International News
See other International News Articles
Title: South Africa 'unexpectedly' slides into recession as agricultural production plummets in wake of plans to seize white-owned farmland
Source:
American Thinker
URL Source: https://www.americanthinker.com/blo ... eize_whiteowned_farm_land.html
Published: Sep 5, 2018
Author: Thomas Lifson
Post Date: 2018-09-05 15:06:57 by IbJensen
Keywords: None
Views: 645
Comments: 2
Gee, who could have possibly anticipated that threatening to steal (that is, expropriate without compensation) land from farmers who have worked it for generations would cause farmers to cut back on planting, cultivating, harvesting, or shipping crops? Thus, we have Bloomberg telling us, "South Africa's economy unexpectedly shrank for the second consecutive quarter in the three months through June." The recession, based on a second-quarter decline in GDP of 0.8%, is entirely due to a steep decline in agricultural production: "the agriculture market fell back by 29.2 per cent, taking 0.8 per cent off GDP." This was entirely predictable. Half a year ago, I warned that with expropriation of white farmers, South Africa is embarking on a course headed toward disaster: The former Rhodesia turned itself from the breadbasket of Africa, a major exporter of staple grains, into a country on the perpetual verge of mass starvation by expropriating and often murdering white farmers and giving land to cronies of President Mugabe, who were not capable of stewardship. The same thing happened to other elements of the economy as well, all based in getting even for racial grievances of the past. Crops are falling and there is a drought coming very soon. 33% of the population of Zimbabwe has AIDS. There is no indication that this first step toward poverty will change any minds in South Africa. Much as in Venezuela, we must watch in sadness as the fantasy economics of the left destroys wealth in the name of social justice and a nation ends up in starvation and poverty.
Poster Comment: Let the black South Africans starve. let them taste the way their forefathers lived before the white man came, planted, reaped the bounty. Not that anyone actually populated that once empty land. The Zulus are not indigenous to the area. This communist-governed once-proud nation goes the way of all 'socialist' ruled countries: down the drain!
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
Begin Trace Mode for Comment # 1.
#1. To: IbJensen (#0)
(Edited)
Unexpected, my barack. I don't think standing around smoking cigs in '70s-style American polyester shirts with words they can't read constitutes "farming". Or these clowns...........
#2. To: Hank Rearden (#1)
In 6 months,production will be down so bad, they will be eating each other. And the leftists will be begging the US to send them food. Eff em, let them starve !!!
Top • Page Up • Full Thread • Page Down • Bottom/Latest
Replies to Comment # 1.
End Trace Mode for Comment # 1.
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]