I must say, this lady is absolutely brilliant. She offers a pure, neutral perspective, evaluating the issue from an external lens with creativity that shines in her well-thought-out, practical, and pragmatic problem-solving. She is the most brilliant person you've ever had on your show-none before her even come close.
The likes of Sizwe and other young South African minds need to be part of the organizing committee for the "National Dialogue" in order to participate in setting up the agenda because the elders there I suspect will gloss over a number of pressing current issues and owning up to mistakes made in the past which find us at this current juncture. Very important conversation around the history of state intervention, the BIG and economic growth. Thank you SMW for bringing Isobel.
I think South Africa is not ready for conversations like this. The majority of our people are still not politically aware and you could see from the previous elections results. The anc does not deserve to be in government leadership but guess what… The current government lack the perspectives of the far left which is being dismissed by the media in this country. There cannot be discussions of welfare state without the far left parties involved. At the moment, our lack of political awareness cheat us the balance of perspectives.
@@EFF2UnionBuildingBecause far lefties are ideologues, who disregard merit and only seek to burn everything down just to lvl the playingfield. Socialism and Communism, have brought ruin to many nations and many lives were lost. Youd know that but your clearly EFF and therefor you typically know fkol aboit history, and only formulate ideas with the little context your feeble head is filled with. People need to learn how to think, not be told what to think. And the ANC, EFF and MK are all about swindling people. SA today is rotten because of far left politics.
When our mental and emotional selves are under pressure, it's hard to make good decisions. All that we do is just survive and not thrive. We need enablement. We need that kind of help. Thank you SMWX.
Great realisation and interaction SMWX with your diligent guest . So knowledgeable, and answers to your questions Sizwe ,intelligently, not forgetting informing us ,educating too. Positive take going forward. Great show Unconditionally 👏 SMWX.
@@pablocharlie🤗🤗🤗 if he had to engage or respond to all comments of avid supporters, I think he would not have time to do the real job of organising and bringing guests and interviewing them. But don’t worry, we are here, we will engage with you 🤗🤗🤗
"Apartheid was a Welfare State"....let's register that in our minds. UBG would begin to harmoniously address the ills of this country and the ongoing trauma of poverty
Which is entirely ANC created. Minroties got richer because they knew the ANC wont favor them, which is clear by all the race based pilitics, but even that only enrinched the ANC as it gave way to giving positions to your buddies regadless of merit. So minroties had to go into entrepeneurial overdrive while the majority stayed largely dependant on the government. Ideology was prioritised over merit, and alongside corruption and mismanagment, we now have a population whom half are on grants, 45% are unemployed, we have the worst education system in the world so now we have a population that isnt equiped enough to be usefull and only more susceptable to government rhetoric. The obvious scapegoat for the ANC to maintain power, was to demonzise minorities. But only further perpetuate poverty the more they double down on socialist policy and identity politics.
Get rid of the ANC, EFF and MK, and things might start getting better again. Naturally that wont happen as people are far too primed to believe otherwise
Summary of what i heard (emphasis on I): 1. Everyone below the pension age gets a Universal Basic Income. 2. This in turn stimulates the economy because buying power increases. 3. Untilmately, it causes a ripple effect and companies grow and create more employment, decreasing the unemployment rate. 4. This finally leads to economic growth.
This is all nonsense🤣. All the money is going to the rich. We are all going to throw all that money at shoprite and Mr Price. We need government to implement a long-term proven industrial growth policy
This is an excellent conversation. The beauty lies in the simplicity. I feel betrayed that our government is denying us the possibility of flourishing.
When we are enabled we become better at making the right choices. I'm moving from survival mentality to thriving mentality. It's not easy but possible. Thank you SMWX.
Sam Altman the C.E.O and founder of OpenAi recently conducted a study in America on UBI. He gave $1000 a month for a period of time and found that it had a significantly positive impact on the lives of the participants from lifting people out of homelessness, allowing people to make rent or even be first time renters, people saved up and people started businesses. Considering our unemployment rate and the threat of automation through ai this would literally save lives in South Africa. Universal Basic Income for all!
The minute Sam Altman was reinstated at OpenAI he brought both Microsoft and a former Clinton advisor onto the Board, and Ilya Sutskever, who was very concerned about the products not being aligned to good human values, was quickly sidelined. Natural, you could assume, because it was Sutskever who wanted to oust him in the first place. But think about it - whose precision AI weaponry is being used in Gaza? Why did that attempted ousting happen shortly after it was clear that Netanyahu was using AI, and we all know how embedded Microsoft is in Israel and how they co-funded AnyVision, which was/used to spy on Palestinians. These are bad actors, in my opinion, Elon Musk included. This interviewee was magnicent, but unless we can keep the outside world out of this system, it won't work. They will suborn it and steal whatever's left of our resources. And suppress any activism. And the chief proponents of the Great Reset and UBI are the WEF, the great ELITE! I would love it to work, for all the poor people in the world, but Sam Altman is not the saviour you might think he is even though his "experiment" has merit.
I'm currently taking Modern Labor Economics at varsity and I totally agree with Isobel, our country's demand is low relative to its population which is why small businesses do not sustain growth. We also do need an universal income welfare system to stimulate the stale demand in the lower income class, which we know makes up most of this country population.
thank you Sizwe for bringing this fantastic mind to unpack the deep rooted poverty issues in this country. Something has to give , the poverty levels are indeed unsustainable. This is a recipe for disaster , social unrest is a not so far bigger problem looming. Those in power better realise this and very soon.
Aside from the multiplier effect, eradicating poverty has a knock on improving effect on public health. Suddenly the arguments against NHI become moot. This was the most interesting interview you’ve done, Sizwe.
Knowledge is power to understand what's going around our country and where we are coming from and here we are today and end up with ANC DA and GNU government of confusion
Locations are filled with Foreigner's spaza shops that are selling counterfeit product...they make 100% profit, that money is not going to the Economy (nor benefiting companies that can create employment) ...what the lady is suggesting can work. However we have this problem...
Brilliant interview! I watched stunned throughout. An indictment on our current politicians (from all parties) and the lack of political will is a tragic. If we want to change for the better, and help one another, then the citizens of SA will have to unite.
