South Africa and Detroit have both suffered from the transition from white rule because the white people have kept the money and the good jobs, discriminating in a most odious manner. I believe the Zimbabwe problem is related to a brutal dictator, and even those hard working Koreans aren't doing so well with a dictator.
Originally Posted by Bert Jones
Wow, you truly are an idiot. Zimbabwe's economy collapsed under the weight of that Marxist SOB Mugabe's expropriation of white-owned farms and factories way before South Africa dismantled apartheid. (In case you don't know what "expropriation" is, that's when you seize property from owners who know how to maintain it and give it to people who don't.) Mandela and many of South Africa's black leaders watched the disaster unfold in Zimbabwe and decided they wanted no part of it in South Africa. So they didn't seize white-owned property. As a result, South Africa's economy has held up relatively well. The Mugabe model is a prescription for economic disaster. Mugabe is an African poster child for how to run a once healthy and prosperous economy into the ground.
Oh, and you bring up North Korea too? That entire country is a worker enslavement camp. North and South Korea share the same indigenous population. Yet per capita income in North Korea is $1700 a year versus $33,000 in South Korea. In other words, the average South Korean lives almost 20 times better than his counterpart in the North. Please tell us, Mr. BJ the economics expert, what conclusions do we draw from this fact?