Politics

Regulatory capture – SA after the sale of Eskom

In the 1990s, many countries in the former Soviet bloc, Latin America, Africa and Asia adopted, in varying degrees, reforms aimed at replacing state intervention with market-driven policies. This was deemed a resounding victory for neoliberal economics and market fundamentalists. Luigi Manzetti claims, ‘Theoretically, they were based upon the theories of neo-liberal economists such as […]