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Do You Know About BBBEE in South Africa?

July 19, 2021 By Richard C. Young

By Anton_Medvedev @ Shutterstock.com

South Africa is falling apart. Revolver.com explains why. A system of racial preferences called BBBEE is part of the problem, Revolver reports:

South Africa is disintegrating.

After the jailing of Jacob Zuma, supporters of the former president took to the streets, ostensibly to protest but actually to simply plunder at will. The official death toll already runs into the dozens, but in a country as violent as South Africa (57 murders a day) the real toll will likely never be known for certain.

Rioters have plundered shops and entire shopping malls. When they run out out of normal goods, they steal livestock. When it’s too heavy to carry by hand, they bring a forklift.

The meltdown in South Africa isn’t a natural disaster or a random fluke. It’s a choice. South Africa was the first modern nation to be refounded on the anti-white principles of critical race theory, and now it is reaping the whirlwind of that choice. 

South Africa did everything that is being done in America right now. As a hyperdiverse multiethnic, multilingual society, South Africa has followed almost every prescription embraced by the globalist ruling class.

Despite being the “economic superpower” of Sub-Saharan Africa, South Africa’s brain drain is significant and accelerating. Those who have options are abandoning the country.

South Africa’s dominant African National Congress party is corrupt and ineffective, but its most dangerous rival is one of the most radical political parties to enjoy representation on Earth. The Economic Freedom Fighters vow to seize white-owned land (without payment), nationalize the banking and mining sectors, and double welfare payments.

But EFF isn’t a radical outlier in South African politics. It’s the natural endgame for the country’s post-apartheid ideology. For decades, the South African economy has been shaped by a policy known as Broad Based Black Economic Employment. Despite its name, there is nothing “based” about BBBEE. Instead, the policy uses the same tactics to achieve “equity” that activists in the United States are demanding.

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.

JUST IN – At least 72 people have been killed, hundreds arrested, and countless properties looted so far in spiraling unrest in South Africa triggered by the jailing of former president Jacob Zuma.pic.twitter.com/9HNgZBotCz

— Disclose.tv 🚨 (@disclosetv) July 14, 2021

😳 pic.twitter.com/LHrLpbnMRX

— K U L A N I (@kulanicool) July 12, 2021

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Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
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