WITH SO MUCH RESOURCE OF THE COUNTRY WHICH ARE EMPOWERING FOREGN EN INTERNATIONAL COUNTRIES EN STILL WE REGARDED POOR EN DEVELOPING COUNTRY ITS A SHAME
Our country and it's people are so resilient, I can only imagine how much we'll thrive when things actually start working(for a lack of words) I rate we're ready and willing
Hi Sizwe, I critique your channel alot. I call you lefty this that what what. But I cannot deny that you have the needs and interests of the poor at heart and for that I must commend you. I for one am a firm believer of the UBIG, I think if we can enable the use of our vast resources in our ground and use it to manufacture goods here locally and open up factories and create some menial jobs for us to start of with we can surely generate enough fiscus to enable a big without actually messing with other financial parameters such as tax. Its just my 2 cents. But Big ups to you and your show, grow from strength to strength. I will always be here be here to critique you however where you do something right I will always commend you accordingly. Well done sir with this interview.
Wow I have a lot's of time to listen to this lady her skillful knowledge could come in handy at rescuing our sinking government ship, if only people of her calibre could be put in positions of authority instead of our incompetent cadre deployment state.
She knows whats she's talking about 💚💚💚 It only has to be implemented until the economy grows to a certain threshold. Starting and growing the business is harder because people do not have money to spend. You do not have to teach people how to make money they already know. Enable them.
This is a mind-blowing concept, that could form the basis to totally reform the social security net. Something not mentioned in the funding aspect. This could also have a opt-in-out clause, for the millionaires that doesnt want it.
@@TafadzwaMundida R800 bn sounds about right. SA would have to increase tax collection by around 50% to cover that so it really doesn't sound feasible.
What the meaning of enable them. You can't teach poor people but enable them. What we mean about previously disadvantage is my father was not allowed to purchase property in Bertrams in the 1960 this would have make capital for his children and properties has appreciated now, these are the desperities we are talking about, minority group are now moving in areas where access is R10 Million. My father was not allowed to finish school as it was considered a threat to the apartheid government. So where do you think this generation will get capital from.
I have always said poverty in SA is created, we have more than enough wealth to solve this problem, however our policy makers lack the will. Solving the poverty and housing problem is possible in our life time. The biggest benefit will be a reduction of crime because most of the crime is hunger related.
Giving "fish" instead of teaching them how to fish, is the worst trap for humanity. If they have so much "free" cash, why don't they set up free education and universities. Set up industries, agriculture, farming, infrastructure, power, communications to support healthy employment!! Giving free money make population dependant and weak.
That was my position exactly 20 years ago, my MA argued against BIG. But when I did my PhD using ethnographic methods, I changed my position. Secondary data analysis was used for my Masters. In 2024, I see that we really need the Basic Income Grant.
I must say, I didn't know that a BIG was possible, as the narrative is always we cannot extend our grant programs because the country can't afford it, and it would increase the tax burden on the middle class. But I like that this interview has revealed to the everyday citizen that a BIG is possible, sustainable, and will benefit the economy through job creation and income distribution
I like the idea of a UBI. However, this is more of a patch than a permanent solution. I fear that a UBI can be used as an excuse for not supporting other cheaper and more effective social programs. Why have universal health care when you can use UBI, why have cheap and reliable public transportation when you can uber with your UBI? Most importantly, I fear that rich capitalists will just increase the prices of rent, food and other services and goods because they know you have an extra grand in your pocket. Merely giving a UBI can leave people vulnerable to greedy rich people trying to get a cut. Source: Hakim's video about UBI on RUclips.
Exactly my perspective ❤, I second you on this completely. Also my question to this proposition is where are they going to spend that UBI? Obviously the already rich meaning they will be more richer, so it a big No!
Hi, thanks for a stimulating point. I write from the Netherlands, which has had UBI since the 1950's. It implies a huge income transfer from rich to poor based on a progressive tax system. It is only enough to cover basic essentials such as a roof over your head , food to eat and basic health services. It ensures demand in the economy and indeed the rich continue to profit from that, but it removes the acute crisis of poverty and any incentive for crime or antisocial behaviour. No-one really wants to stay unemployed and people keep trying to advance and participate in the economy in a more fruitful way. The Netherlands is incredibly rich thanks to the economic demand created by UBI.
Exactly, I share the same opinions. The wealthy will just become wealthier and other social programmes will be reduced but the topic is worth more thought.
I am fascinated by the shear amount of wisdom this lady articulates! Paradoxically, people who are intelligent and wise do not have political power to enforce right policies.
I always imagined that presidents and leaders had the foresight to surround themselves with people that were smarter than them. It's something that we learn as children from our parents. When there are kids that outperform you in something, parents encouraged us to befriend those people
I'm an aspiring trader who would rather learn from other traders' experience than investing in the market myself, in anticipation of the next bull run. What are your thoughts on copy trading as well? Do individuals actually earn a living? Just trying to get some reassurance. I want to have a healthy portfolio worth at least $850,000. Reliable inputs please.
The strategies are quite rigorous for the regular. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $130k in passive diversified safe-haven assets, Up 358k so far and pretty sure I'm ready for whatever comes.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
my question is, knowing that a significant amount of money poured into the informal sector leaks out of South Africa's economy because of foreign people's dominance in the sector, how do we ensure the money from the universal grant stays in the economy to have the effect desired?
very profound and interesting discussion, stand outs for me is the "multiplier" effect of grants, critical services transport and local spend are the two big factors impeding any multiplier effect give the lack of formalisation of transport and the fact that local retail is largely foreign owned. social welfare can work, we need better systems, access and adoption of technology, use of vouchers/barter systems to support job funding and creation.
SAB salivating over this topic 😩😭🙆🏾♂️ - they'd see their revenue spike up dramatically probably in the first 3 to 6 months. This is a very great topic although also a double edged sword in our South African context where alcohol and drug abuse are equally a scourge. I think there's need to also address these issues as we look to transition towards the UBI and I for once think the likes of SAB and others have a huge practical responsibility to ensure that we groom a healthier society. Reality is, with this current setting we know that even NFSAS money found its way to enriching SAB and associates - it could be that many of us are truly depressed or it could signal another huge problem. Otherwise ultimately social security is the goal worth pursuing
Sizwe please also get some individuals from the left & the right ( now that we have a better understanding of that) 😂 , to help us understand the Bella bill
Such a fantastic discussion. It is such a difficult place for us progressives to be in these days, faced with an out of control and ravenous capitalist system that resists with all its might against reforms for a truly prosperous and decolonial future for us all
I am 53 years old South African man. I have a wonderful wife and 3 beautiful children. The challenge we have is we are homeless, we keep on renting. We run an ECD centre in Tembisa without funding. We also have a catering business without funding. Please help me. Thank you in advance.
