Responding to Rob Hersov’s comments on the DiData Campus judgement, David Matthews assures that the fraud was not a failure of capitalism – something Hersov pondered – but rather a failure of human nature.
Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.
The seventh BizNews Conference, BNC#7, is to be held in Hermanus from March 11 to 13, 2025. The 2025 BizNews Conference is designed to provide an excellent opportunity for members of the BizNews community to interact directly with the keynote speakers, old (and new) friends from previous BNC events – and to interact with members of the BizNews team. Register for BNC#7 here.
By David Matthews
I am the author of an article on capitalism that you published on November 3rd. Today I have just watched Alec’s interview with Rob Hersov in which the latter expressed the embarrassment he felt at capitalism’s failure in respect of the recent Di Data fraud.
Just a note for Rob suggesting that the fraud wasn’t a failure of capitalism, but of human nature. Fraud happens just as frequently, if not more, in socialist and communist societies, and the great advantage in it happening in a capitalist society is that it is far more likely to publicly exposed, judged, and punished than in an authoritarian state.
Regards
David Matthews
Read also:
