The Ben Bernank asked IBM CEO Sam Palmisano what Washington can do to stimulate business investment and create jobs going forward, and Mr Palmisano’s answer and solution was very simply that business people (capitalists) need more clarity. Don’t toggle with tax rates, don’t change regulations every year, don’t spend any money, let the market allocate resources and determine interest rates – and jobs will come. (Clip duration 2m 40s ).
Ebrahim Patel, Michael Power, and Pravin Gordhan are you guys listening?