Try partnering with a young person and apply for funding for your catering business. Ensure that your business is registered and been running for more than 6 months.
The president mentioned R75 Billion that has been allocated for the indigent households. Where is the education as to how the poor and vulnerable can access this grant?
At least if this R75 billion can build roads and bridges that can on it own promote taxi businesses to register under JSE, leave containers by every street coner of those roads for small businesses to be registered with the government to take advantage of those containers and build warehouses where those disadvantaged people can make some earnings before they can even start to come to the cities to enrich themselves. That R75 billion can repay itself over years
@@DumisaniHlongwane-ee1qp Yesterday was the 3rd time that I heard about it. Apparently Parks Tau's office incepted it during his time with COJ. The president mentioned the R75 Billion for indigenous households yesterday. Why are they then burdening society with high living costs? He said that Municipalities have to manage, educate and communicate the existence of this fund to assist indigent households. Here is the clip where he mentions this ruclips.net/video/6qcUFZZ2fa8/видео.html
Social grants, welfare all of these don't work and won't work...... bring back our industries, allow our farmers to farm again, why are we importing more than what we are exporting, that is where the problem lies, we used to make all our own clothing, we made everything ourselves, unemployment was zero.
This is what news should be. I tire of all the political posturing that defines our news rather than positive, factual contributions on how we can build a better, more equal society. I just despair to think that this information will never become public in a way that we can put pressure on the government to act quickly.
Of the R800 Billion that would be spent on a basic income grant R600 Billion of it will be in South African Brewery's pockets by the end of the year. It will be the biggest windfall the company could EVER receive.
Corruption is our new system. I don’t know how we can fight to reinvent. We have to appropriate the bots good from our past and this time for everybody.
You know I'm a young black South African male who didn't grow up in a middle class area nor go to model C schools, but rather grew up in what would be referred to as a low income area. I'm always fascinated by the left's concern with the origins of poverty and inequality and almost look at those phenomena as being unusual or not normal to a certain extent. Very few concepts have been as pervasive as Poverty and inequality, I can even say they are inseparable to the human condition for they have been there since the inception of the human race for the human race began in poverty. The conditions of people living below the poverty line have Been normal for Thousands of years in fact those conditions have been improved for many as capitalism has lifted more people out of absolute poverty contrary to Marx's claim that the poor will keep on getting poor. But I'm not there. Point is those conditions of the poor have been normal to world for thousands of years. While Wealth and the high material standards of living we see today have been rare and have only been archived in a minute Fraction of history. The equitable distribution of that wealth has been more rare than the wealth in its self and its pursuit is rather futile. So we shouldn't concern ourselves with poverty for the human race began in poverty, every individual every nation and every civilization began in poverty. What we must concern ourselves with is how did those who are wealthy and have high material standards of living get to those conditions. The answer to that can not simply be oppression or exclusion. The answer can only be HUMAN CAPITAL that is the ability to create the material things that constitute wealth that includes knowledge, education, skills, experiences etc. It's important to understand this because many of us often look at physical things as wealth but everything physical have a short life span so what really matters it is not the money the building nor the business what matters in the ability to create wealth, operate and maintain it or even rebuild it when needs be and that is Human capital. Here is an example, I the 1970s the then president of Uganda president Idi amin thought it wise to basically take the wealth and assets of the Gujaratis who at that time were the backbone of the Ugandan economy and chased them out of the country while giving their wealth and assets to the state and the citizens. In a matter of decades the gujuratis who were chased away destitute got the same wealth and standards that they had before being chased away, while in the same period Uganda had become far poorer country. Simply because they confused wealth to be physical, they looked at the stores and they thought the stores were wealth, they looked, at business and they thought that was wealth, they looked at natural resources and they thought that was wealth when in reality the true wealth was the human capital behind all the physical wealth. This is also why I have a problem with the distribution of income and the redistribution or wealth. 1) contrary to popular belief most income is earned through production and not distribution. This is Macroeconomics 101 the interdependent relationship of Production, income and spending. One can have an income if they are not producing anything. This simple means income distribution is nothing more but taking from those who actually produce and giving to those who produce something. Which brings me to human capital again, the welfare estate kills the incentive for people to develop human capital, why would they when they have guaranteed income for producing nothing. I'm yet to see a case study where people were lifted out of poverty through welfare. In facts those countries which are welfare estate have an increasing rate of poverty. The remedy for poverty is wealth and nothing has created more wealth than free market capitalism and human capital. And for the people who are passionate about the distribution wealth you would think the political left would be just as passionate about the creation and you would be very very wrong. The left have no interest of how wealth is created just how to distribute it. For if they focused on preaching wealth creation they would have no role of significance in the political sphere, but the distribution of wealth on the other hand gives them a role of significance for it requires them to distribute to the poor masses. That's my cue.
Maybe the solution is to deemed every person who received ONLY the UIG as a contractual worker of the state and must perform a fixed number of community service per month for as long as the grant is the only income. Each community has common areas used by all and local government always complain of not having manpower to do basic stuff….
We don’t just have 2 unemployment rates, we have 3: 1. All unemployed 2. Registered as unemployed 3. All unemployed less informal sector, like street vendors
Imagine means testing for R350!!!!! That’s 10 cabbages guys. It’s sick that we debate this at the highest level of government amongst people that fly around the world first class. It’s so sick it’s staggering.
@@darkgalaxy5548 very prosperous nation and the USA and West combine to destroy what was good and he intended to include all countries in African Union he wanted one Africa
@@thulubhekemiya2988 Funny, I never saw Libya as an example of prosperity that was the envy of the world, but rather as an autocratic nation, whose oil revenues brought on the economic ravages of the so called Dutch Disease, and whose unemployment figures were actually higher than several neighboring states.
