Biographical note: Peter Engelhard (Dr. rer. pol.) arbeitet als Volkswirt im Vorstandsstab eines deutschen Industriekonzerns. Sein privates und ehrenamtliches Interesse gilt der wirtschaftswissenschaftlichen Ideengeschichte.

Abstract From the Apartheid régime, South Africa inherited a very disproportional distribution of income and wealth, leading to a persistent material discrimination of the majority of its citizens. This may only be overcome by large scale measures of economic and social reform. Those are...