Income disparity in South Africa is larger now than under Apartheid
BY MARC
CHANDLER
This Great Graphic shows how the
average income and population by racial group changed during the life of Nelson
Mandela. It comes from The
Economist.
It illustrates
a sad fact. Income disparity in South Africa is larger now than under
Apartheid.
There have
been joint and distributional gains since the end of Apartheid. The distributional gains have gone
disproportionately to white and Asian South Africans.
Economically,
the challenge is not racism per se, but governing issues, education quality and
a skills shortage among South African blacks. Black
empowerment has been modest and appears to be limited to a relatively small
group that is politically connected.
Sadly, South
Africa, post-Apartheid, is among the most unequal countries in the world. It may be
beyond the ability of the one-party rule of the African National Congress, with
its weak leadership, cronyism, and rent-seeking incentives.
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