One of the characters of novelist Ernest Hemingway was asked how he got bankrupt, and he answered, “slowly and suddenly”. This is exactly the dynamics of all our crises in South Africa, in other words, our problems start small, grow slowly and erupt suddenly and violently.
It is shown in behavioural economics that our mind is designed in a way to underestimate small changes and we always wait for something big to act.
The threat of climate change is a good example of this.
Unemployment, poverty, crime, inequality, poor public service delivery, corruption, etc, are all rising and going from bad to worse. This is not a healthy environment for our economy to grow at a high and sustainable rate as we wish it to.
Despite all of the above,…