Juan Regache: In October of 2001 Argentina was in crisis. I had to close my business. There were no customers. I had fixed costs I could not avoid –wages, taxes, rent, utilities.
Howard Richards: October of 2001 was two months before the complete collapse of the economy on December 14, 2001, when bank accounts were frozen and nobody could access their savings or write checks. What kind of business did you have ?
By Howard Richards
New times call for new ideas. In a desperate situation, like that of South Africa today, some people may be willing to consider the new ideas that are on offer, going on the lookout for measures that might work. Others may have their minds already made up; they might be already sure that they know what miracle, if it would only happen, would save South Africa. read more
The challenge- Human exploitation:
The greatest challenge facing humanity today, I would say, is exploitation of a group of people by other groups of people. It is I believe one of the most pressing problems today. Daily in the world we see people working hard, e.g. the domestic worker, the farm worker, the factory worker and so on. They leave home before we even get up from our beds, they walk and commute long distances to get to work because they do not have their own cars and in most cases they live far from their work places. Their work is hard and farm workers work in all weathers. Yet they earn a miniscule percentage of what we earn, and are treated as “second class citizens”. They are the working poor, they are not unemployed yet they have very little money to be able to live a comfortable life. Importantly they are not counted in the statistics of the poor. read more