*This article first appeared, under a different heading, as a column in The Herald on Friday 3rd of December 2021.
In the classical sense, the term “state capture” is the expression of a truism that those in control of the economy seek to control the levers of state so that their economic interests are protected by that state. In the South African sense, it has been taken further to include the enablement of looting from the state, rather than the championing of a particular economic philosophy.
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