"Zuma jacked up public spending, but for consumption and corruption, not investment. State-owned companies were drained by Zuma and his lackeys, who are suspected of having looted about the equivalent of 20 per cent of GDP. Constant power outages and collapsing infrastructure contributed to growth collapsing and soon becoming negative. After being halved under the predecessors, public debt doubled under Zuma. Extreme poverty had also halved under the previous administration; under Zuma it not only stopped declining but even began to increase. That’s the way it usually goes. Strongmen who complain that growth takes too long to provide results are like the farmer who has no patience with the harvest and quickly makes himself popular by letting everyone gorge on the seed. Fewer seeds means you will have less to eat next season. Sooner or later, you’ll run out of other people’s harvests, as Thatcher would have said."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Anti-apartheid activistsPrisonersRevolutionariesPresidents of South AfricaActivists from South Africa
Original Language: English
Available Languages (1)
Sources
Johan Norberg, The Capitalist Manifesto: Why the Global Free Market Will Save the World (2023)
https://en.wikiquote.org/wiki/Jacob_Zuma
Revision History
No revisions have been submitted for this quote.
Categories
Jacob Zuma
Jacob Gedleyihlekisa Zuma (born 12 April 1942) GCB was the 5th President of South Africa, elected by parliament following the African National Congress's victory in the 2009 general election. He had previously served as Deputy President under Thabo Mbeki, and had replaced Mbeki as leader of the ANC in 2007 on a left-wing populist platform. Although many of his pledged policies were not implemented, he was re-elected in the 2014 election. However, in 2018 he was [[Impeac
18 quotes on TrueQuotesView all quotes by Jacob Zuma →
Related Quotes
"Ever since I was born I have never been involved in corruption and I will never be corrupt."
"One hundred and eleven thousand twohundred and sixty one hundred thousand."
"Even today, I would fight and die for you. I say that without any hesitation because that is what I stood for when I …"
"Me?! What? I don’t know, unless I must go to the dictionary and learn what a crook is. I’ve never been a crook. ... I…"
"As Africans, long before the arrival of religion and [the] gospel, we had our own ways of doing things, ... Those wer…"
"We are going to shoot them, they are going to run; We are going to shoot them, with the machine gun; They are going t…"
"All the trouble began in 1652 when Jan van Riebeeck landed in the Cape."
"The reality is that we are dealing with the legacy of Apartheid. The economy of Apartheid was racially skewed and str…"
"South Africans cannot believe that a man who never went to school is the President and that is the reason why he must…"
"The intention was not in pursuit of corrupt ends or to use state resources to unduly benefit me and my family. Hence,…"