🇿🇦 South Africa 5h ago

The myth of rational choice in a world of inequality

IOL South Africa
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The myth of rational choice in a world of inequality
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Political economist Nco Dube argues that expecting the poor to behave “rationally” ignores the harsh realities of scarcity, inequality and historical dispossession. It contends that poverty limits cognitive capacity, distorts decision-making and reflects systemic policy failures rather than individual shortcomings. The article calls for a shift away from moralising poverty toward structural reforms that prioritise dignity, redistribution and meaningful economic inclusion.

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