Chairperson, Minister, the committee and the department form the firewall of South Africa in the sense that without economic expansion the fabric of our society will start to unravel. What the committee does and what the Minister and the department plan and execute are to a great degree the difference between having a country that works or not.
In this endeavour it is important that the tool used to create wealth must be the free market. It is the only system proven to work. The question is finding the right model.
Scientists, especially those from the fields of econophysics and the chaos theory, have confirmed that the equilibrium and rational economic agent theories are flawed. The real-life economic system is complex, chaotic, in disequilibrium and the economic agents are not rational. This means that the system needs clever nudges to provide the desired outcomes, but these require a light touch to avoid unintended consequences due to the system's complexity.
Die onsigbare hand van die vrye mark werk ongelukkig nie perfek nie en kan vasval in die aantrekkingskrag van magskonsentrasies, tot nadeel van talle mense. In daardie opsig steun die VF Plus wel uiters beperkte inmenging. Daarom aanvaar ons aspekte van die regering se industrile beleidsaksieplan as sodanige poging, soos plaaslike produkontwikkeling. (Translation of Afrikaans paragraph follows.)
[The invisible hand of the free market does, unfortunately, not function perfectly and can get stuck in the appeal of power concentrations, to the disadvantage of numerous people. In that regard the FF Plus no doubt supports extremely limited interference. That is why we do accept aspects of the government's Industrial Policy Action Plan, Ipap, as such an attempt, like local product development.]