Why South Africa the first country built on Critical Race Theory has failed

For decades, the South African economy has been shaped by a policy known as Broad Based Black Economic Employment. Despite the fancy sounding name, the policy is the same as that of activists in the United States.

BBBEE relies openly and explicitly on injecting racial preferences throughout the economy. Companies receive a BBBEE scorecard based on hiring black workers, elevating black management, and giving black South Africans a share of ownership.

Companies with high BBBEE scores are given favorable tax treatment and preferences in government contracts. Corporate actors are strongly incentivized to give contracts to high BBBEE scorers as well.

link to original

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s