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How to save the economy

31 July 2012, 08:27

Have any of you ever given thought of how to revitalize our economy?

Well I have and here are some ideas, if you are part of the youth league listen up

Firstly we need to open up our economy and make it worth it for investors to put serious cash into our country

Now How do we do that, firstly we could privatize more, lets take that monopoly on power called E.S.K.O.M think about it we could brake ESKOM up into parts and sell of power stations to Individual this would create competitiveness between the different companies, and who do you think will benefit if the companies goes into a competitive price war, obviously the consumer

Now lets say, you are a owner of a factory and the price of power comes down , it would make you more profitable, with would enable you to grow your business and  be more completive, because you have branched out you would require more infrastructure and because of that you would have to relocate to bigger premises.

How do we make business more willing to take on more staff? Well by relaxing labor laws, one would be able to hire and fire  on a different scale making sure that the person you put in a position is the right one for the job, you see to employ someone that is not in the right position cost our economy billions because people end up taking jobs that they cant necessarily do, the employers the have to struggle to get rid of the because of the labor law and are forced to either look for someone to help the new bloke out, causing even more inefficiencies, the cost to get rid of someone And the prescribed procedure that has to be followed causes businesses harm and cost our economy billions in a year.

By doing this companies will be more efficient and the price to produce will come down cause a efficient company is a productive company , the more money businesses makes the more tax could be generate the more staff could be employed, the more staff that are employed the more tax would also be paid into state coffers.

How do I know this would work , well if you look at the bigger economies of the world one must ask HOW DID THAY GET THEARE and if you look back you will find  they have used open economy’s even china a  communist country have started to grow cause they opened up there economy a decade or so ago, and look at how Zambia after years and years of   having there mines nationalized  the industry collapsing , they changed there way started to privatize the mines again and  there you go a industry totally revived  

Making the biggest contribution to there taxable income     

You mite ask, what would the government do with all this new revenue?

Well instead of stealing it like our comrades running the economy now!  You could have free ejection at technicians and university’s, for those who deserve it academically

Why would we do this? Well to get people trained and skilled and this in turn would make business even more efficient, in the long run!! At the moment we don’t have enough, technically trained people in the country and it cost business a lot again billions to get people to a good level

Now once you have a skilled work force and you are able to pick and chouse who you want to work for you, and the cost of doing business in South Africa is low, If I was a investor in America I would grab the opportunity to put money down here were I know I could urn instead of 2.5 percent in the US maybe between 7 and 15 percent more

You see our biggest problem is our inability to see our potential ,and to make it happen , these policies I have proposed is the opposite way of what we are going in at the moment


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