@@darkgalaxy5548 Dutch disease is typified by privatising natural resources after independence. The Colonel clearly nationalised them. Profits made from exploiting gold and oil *ACTUALLY* supported prolific welfare programmes, boosting literacy and life expectancy in a matter of years, surpassing every African nation in HDI. The UNDP literally classed it as a highly development state in all of MENA. "Democratisation" proved a failure and was meant to denuclearise the region, minus puppet rulers in Egypt. See Clinton notes.
I can't believe some people would rather discuss universal grants over creating jobs. The mentality in this country is why we are where we are. Grant for everyone, free this, free that. It's a shame.
The obvious question, yet it was not asked, and despite Isobel being a lawyer... why not take the south african government to court for failing to fulfill their constitutional obligation which as argued by Isobel is clearly within their means?
A universal income grant would solve really alot of our problems,I support it with all my heart,I wish the country would vote on it and hopefully have it passed as soon as yesterday!,our people need it
@@AnneliedeWet And what did I miss? Plundering people's pension funds for non-existent surpluses? Making the rich pay their fair share? Eliminating corruption?
The problem with the basic income grant is that South Africa will be borrowing to fund this initiative. In a perfect world, you borrow a Rand to make say R1.50. But in this case we will be borrowing and earning zero. That is a recipe for disaster. But on the other hand we have to consider social issues that could ignite and cause far more damage to the economy.
We shouldn't have to borrow when our taxes at least a big chunk of it goes to benefits of our political leaders whereas it can be directed to social development projects infrastructure development projects and services etc
There are many funding mechanisms that can be employed to fund this. A lot of businesses will benefit from an increased spending power, in turn creating more jobs!
@@kiyyahandtimyes we have plenty of natural resources, the problem is we sell it raw instead of finished products. South Africa needs to rapidly industrialise before we can even think about raising social grants.
What we must understand is that people are paid to comment inflammatory things to keep someone away from watching the videos. When we start a podcast the 1st thing we do is go to the comments. Everyone needs to try to discern who is an NPC and who is a critical thinker so we don't engage with the bot comment
I invite all MP's to spend a weekend in Alexander, Ivory Park and Diepsloot without security, maybe they will be in sync with the reality that most of us at the ground have to face day in day out, i believe Isobel is in sync with the reality.
How are you we going to monitor folks who take advantage of the system? There are some ladies having lots of kiddos to get the child grant, but neglect their kids... How are we going to stop this from happening?
Wow, wow, wow... I am kind of like swept off my feet for lack of better emphasis. Isobel Frye's information is actually so vivid, imagine if the policies of the country were drafted by her or a group of politicians with her posture... How unfortunate that we don't have proper tools in our government or political sphere. #SADFACE😞😞😞
If I had R1500 extra, I'd be able to afford electricity and bread for a whole month. And I'd be able to afford more fertilizer and compost for my farm. A greenhouse in a few months, I'd be able to install irrigation. Get some pesticides, get a storage warehouse and so on and so on. If I knew I'd be getting that money I'd be able to plan for much further in life.
Where will the money come from? Government is allready borrowing to spend, take it from some budget or the alternative will be money printing. We only have to look over the fence to see how that goes...
![YoungBoy Never Broke Again - Sneaking [Official Video]](http://i.ytimg.com/vi/1ILUps2zDFU/mqdefault.jpg)
Thank you Sizwe for your guest, very insightful
She is instantly one of my south african hero's...thank u...walsh
I must say, this lady is absolutely brilliant. She offers a pure, neutral perspective, evaluating the issue from an external lens with creativity that shines in her well-thought-out, practical, and pragmatic problem-solving. She is the most brilliant person you've ever had on your show-none before her even come close.
What makes her brilliant?
What a honest lady...
@@Gawieseplaasread the comment again 😂 you’ll get your answer
@@mayibongwengcongo408 😂
@@nqobazungu8813nice one😂
I would vote for this policy.🙏🏽
The likes of Sizwe and other young South African minds need to be part of the organizing committee for the "National Dialogue" in order to participate in setting up the agenda because the elders there I suspect will gloss over a number of pressing current issues and owning up to mistakes made in the past which find us at this current juncture. Very important conversation around the history of state intervention, the BIG and economic growth. Thank you SMW for bringing Isobel.
I think South Africa is not ready for conversations like this. The majority of our people are still not politically aware and you could see from the previous elections results. The anc does not deserve to be in government leadership but guess what… The current government lack the perspectives of the far left which is being dismissed by the media in this country. There cannot be discussions of welfare state without the far left parties involved. At the moment, our lack of political awareness cheat us the balance of perspectives.
@@EFF2UnionBuildingBecause far lefties are ideologues, who disregard merit and only seek to burn everything down just to lvl the playingfield. Socialism and Communism, have brought ruin to many nations and many lives were lost. Youd know that but your clearly EFF and therefor you typically know fkol aboit history, and only formulate ideas with the little context your feeble head is filled with. People need to learn how to think, not be told what to think. And the ANC, EFF and MK are all about swindling people. SA today is rotten because of far left politics.
When our mental and emotional selves are under pressure, it's hard to make good decisions. All that we do is just survive and not thrive.
We need enablement. We need that kind of help.
Thank you SMWX.
Please invite her often - together with Mark Heywood. They speak context of SA citizen's pain and struggle...🙏🙏🙏
A lot of interesting and challenging issues that require thorough debate by SAns. Well done to the SMWX - this channel is delivering
Thanks for introducing these heroes of our society such as Isobel Frye , thanks for honouring them for the great work they do.
Great realisation and interaction SMWX with your diligent guest . So knowledgeable, and answers to your questions Sizwe ,intelligently, not forgetting informing us ,educating too. Positive take going forward. Great show Unconditionally 👏 SMWX.
Thank you! 🔥
@@_SMWXWhy always ignore my comments, i’m an avid Sizwe supporter and i get treated like this 😐
@@pablocharlie🤗🤗🤗 if he had to engage or respond to all comments of avid supporters, I think he would not have time to do the real job of organising and bringing guests and interviewing them.
But don’t worry, we are here, we will engage with you 🤗🤗🤗
"Apartheid was a Welfare State"....let's register that in our minds.
