20 years after losing the war and being bombarded with atomic bombs, Japan rose from the ashes to become the world's 2nd largest economy without following Western "free-market" capitalism, or any of it's iterations. This is how they did it...

The Japanese realised immediately after the war in 1945 that they were not a 1st world country, and so they could not do what America, for instance was doing with it's economy. This was the 1st step to economic recovery

What Japan did was to implement a 'wartime economy', i.e they directed funds towards what the Japanese people needed (as opposed to what foreign investors wanted). So, resources were channeled towards agricultural, manufacturing and service sectors to help rebuild the economy

Very importantly, the Japanese leadership applied a principle called "Window Guidance", meaning the state bank 'guided' commercial banks as to which projects and sectors of the economy they had to finance, and targets of how much they would HAVE to lend out in a particular period

The Bank of Japan gave quarterly instructions to each bank on the value of loans and which industrial sectors they should be allocated to. Loans would be divided into sectors and sub-sectors. The central bank decided which projects should be encouraged or not

Essentially, Japan applied and adapted a wartime economy (where the state decided which aspects of war were to be funded) to the production of industrial and consumer goods

Commercial banks could not lend or withhold lending as they wished, else there would be consequences from the central bank. This is not very free-markety, and it's definitely not a good system for capitalists, banksters and shareholders...

However, it worked wonders for the people of Japan Within 2 decades they enjoyed a national income second only to that of the U.S. A lot of wealth was created, high incomes were realised and most importantly it was all EVENLY DISTRIBUTED

This model was something South Africa could have followed, but because of the need to look worldly and sophisticated, the ANC took the path of pleasing "foreign investors" in return for being shareholders themselves in these "free-market" companies. Poor SAns never stood a chance