Expropiation without compensation

[_ajax18]

South Africa slid into an official recession Tuesday, as second-quarter growth domestic product (GDP) figures showed a contraction of 0.7% — the second straight quarter of decline. First-quarter figures were revised down, from -2.2% to -2.6%.

The main culprit, according to South Africa’s Business Day, was a sharp contraction in the agricultural sector, which has been under political assault this year as the ruling African National Congress has pledged “expropriation without compensation.”

The Business Day described the “shocking drop in agriculture,” which single-handedly tipped the economy into recession:

Most analysts had expected a moderate increase in GDP.
…
But the most shocking number in the statistics is the precipitous 29.2% decline in agricultural production over the second quarter.
…
Statistics SA said: “The decrease was mainly because of a drop in the production of field crops and horticultural products”.

The agriculture “detracted a significant 0.8% from the headline outcome”, Investec said.
The recession is not quite “shocking” to opponents of the South African government’s land reform policy, which is ostensibly aimed at redressing racial inequalities in land ownership, but which critics have called a threat to property rights in general.

Though the policy only began in earnest last month, following a televised address by Cyril Ramaphosa, the newly-installed president had already declared that the government would pursue “expropriation without compensation” in February, during his “State of the Nation” address.

“Guided by the resolutions of the 54th National Conference of the governing party, this approach [to land redistribution] will include the expropriation of land without compensation,” Ramaphosa announced.

Farmers appear to have responded to those signals by taking fewer risks, preserving scarce capital rather than gambling it on a new crop in South Africa’s drought-prone climate when the value of their land, and security of their tenure, was at stake.

Last month, President Donald Trump caused controversy by tweeting that he had directed the Secretary of State to study the issues of land reform and farm murders in South Africa. The South African government accused him of “colonial” rhetoric.

https://www.breitbart.com/national-secu ... riculture/

Life is a brutal fight for land and survival. The only people white South Africa has to thank for this are their own bleeding heart white liberals. Where is the new South Africa headed economically after killing and seizing the land (conquering) the white people there? Will the US meet a similar fate if the Democratic party has their way?

[_Some Schmo]

Oh yay! ajax farted out a breitbart story. I can't wait to ignore it.

[_canpakes]

Where is the new South Africa headed economically after killing and seizing the land (conquering) the white people there? Will the US meet a similar fate if the Democratic party has their way?

is this a serious concern of yours?

[_Some Schmo]

Where is the new South Africa headed economically after killing and seizing the land (conquering) the white people there? Will the US meet a similar fate if the Democratic party has their way?

is this a serious concern of yours?

I watched a great talk given by Jon Meacham the other day (I tried to find the video and for some reason it's alluding me). He talked about the the early 20th century and the echoes we're hearing today of that time. He mentioned the biggest similarity between then and now is fear and anxiety over economics and immigration.

ajax lives in a state of perpetual, self-induced fear over non-existent threats. That's why he loves the cheeto dictator.

[_canpakes]

Meanwhile, in this country, the Trump Administration is actively deporting folks who could be legal Americans if some aspect of their birth certificate can be questioned inconclusively. I wonder what happens to any land owned by those folks?

To this, ajax asks EAllusion if those folks should be allowed to “keep what they stole” without batting an eye to the question of just where some of those farm lands in South Africa came from. ; )

[_Some Schmo]

To this, ajax asks EAllusion if those folks should be allowed to “keep what they stole” without batting an eye to the question of just where some of those farm lands in South Africa came from. ; )

Unless you're white, the land is stolen. If you are white, it was rightfully appropriated.

I once asked ajax about Europeans coming to America and committing genocide on the natives. He was totally cool with it. He is very black and white. He can only see it as wrong if the invaders aren't Caucasian.

It's pointless to argue with that level of senselessness.

[_moksha]

Will those Democrats confiscate the EPA Cone of Silence phone booth or those pens with the gold inlay letters P R U I T?

[_ajax18]

He can only see it as wrong if the invaders aren't Caucasian.

First of all Schmo I'm sure you have some Spaniard in your DNA so you carry some of the white guilt along with righteous brown amerind DNA.

The new regime is probably more racist than the last, only in the reverse direction. Yet you're blind to reverse racism. So let's just admit that it's still and always has been about military might and conquest and drop the illusions of either side holding a moral high ground.

[_huckelberry]

I am sure I do not have all the information about South Africa's economy. I have heard that the country is suffering from a severe drought. A lack of water to grow crops could well contribute to a decrease in agricultural profits.

[_Xenophon]

Ajax, the world you live in must be absolutely frightening. I can't imagine trying to get through my day with that much fear inside me.