The South African Experience With Redistribution

The BBC reports:

Some 90% of farms redistributed to South Africa’s black population from white farmers are not productive, the government has said.

Surprise, surprise.  If the government were to redistribute a steel mill from one person to another based only on the color of one’s skin, raise your hand if you think there is a good chance that the new owner will have no idea how to run a steel mill.

About Jonathan Finegold Catalán

Jonathan M.F. Catalán is the owner of Economic Thought and also writes for Mises Daily. He studies political science and economics, while writing from San Diego, California.
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