When you think about Nelson Mandela, you probably think about freedom ”” free people, free country, free speech. What may be overshadowWhen Mr. Mandela was released from prison in 1990, he told his followers in the African National Congress that he believed in the nationalization of South Africa’s main businesses. “The nationalization of the mines, banks and monopoly industries is the policy of the A.N.C., and a change or modification of our views in this regard is inconceivable,” he said at the time.
Two years later, however, Mr. Mandela changed his mind, embracing capitalism, and charted a new economic course for his country.
ed by Mr. Mandela’s extraordinary legacy was his complicated journey to support free markets and a free economy.
Read it all.
Andrew Ross Sorkin–How Nelson Mandela Shifted Views on Freedom of Markets
When you think about Nelson Mandela, you probably think about freedom ”” free people, free country, free speech. What may be overshadowWhen Mr. Mandela was released from prison in 1990, he told his followers in the African National Congress that he believed in the nationalization of South Africa’s main businesses. “The nationalization of the mines, banks and monopoly industries is the policy of the A.N.C., and a change or modification of our views in this regard is inconceivable,” he said at the time.
Two years later, however, Mr. Mandela changed his mind, embracing capitalism, and charted a new economic course for his country.
ed by Mr. Mandela’s extraordinary legacy was his complicated journey to support free markets and a free economy.
Read it all.