UBG would begin to harmoniously address the ills of this country and the ongoing trauma of poverty
Agree with you totally
Which is entirely ANC created. Minroties got richer because they knew the ANC wont favor them, which is clear by all the race based pilitics, but even that only enrinched the ANC as it gave way to giving positions to your buddies regadless of merit. So minroties had to go into entrepeneurial overdrive while the majority stayed largely dependant on the government. Ideology was prioritised over merit, and alongside corruption and mismanagment, we now have a population whom half are on grants, 45% are unemployed, we have the worst education system in the world so now we have a population that isnt equiped enough to be usefull and only more susceptable to government rhetoric. The obvious scapegoat for the ANC to maintain power, was to demonzise minorities. But only further perpetuate poverty the more they double down on socialist policy and identity politics.
Get rid of the ANC, EFF and MK, and things might start getting better again. Naturally that wont happen as people are far too primed to believe otherwise
@@M3l_0N666 stupid comment so that we allow racism and inequality practice of DA .
Isobel Frye, is a visionary needed in these policy and decision making times. Absolutely Enlightening 💯 SMWX.
She qualifies for policy making🤗🤗
We need more people like her.
Summary of what i heard (emphasis on I):
1. Everyone below the pension age gets a Universal Basic Income.
2. This in turn stimulates the economy because buying power increases.
3. Untilmately, it causes a ripple effect and companies grow and create more employment, decreasing the unemployment rate.
4. This finally leads to economic growth.
@@givenupj4521 I'd say that sums it up. Now we need to mobilise and demand it from our government
This is all nonsense🤣. All the money is going to the rich.
We are all going to throw all that money at shoprite and Mr Price.
We need government to implement a long-term proven industrial growth policy
@@boi_benji6431 and crapping this will harm the rich so much
@@boi_benji6431
Its like you haven't listened to the video.
UBI is a socialist policy. Socialism only works until you run out of someone else's money. She is a Marxist with BS WEF views. People need to wake up.
This is an excellent conversation. The beauty lies in the simplicity. I feel betrayed that our government is denying us the possibility of flourishing.
When we are enabled we become better at making the right choices. I'm moving from survival mentality to thriving mentality. It's not easy but possible.
Thank you SMWX.
Powerful conversation and eye opener. Thanks!
Thank you!
Our country so blessed with world visionaries like that. What a day to be alive!!
Guy Standing is another individual who makes a great argument for universal basic income. Thank you, Sizwe. These discussions are very important.
Wow, what powerful information. Thank you.
A very insightful and thought provoking interview. Leaves one with something to think about, right on facts no politics.
Sam Altman the C.E.O and founder of OpenAi recently conducted a study in America on UBI. He gave $1000 a month for a period of time and found that it had a significantly positive impact on the lives of the participants from lifting people out of homelessness, allowing people to make rent or even be first time renters, people saved up and people started businesses. Considering our unemployment rate and the threat of automation through ai this would literally save lives in South Africa. Universal Basic Income for all!
The minute Sam Altman was reinstated at OpenAI he brought both Microsoft and a former Clinton advisor onto the Board, and Ilya Sutskever, who was very concerned about the products not being aligned to good human values, was quickly sidelined. Natural, you could assume, because it was Sutskever who wanted to oust him in the first place. But think about it - whose precision AI weaponry is being used in Gaza? Why did that attempted ousting happen shortly after it was clear that Netanyahu was using AI, and we all know how embedded Microsoft is in Israel and how they co-funded AnyVision, which was/used to spy on Palestinians. These are bad actors, in my opinion, Elon Musk included. This interviewee was magnicent, but unless we can keep the outside world out of this system, it won't work. They will suborn it and steal whatever's left of our resources. And suppress any activism. And the chief proponents of the Great Reset and UBI are the WEF, the great ELITE! I would love it to work, for all the poor people in the world, but Sam Altman is not the saviour you might think he is even though his "experiment" has merit.
Sizwe, I need a part 2! 🤌🏽
I'm currently taking Modern Labor Economics at varsity and I totally agree with Isobel, our country's demand is low relative to its population which is why small businesses do not sustain growth. We also do need an universal income welfare system to stimulate the stale demand in the lower income class, which we know makes up most of this country population.
thank you Sizwe for bringing this fantastic mind to unpack the deep rooted poverty issues in this country. Something has to give , the poverty levels are indeed unsustainable. This is a recipe for disaster , social unrest is a not so far bigger problem looming. Those in power better realise this and very soon.
Aside from the multiplier effect, eradicating poverty has a knock on improving effect on public health. Suddenly the arguments against NHI become moot. This was the most interesting interview you’ve done, Sizwe.
Knowledge is power to understand what's going around our country and where we are coming from and here we are today and end up with ANC DA and GNU government of confusion
Thank you soooo much for this discussion
I would cut , Mp , & ministerial salaries … I am sure we could get more money in the economy😂😂😂
Locations are filled with Foreigner's spaza shops that are selling counterfeit product...they make 100% profit, that money is not going to the Economy (nor benefiting companies that can create employment) ...what the lady is suggesting can work. However we have this problem...
You are being very reductive.
This video has totally changed my views on UBI
Let’s sign a register bafethu❤
Where to sign
Great interview, very interesting..
Brilliant interview! I watched stunned throughout. An indictment on our current politicians (from all parties) and the lack of political will is a tragic. If we want to change for the better, and help one another, then the citizens of SA will have to unite.
In south Africa we need women like her. 🙏🙏🙏❤️❤️❤️❤️💅💅💅💅💅💃💃💃💃
Do you mean people like her?
3 minutes in, and I can already tell it's going to be a dope episode
WITH SO MUCH RESOURCE OF THE COUNTRY WHICH ARE EMPOWERING FOREGN EN INTERNATIONAL COUNTRIES EN STILL WE REGARDED POOR EN DEVELOPING COUNTRY ITS A SHAME
Our country and it's people are so resilient, I can only imagine how much we'll thrive when things actually start working(for a lack of words)
I rate we're ready and willing
Hi Sizwe, I critique your channel alot. I call you lefty this that what what. But I cannot deny that you have the needs and interests of the poor at heart and for that I must commend you. I for one am a firm believer of the UBIG, I think if we can enable the use of our vast resources in our ground and use it to manufacture goods here locally and open up factories and create some menial jobs for us to start of with we can surely generate enough fiscus to enable a big without actually messing with other financial parameters such as tax. Its just my 2 cents. But Big ups to you and your show, grow from strength to strength. I will always be here be here to critique you however where you do something right I will always commend you accordingly. Well done sir with this interview.
