President Thabo Mbeki's criticism of the market economy in The Guardian newspaper undermines South Africa's credibility, the Democratic Alliance said on Wednesday.
DA finance spokesperson Raenette Taljaard said in a statement it was incomprehensible that Mbeki should do this on the same day that he meets with United States President George Bush.
In an article in The Guardian newspaper Mbeki said the means to ensure human survival was privately owned.
In this sense the market dictated the rules that human society set itself, he stated.
"This neoliberal-conservative economic paradigm represents the political expression of the rules of 'the market'. Consistent with the logic of the market, it emphasises the 'private', as opposed to the 'public'; the individual, as opposed to the collective; the individual versus the state," Mbeki said.
Taljaard said the article was highly problematic.
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