#19 How will land redistribution without compensation impact our economy?
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In order to address the historic wrongs caused by arbitrary dispossession of land in South Africa, land redistribution has largely received universal acceptance as a means of reparations. But the concept of ‘compensation’ in land reform is something of a contentious issue, and the conversation is both principled and economic. Implementing it even calls for a change to the country’s constitution.
While the policy of redistribution without compensation has been given the green light, critics warn against the heavy impact it will have on an economic level. However, optimists believe that this process can occur without adverse economic effects. Is land redistribution without compensation a viable option, and what needs to happen to ensure that it’s successful?
While the policy of redistribution without compensation has been given the green light, critics warn against the heavy impact it will have on an economic level. However, optimists believe that this process can occur without adverse economic effects. Is land redistribution without compensation a viable option, and what needs to happen to ensure that it’s successful?