Tuesday, December 10, 2013

Dec 10 Less is more: inconceivable


“When Mr. Mandela was released from prison in 1990, he told his followers in the African National Congress that he believed in the nationalization of South Africa’s main businesses. “The nationalization of the mines, banks and monopoly industries is the policy of the A.N.C., and a change or modification of our views in this regard is inconceivable,” he said at the time.

Two years later, however, Mr. Mandela changed his mind, embracing capitalism, and charted a new economic course for his country.”

- Sorkin AR. How Mandela Shifted Views on Freedom of Markets. New York Times December 9, 2013. p B1.

http://dealbook.nytimes.com/2013/12/09/how-mandela-shifted-views-on-freedom-of-markets/?ref=business

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