Wow I have a lot's of time to listen to this lady her skillful knowledge could come in handy at rescuing our sinking government ship, if only people of her calibre could be put in positions of authority instead of our incompetent cadre deployment state.
She knows whats she's talking about 💚💚💚 It only has to be implemented until the economy grows to a certain threshold. Starting and growing the business is harder because people do not have money to spend. You do not have to teach people how to make money they already know. Enable them.
This is a mind-blowing concept, that could form the basis to totally reform the social security net.
Something not mentioned in the funding aspect. This could also have a opt-in-out clause, for the millionaires that doesnt want it.
As someone who is highly suspicious of any idea related to the UBI, this lady is convincing. I challenge you to invite someone who disagrees with her.
The tricky part is always the financing
@@TafadzwaMundida
She did deal with it.
@@AnneliedeWet not sure her maths adds up to R800bn per year
Can also take away projects, like Road Accident Fund imo.
@@TafadzwaMundida R800 bn sounds about right.
SA would have to increase tax collection by around 50% to cover that so it really doesn't sound feasible.
What the meaning of enable them. You can't teach poor people but enable them. What we mean about previously disadvantage is my father was not allowed to purchase property in Bertrams in the 1960 this would have make capital for his children and properties has appreciated now, these are the desperities we are talking about, minority group are now moving in areas where access is R10 Million. My father was not allowed to finish school as it was considered a threat to the apartheid government. So where do you think this generation will get capital from.
What about service costs like electricity and water supply, the costs of which are so high. Plus food production is becoming weaponised by the rich.
I have always said poverty in SA is created, we have more than enough wealth to solve this problem, however our policy makers lack the will. Solving the poverty and housing problem is possible in our life time. The biggest benefit will be a reduction of crime because most of the crime is hunger related.
Radical Economic transformation and proper accountable governance are the only way to solve most of the SA's problems.
I agree to this Universal Basic Income Grant.
Giving "fish" instead of teaching them how to fish, is the worst trap for humanity.
If they have so much "free" cash, why don't they set up free education and universities. Set up industries, agriculture, farming, infrastructure, power, communications to support healthy employment!!
Giving free money make population dependant and weak.
They also drink alcohol with that money.
That was my position exactly 20 years ago, my MA argued against BIG.
But when I did my PhD using ethnographic methods, I changed my position. Secondary data analysis was used for my Masters. In 2024, I see that we really need the Basic Income Grant.
This is the workable solution for most African countries.
Especially because Africa has resources
I must say, I didn't know that a BIG was possible, as the narrative is always we cannot extend our grant programs because the country can't afford it, and it would increase the tax burden on the middle class. But I like that this interview has revealed to the everyday citizen that a BIG is possible, sustainable, and will benefit the economy through job creation and income distribution
I like the idea of a UBI. However, this is more of a patch than a permanent solution. I fear that a UBI can be used as an excuse for not supporting other cheaper and more effective social programs. Why have universal health care when you can use UBI, why have cheap and reliable public transportation when you can uber with your UBI?
Most importantly, I fear that rich capitalists will just increase the prices of rent, food and other services and goods because they know you have an extra grand in your pocket. Merely giving a UBI can leave people vulnerable to greedy rich people trying to get a cut.
Source: Hakim's video about UBI on RUclips.
Exactly my perspective ❤, I second you on this completely. Also my question to this proposition is where are they going to spend that UBI? Obviously the already rich meaning they will be more richer, so it a big No!
Hi, thanks for a stimulating point. I write from the Netherlands, which has had UBI since the 1950's. It implies a huge income transfer from rich to poor based on a progressive tax system. It is only enough to cover basic essentials such as a roof over your head , food to eat and basic health services. It ensures demand in the economy and indeed the rich continue to profit from that, but it removes the acute crisis of poverty and any incentive for crime or antisocial behaviour. No-one really wants to stay unemployed and people keep trying to advance and participate in the economy in a more fruitful way. The Netherlands is incredibly rich thanks to the economic demand created by UBI.
@@Kanariepiet-rq7lt make sense I get this now💯. It does more good than bad
Exactly, I share the same opinions. The wealthy will just become wealthier and other social programmes will be reduced but the topic is worth more thought.
YES!!! This point!
Very informative and brilliant episode.
Isobel Frye! CHIEF of STAFF for "Baas John"! Brilliant, Articulated! Thunbs up!
Without a doubt she is Brilliant
Mhhh....thsnk you for such a great interview. So impressive.
BIG in our lifetime ❤
Please assist with the BELA bill, what exactly does it mean..🙏🏾
Good work wish it would be implemented
I am fascinated by the shear amount of wisdom this lady articulates! Paradoxically, people who are intelligent and wise do not have political power to enforce right policies.
I always imagined that presidents and leaders had the foresight to surround themselves with people that were smarter than them. It's something that we learn as children from our parents. When there are kids that outperform you in something, parents encouraged us to befriend those people
I'm an aspiring trader who would rather learn from other traders' experience than investing in the market myself, in anticipation of the next bull run. What are your thoughts on copy trading as well? Do individuals actually earn a living? Just trying to get some reassurance. I want to have a healthy portfolio worth at least $850,000. Reliable inputs please.
The strategies are quite rigorous for the regular. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $130k in passive diversified safe-haven assets, Up 358k so far and pretty sure I'm ready for whatever comes.
I could really use the expertise of this advisors
Her name is *Layan Talia Chokr* , Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
I love her so much ❤❤❤
first one to like, first one to watch...im slowly becoming a hardcore fan
Very good and thought provoking interview......
my question is, knowing that a significant amount of money poured into the informal sector leaks out of South Africa's economy because of foreign people's dominance in the sector, how do we ensure the money from the universal grant stays in the economy to have the effect desired?
