World Bank

THE IRONY OF CAPITALIST LOGIC

Neo-colonial governments in Africa are always trying to satisfy the needs and wants of the so called investors. There are two important constituencies in the minds of these puppets governments, namely tourists and investors. All institutional development viability is justified on the basis of these two pillars of economic mirage.

The recent jitters in international equity markets are evidence of crazy logic of international capitalist system. Why should Stock Market Index have a free fall in Africa or Brazil when America Companies have failed to manage the granting of loans? Why is it that when American corporation’s management steals from investors locally, the Stock Market in so called developing markets plunges? Why is it that when evidence of corrupt practices which caused the collapse of Asian Tigers a decade ago do not have the same effect on American accounting scandal? There are many examples of such inconsistencies and double standards.

SA MEDIA FAILS PUBLIC

Addressing the annual dinner of the American Press Association in 1914 John Swinton, editor of the New York News said “There is no such thing as an independent press in America. Not a man among you dares to utter his honest opinion. We are the tools and the vassals of the rich behind the scenes. We are marionettes. These men pull the strings and we dance. Our time, our talents, our lives and our capacities are all the property of these men – we are intellectual prostitutes.” I am asking my countrymen and women who are journalists if they are like the way John Swinton describes them in the foregoing lines or are they different? They must search their souls and be honest. Are they proud of their reportage vis-à-vis the wretched of the African continent?

NATIONALISATION AND THE RESOLUTION OF THE NATIONAL QUESTION – AN ALTERNATIVE APPROACH

The Kempton Park Settlement was and remains a flawed settlement because it was based on the interpretation of the National Question not as that of settler colonialism or a colonialism of a special type. It conflated the struggle for national self-determination and independence to that of democratisation. Having reduced the National Question to that of democratisation, serious compromises were made on fundamental issues of the land and by extension the property clauses that guaranteed the retention of ill gotten gains by the white minority and rendered the question of nationalisation a mere restitution case based on willing buyer and willing seller. In short the Kliptown Charter vision of Nationalisation was thrown out of the window at Kempton Park. Thus leaving control of mining and land in the hands of the white minority, with very little room to make necessary and required radical changes.

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