The ANC paid a ransom for the freedom of black South Africans: neoliberalism. Amid the present crisis that model lies in ruins. In proposing the NewGrowth Path (NGP) Minister Patel rightly recognizes that the global economic turmoil has …opened up a new policy space for developing economies to go beyond conventional [that is, neoliberal] policy prescriptions’.He is clear that the NPG must be the work of a ‘developmental state’ for ‘creating decent work, reducing inequality, and defeating poverty’.
