Conversations Persuaded Mandela on Globalization and Free Markets
When he was released from prison in 1990, Nelson Mandela told followers he believed in nationalization of South Africa's businesses and industries and insisted that would remain the policy of the African National Congress (ANC). His friend and biographer Anthony Sampson says conversations at the World Economic Forum in Davos, Switzerland in 1992 changed his mind. Samson says Mandela told him conversations with other world leaders convinced him capitalism and free markets were necessary to get the foreign investment South Africa needed for growth. The country has capitalism and growth, but Mandela's dream of equal opportunity remains elusive. Read Andrew Ross Sorkin's New York Times column.