It will call for immigration laws reform, alcohol regulation, including betting / gambling.
very profound and interesting discussion, stand outs for me is the "multiplier" effect of grants, critical services transport and local spend are the two big factors impeding any multiplier effect give the lack of formalisation of transport and the fact that local retail is largely foreign owned. social welfare can work, we need better systems, access and adoption of technology, use of vouchers/barter systems to support job funding and creation.
Absolutely mind blowing.
SAB salivating over this topic 😩😭🙆🏾♂️ - they'd see their revenue spike up dramatically probably in the first 3 to 6 months.
This is a very great topic although also a double edged sword in our South African context where alcohol and drug abuse are equally a scourge. I think there's need to also address these issues as we look to transition towards the UBI and I for once think the likes of SAB and others have a huge practical responsibility to ensure that we groom a healthier society.
Reality is, with this current setting we know that even NFSAS money found its way to enriching SAB and associates - it could be that many of us are truly depressed or it could signal another huge problem.
Otherwise ultimately social security is the goal worth pursuing
Sizwe please also get some individuals from the left & the right ( now that we have a better understanding of that) 😂 , to help us understand the Bella bill
😂😂😂 we are in a lecture hall as we sit whereas we are 😂😂😂 Dankie SMWX
#SpreadTheFire 🌍🇿🇦❤️
Such a fantastic discussion. It is such a difficult place for us progressives to be in these days, faced with an out of control and ravenous capitalist system that resists with all its might against reforms for a truly prosperous and decolonial future for us all
I am 53 years old South African man. I have a wonderful wife and 3 beautiful children. The challenge we have is we are homeless, we keep on renting. We run an ECD centre in Tembisa without funding. We also have a catering business without funding. Please help me. Thank you in advance.
Try partnering with a young person and apply for funding for your catering business. Ensure that your business is registered and been running for more than 6 months.
Word is bond,We give thanks🍃🧩🥋🔦
The president mentioned R75 Billion that has been allocated for the indigent households. Where is the education as to how the poor and vulnerable can access this grant?
At least if this R75 billion can build roads and bridges that can on it own promote taxi businesses to register under JSE, leave containers by every street coner of those roads for small businesses to be registered with the government to take advantage of those containers and build warehouses where those disadvantaged people can make some earnings before they can even start to come to the cities to enrich themselves. That R75 billion can repay itself over years
@@DumisaniHlongwane-ee1qp Yesterday was the 3rd time that I heard about it. Apparently Parks Tau's office incepted it during his time with COJ. The president mentioned the R75 Billion for indigenous households yesterday. Why are they then burdening society with high living costs? He said that Municipalities have to manage, educate and communicate the existence of this fund to assist indigent households. Here is the clip where he mentions this ruclips.net/video/6qcUFZZ2fa8/видео.html
When are these episodes arriving on Spotify 🙄
Social grants, welfare all of these don't work and won't work...... bring back our industries, allow our farmers to farm again, why are we importing more than what we are exporting, that is where the problem lies, we used to make all our own clothing, we made everything ourselves, unemployment was zero.
Where does the money come from ?
People needs jobs that have been killed by governments bad policies .
This is what news should be. I tire of all the political posturing that defines our news rather than positive, factual contributions on how we can build a better, more equal society. I just despair to think that this information will never become public in a way that we can put pressure on the government to act quickly.
Of the R800 Billion that would be spent on a basic income grant R600 Billion of it will be in South African Brewery's pockets by the end of the year. It will be the biggest windfall the company could EVER receive.
The rich will get richer and nothing will change.
Perhaps a regulation on alcohol consumption and sport betting is required.
Eyy Sizwe; tell me ... What triggered that laughter in 36:02 😂😂😂😂😂❤❤❤ Elore ho na le cassette mona
Suggesting implementation of UBI with the current porous borders is suicidal.
Corruption is our new system. I don’t know how we can fight to reinvent. We have to appropriate the bots good from our past and this time for everybody.
listen to it again Ralph : especially the part about Marco Economic Framework
The South African Government have to Boost our Economy and also do something drastically, before one will get Social Unrest...😮
You know I'm a young black South African male who didn't grow up in a middle class area nor go to model C schools, but rather grew up in what would be referred to as a low income area. I'm always fascinated by the left's concern with the origins of poverty and inequality and almost look at those phenomena as being unusual or not normal to a certain extent. Very few concepts have been as pervasive as Poverty and inequality, I can even say they are inseparable to the human condition for they have been there since the inception of the human race for the human race began in poverty. The conditions of people living below the poverty line have Been normal for Thousands of years in fact those conditions have been improved for many as capitalism has lifted more people out of absolute poverty contrary to Marx's claim that the poor will keep on getting poor. But I'm not there. Point is those conditions of the poor have been normal to world for thousands of years. While Wealth and the high material standards of living we see today have been rare and have only been archived in a minute Fraction of history. The equitable distribution of that wealth has been more rare than the wealth in its self and its pursuit is rather futile.
So we shouldn't concern ourselves with poverty for the human race began in poverty, every individual every nation and every civilization began in poverty. What we must concern ourselves with is how did those who are wealthy and have high material standards of living get to those conditions. The answer to that can not simply be oppression or exclusion. The answer can only be HUMAN CAPITAL that is the ability to create the material things that constitute wealth that includes knowledge, education, skills, experiences etc.
It's important to understand this because many of us often look at physical things as wealth but everything physical have a short life span so what really matters it is not the money the building nor the business what matters in the ability to create wealth, operate and maintain it or even rebuild it when needs be and that is Human capital.
Here is an example, I the 1970s the then president of Uganda president Idi amin thought it wise to basically take the wealth and assets of the Gujaratis who at that time were the backbone of the Ugandan economy and chased them out of the country while giving their wealth and assets to the state and the citizens. In a matter of decades the gujuratis who were chased away destitute got the same wealth and standards that they had before being chased away, while in the same period Uganda had become far poorer country. Simply because they confused wealth to be physical, they looked at the stores and they thought the stores were wealth, they looked, at business and they thought that was wealth, they looked at natural resources and they thought that was wealth when in reality the true wealth was the human capital behind all the physical wealth.
This is also why I have a problem with the distribution of income and the redistribution or wealth.
