SCHUMPETERIAANSE ENTREPRENEURSKAP IN DIE LANDBOUSEKTOR VAN DIE NUWE SUID-AFRIKA

S. J. Terreblanche

Agrekon, 1993, vol. 32, issue 4

Abstract: Schumpeter claims that the entrepreneur - who occasionally succeeds with a new bundle of innovations to set a process of Creative Destruction in motion - is in effect responsible for the dynamic character of capitalism. He was, nonetheless, of the opinion that entrepreneurial capitalism cannot survive its own success because it produced by virtue of its very success social and cultural by-products which will create circumstances that in the long run will not be conducive to providing that kind of protection, support and acknowledgement the entrepreneur needs. Because of the rise of large-scale corporative enterprises, the agricultural sector is today one of the few sectors in which the business form of owner-entrepreneur is still commonly in use. South Africa is at present experiencing a powershift toward a new dispensation. In the next 10 or 20 years a pluralistic network of power blocks must be brought about with the capacity to have a countervailing effect on one another. If this can be accomplished it will not only give structure and stability to the situation, but can also create CIRCUMSTANCES that will be conducive to the deployment of Schutnpeterian entrepreneurship in the agricultural sector. Even if such favourable conditions could be created for agriculture, it will still demand high standards of resourcefulness, adaptability and farsightedness of the entrepreneur if he really wants to succeed.

Keywords: Agricultural and Food Policy; Agricultural Finance (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:ags:agreko:267595

DOI: 10.22004/ag.econ.267595

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