Phiroshaw Camay and Tim Cohen discuss Cohen’s new book, A Piece of the Pie.
In South Africa, a debate has arisen over whether nationalizing private enterprise can reduce poverty. Cohen, a journalist for the South African journalBusiness Day, argues against nationalizing the mining industry in his work, but thinks there might be a case for nationalizing health care, oil, and markets dependent on networks. Both panelists argued that structural impediments such as the difficulty of opening a bank account make it harder for entrepreneurs. Camay, for his part, questioned whether it might be possible to develop co-operative ownership structures or to create a culture of sharing privately held capital.