Tag Archives: economy

The ‘happiest’ nations in the world – what do they have in common?

Some of you probably know about the so-called “happiness index” that has been published on a regular basis for some time now. It lists the countries of the world on the basis of their ‘happiness’ and obviously, the index has a way of establishing such ‘happiness’ – a number of criteria, that is. This is…

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Are South Africans really all capitalists at heart?

The South African news cycle often is awash with nationalist rhetoric from the emerging and vocal opposition, raging against the African National Congress. These quasi-socialists hold out an image of an economically liberated Southern Africa, a picture of Mzansi at peace on the land – their land. The capitalists too have a vision for South…

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Where is the wealth Malema wants to redistribute?

In a conversation about South Africa’s socio-economic malaise with a thoughtful sociologist from abroad, he asked the burning question that is shaping South African politics: “where is the wealth?” We talk often in South Africa about wealth redistribution, black economic empowerment and socio-economic rights. Our constitution at the outset sketches a socially just society as…

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Has the time for ‘talks about talks’ come in SA?

The student protests of the last year are reminiscent of the 1976 student uprisings. Those protests were the precursor to a political change in South Africa less than a decade later. When young, educated “born free” South Africans express anger and impatience it’s time to pay attention. They have shown they want action. They want…

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Why one should NOT vote for Trump in America this Tuesday

There are many reasons why voters in the United States should not vote for the Republican candidate, Donald Trump, on Tuesday, November 8. These include the fact that he has, on several occasions, shown himself to have a questionable attitude towards women, and generally towards a variety of minority groups in America, at a time…

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Will “Blockadia” help, or “Is Earth F**ked”?

One of the most revealing threads running through Canadian investigative journalist and tireless anti-capitalism activist, Naomi Klein’s rivetting book, This Changes Everything: Capitalism vs. the Climate (Alfred A. Knopf, 2014), concerns what she terms the “new climate warriors”, or in one word, “Blockadia”. This unlikely-sounding word names a movement which has arisen in the shape…

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It’s a simple choice: Are we going to make South Africa great?

Last week I wrote about racism in our public discourse and I was accused of merely describing the problem and negating the role of politics in fixing our economy. Well, here is a stab at a solution: – Every South African corporation with a national footprint should employ one intern aged 20-29 for every 10…

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Why American market capitalism is broken

Yes, you’ve read correctly. You may not know who Rana Foroohar is, so let me inform you that she is a highly respected business and economic journalist working for TIME magazine, who has just published a book called Makers and Takers, published in May (Crown publishers), in which she makes this (to some startling) announcement….

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We are rebuilding an economic apartheid instead of dismantling it

In the mid-1980s South Africa’s prime overdraft rate went to 25%, inflation rocketed to 20.9% and the apartheid government abolished the financial rand exchange rate system in 1983 as international banks refused to renew credit lines for South Africa. The world was punishing South Africa for being a pariah, a scum state, violating the fundamental…

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Zuma-Concourt saga: Constitutionalism (Episode IV)

The widespread use of the phrase “a victory of democracy”, when referring to the Constitutional Court Nkandla ruling, is a disservice to South Africa. Words have the power to shine light on a meaning. Words have the power to marginalise. The choice of the word democracy in this instance is not a trivial matter because…

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