[ad_1]
The party’s economic policies have been criticized by some of its former leaders, including former Joburg mayor Herman Mashaba, who said he did not put the interests of the poor first.
JOHANNESBURG – As the AD policy conference continues, the second largest political party in the country has decided to adopt a social market economy as one of its values and principles.
This advocates, among others, that companies and consumers have the right to decide what to buy, where to invest and how much to produce.
The party’s political decision to promote the social market economy is not a shock, as it has always leaned in this direction.
The social market economy, which can also be described as social capitalism, is a socioeconomic model that combines free-market capitalist economic systems and other social policies aimed at establishing competition within the market and a welfare state.
The party’s economic policies have been criticized by some of its former leaders, including former Joburg mayor Herman Mashaba, who said he did not put the interests of the poor first.
In the AD resolution, the party states that the government must uphold open and competitive markets while enhancing equal opportunities and providing strong safety nets for the vulnerable.
The party has also adopted the principle of non-racism and federalism as its policies.
Adopted by the #DAPolicyConference: Social market economy.
Participants (companies and consumers) instead of government. decide what to buy, where to invest and how much to produce. Govt. enhances equal opportunities and provides strong safety nets and springboards.
#KhulaDA pic.twitter.com/CdtBJicn6S
– Democratic Alliance (@Our_DA) September 5, 2020
Download the EWN app on your iOS or Android device.
[ad_2]
