‘We must rethink economics, build a new social contract’

South Africa needs a “radically different approach to governance”, wrote Lorenzo Fioramonti, Professor of Political Economy at the University of Pretoria, in his latest Business Day opinion piece.

Fioramonti believes we need to rethink economics.

“Growth first and the rest later" was a huge mistake, he believes.

Fioramonti wrote that South Africa must build a new social contract, as we enter another critical year.

The Money Show’s Bruce Whitfield interviewed Fioramonti.

Scroll down for quotes from the audio below.

We’ve been waiting for 21 years to see meaningful economic transformation in this country!

Lorenzo Fioramonti, Professor of Political Economy at the University of Pretoria

We need to talk about redistribution in a more practical and smart fashion.

Lorenzo Fioramonti, Professor of Political Economy at the University of Pretoria

More people around the world are willing to talk about redistribution.

Lorenzo Fioramonti, Professor of Political Economy at the University of Pretoria

Ratings agencies would be happy to consider redistribution.

Lorenzo Fioramonti, Professor of Political Economy at the University of Pretoria

2016 is the year we need serious leadership!

Lorenzo Fioramonti, Professor of Political Economy at the University of Pretoria

Growth per se does not create more wealth.

Lorenzo Fioramonti, Professor of Political Economy at the University of Pretoria

Growth and redistribution are two sides of the same coin.

Lorenzo Fioramonti, Professor of Political Economy at the University of Pretoria

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