The NP believes that we must strike a balance between an absolute free market economy and the provision of social safety nets.  Therefore the NP believes in an economy based on sustainable economic growth in a socially responsible free market.  The best way to manage the economy is by maintaining the balance.

 

A liberal approach to the economy can lead to capitalism only being to the benefit of certain small groups within our communities, while the greater part of the population is not moving forward.  Eventually the rich get richer, and the poor even poorer.

 

Socialism, on the other hand, could cause the State to get an iron grip on the economy that will harm the individual profit motive and entrepreneurship.  This prevents economic growth and promotes poverty.

 

If our resources are used correctly, the economy can go very far.  South Africa has more potential than what people think.  Statistics show that there are only four countries with a more competitive labour market than ours.  The same statistics show that out of 230 countries, the size of our economy takes up the 25th position, while our economy get the 6th position on the list of developing economies.

 

In short, the NP believes in a free market economy with a social conscience.

 

 

 

 

 

 
 

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