The Origins of Poverty in the Transkei and the Making of a Dual Economy Dr. Ariel Lashansky The following historical account is adapted from the superb book “The Origins of Power, Prosperity, and Poverty”

These are the typical ATM lines in Umtata, the capital of the former Transkei (now Eastern Cape of South Africa). Paper money is soooo boring. Not to mention dangerous 😵 Imagine how many fields could