1) contrary to popular belief most income is earned through production and not distribution. This is Macroeconomics 101 the interdependent relationship of Production, income and spending. One can have an income if they are not producing anything. This simple means income distribution is nothing more but taking from those who actually produce and giving to those who produce something. Which brings me to human capital again, the welfare estate kills the incentive for people to develop human capital, why would they when they have guaranteed income for producing nothing.
I'm yet to see a case study where people were lifted out of poverty through welfare. In facts those countries which are welfare estate have an increasing rate of poverty.
The remedy for poverty is wealth and nothing has created more wealth than free market capitalism and human capital. And for the people who are passionate about the distribution wealth you would think the political left would be just as passionate about the creation and you would be very very wrong. The left have no interest of how wealth is created just how to distribute it. For if they focused on preaching wealth creation they would have no role of significance in the political sphere, but the distribution of wealth on the other hand gives them a role of significance for it requires them to distribute to the poor masses. That's my cue.
Maybe the solution is to deemed every person who received ONLY the UIG as a contractual worker of the state and must perform a fixed number of community service per month for as long as the grant is the only income. Each community has common areas used by all and local government always complain of not having manpower to do basic stuff….
Great comment. Read it 3 times. Thank you for that
We don’t just have 2 unemployment rates, we have 3:
1. All unemployed
2. Registered as unemployed
3. All unemployed less informal sector, like street vendors
Do you think pension for black and white is equal?
Imagine means testing for R350!!!!! That’s 10 cabbages guys. It’s sick that we debate this at the highest level of government amongst people that fly around the world first class. It’s so sick it’s staggering.
Tax and VAT can be assisted by government companies (SOE's) increase them by adding mines. Kuningi okungenziwa inkinga abafuni. Gaddafi did it by ease
And Libya was such a prosperous nation before Gaddafi's demise, wasn't it?
@@darkgalaxy5548 very prosperous nation and the USA and West combine to destroy what was good and he intended to include all countries in African Union he wanted one Africa
@@thulubhekemiya2988 Funny, I never saw Libya as an example of prosperity that was the envy of the world, but rather as an autocratic nation, whose oil revenues brought on the economic ravages of the so called Dutch Disease, and whose unemployment figures were actually higher than several neighboring states.
@@darkgalaxy5548 Dutch disease is typified by privatising natural resources after independence. The Colonel clearly nationalised them. Profits made from exploiting gold and oil *ACTUALLY* supported prolific welfare programmes, boosting literacy and life expectancy in a matter of years, surpassing every African nation in HDI. The UNDP literally classed it as a highly development state in all of MENA. "Democratisation" proved a failure and was meant to denuclearise the region, minus puppet rulers in Egypt. See Clinton notes.
I can't believe some people would rather discuss universal grants over creating jobs. The mentality in this country is why we are where we are. Grant for everyone, free this, free that. It's a shame.
Illogical and unreasonable. For them to think I want grant as a black person. Absurd...😡
Its a social experiment. The very nature of an experiment is to see the results. Risky, I would say, but worth a shot...
Did you actually listen to what she said? You're too quick to jump. Go back and listen to the podcast again. Now.
He wasn't listening and he was quick to being a typist
Have you even listened to the video? What she proposes actually creates jobs!
The obvious question, yet it was not asked, and despite Isobel being a lawyer... why not take the south african government to court for failing to fulfill their constitutional obligation which as argued by Isobel is clearly within their means?
Give people their land back. everyone war farming before capitalism was created and forced on the ppl.
Have you factored in equity income incomes wasted on booze, drugs and other other contraband goods?
A universal income grant would solve really alot of our problems,I support it with all my heart,I wish the country would vote on it and hopefully have it passed as soon as yesterday!,our people need it
Any idea on where this money will come from?
@@darkgalaxy5548
Its like you didn't listen to the video.
@@AnneliedeWet And what did I miss? Plundering people's pension funds for non-existent surpluses? Making the rich pay their fair share? Eliminating corruption?
@@darkgalaxy5548 yes
@@darkgalaxy5548 Watch the interview again and try your best to understand what she was saying
The problem with the basic income grant is that South Africa will be borrowing to fund this initiative. In a perfect world, you borrow a Rand to make say R1.50. But in this case we will be borrowing and earning zero. That is a recipe for disaster. But on the other hand we have to consider social issues that could ignite and cause far more damage to the economy.
We shouldn't have to borrow when our taxes at least a big chunk of it goes to benefits of our political leaders whereas it can be directed to social development projects infrastructure development projects and services etc
Borrow for what? South Africa (110,000 kg, 68.32% of world's platinum)
There are many funding mechanisms that can be employed to fund this. A lot of businesses will benefit from an increased spending power, in turn creating more jobs!
@@kiyyahandtimyes we have plenty of natural resources, the problem is we sell it raw instead of finished products. South Africa needs to rapidly industrialise before we can even think about raising social grants.
If not borrowed funds, it will be a case of impoverishing Pietie to pay Paulie et al...
What we must understand is that people are paid to comment inflammatory things to keep someone away from watching the videos. When we start a podcast the 1st thing we do is go to the comments. Everyone needs to try to discern who is an NPC and who is a critical thinker so we don't engage with the bot comment
I invite all MP's to spend a weekend in Alexander, Ivory Park and Diepsloot without security, maybe they will be in sync with the reality that most of us at the ground have to face day in day out, i believe Isobel is in sync with the reality.
How are you we going to monitor folks who take advantage of the system? There are some ladies having lots of kiddos to get the child grant, but neglect their kids... How are we going to stop this from happening?
Wow, wow, wow... I am kind of like swept off my feet for lack of better emphasis. Isobel Frye's information is actually so vivid, imagine if the policies of the country were drafted by her or a group of politicians with her posture... How unfortunate that we don't have proper tools in our government or political sphere. #SADFACE😞😞😞
If I had R1500 extra, I'd be able to afford electricity and bread for a whole month. And I'd be able to afford more fertilizer and compost for my farm. A greenhouse in a few months, I'd be able to install irrigation. Get some pesticides, get a storage warehouse and so on and so on. If I knew I'd be getting that money I'd be able to plan for much further in life.
Where will the money come from?
Government is allready borrowing to spend, take it from some budget or the alternative will be money printing.
We only have to look over the fence to see how that goes...
Impressive inpute there,you wander why revolution have to come twice in Africa