In Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics, economists Bruce Yandle and Adam Smith explain how money and morality are often combined in politics to produce arbitrary regulations benefiting cronies, while constraining productive economic activities by the general public.
Featuring Welile Nhlapo, South African Ambassador to the United States; J. Daniel O’Flaherty, Vice President, National Foreign Trade Council; Tom Woods, Former Deputy Assistant Secretary of State for Africa; Moderated by Marian Tupy, Policy Analyst, Center for Global Liberty and Prosperity, Cato Institute.
On April 22, South Africa will hold its fourth general election since the advent of multiracial democracy in 1994 and first general election since the break-up of the once-hegemonic African National Congress. Will a strong showing by the new party-the Congress of the People-reduce the ANC’s majority, reinvigorate the opposition, and make the government more accountable? Or will it lead the ANC to embrace more populist economic policies in an effort to regain the loyalty of its former supporters? Please join us for a discussion of the likely effects of this pivotal election on the future of sub-Saharan Africa’s most powerful nation.