill their bag whose capacity is infinite. We are on our way to mint trillionaires but there is only a finite amount of resources.

​@@mikesham3204none of my replies go through but we are just talking economic theory...☺

@@mikesham3204 I have tried to reply numerous times but my comments are deleted.