Abstract
We are all socialists nowadays, Sir William Harcourt famously remarked just over a century ago. Of course times have changed. After the fall of the Berlin Wall and the end of the Soviet Union it takes guts to stand up for so discredited a faith, even for as pale a version as social democracy. Sampie Terreblanche is one such warrior for the old-time religion. His hefty (and repetitive) volume of more than 500 pages has a simple thesis. Capitalism attempts to maximise efficiency and profit through merciless competition in a free market in which the strong, skilful, and property owners win, and the weaker and less 'cunning' lose. Fortunately democracy can save the day because it emphasises joint interests, equality, and common loyalties... The legal that protects both democracy and capitalism is based on the principle of equality before the law, but maintains inequalities in the distribution of property rights and opportunities in the capitalist system (p 16).
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