Tag Archives: economics

Pandora’s box has opened…again!

Everyone knows the story, or myth, of Pandora (etymologically meaning ‘all-gifted’ or perhaps ‘all-giving’), who was ancient Greek mythology’s counterpart to Eve of the Old Testament — that is, the first woman created by the gods (out of earth, or clay), all of whom gave her a gift of some kind. Her notoriety derives from…

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Inequality and violent protests in South Africa

In 2014 I wrote a piece for this site on the work of psychoanalyst, Paul Verhaeghe, specifically the book in which he writes about the link between inequality in a market-based society and health problems across a wide spectrum. In addition to stress and anxiety symptoms, Verhaeghe pointed to something confirmed by other researchers too,…

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Marx at 200: As relevant as ever

Today (5 May 2018) is the 200th anniversary of Karl Marx’s birth in the German city of Trier, and all over the world people are celebrating his contribution to our self-understanding through the political, economic and social theories he (sometimes with his friend and colleague, Friedrich Engels) penned during his lifetime. The anniversary celebrations are…

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Optimism vs. realism regarding the future

The TIME magazine of 15 January, 2018, titled ‘The Optimists’, is edited by Bill Gates, one of the two richest individuals on the planet – this alone already (at least partly) explains his optimism, which is understandably not necessarily shared with people in positions of less economic power. Reading it is an object lesson in…

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The decline of the American Empire

It is no exaggeration to say that America ain’t what it used to be. Several articles I have read recently indicate this, whether they focus on Trump’s disastrous presidency, on social or educational matters. One in particular caught my attention yesterday (see here), and another this morning (see here), both of which draw one’s attention…

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Does theory guarantee emancipatory action?

The triumph of neoliberalism globally, with the exception of a few pockets of resistance, signifies the weakness of theory, that is, of the claims that theory is endowed with the resources to transform the world through a kind of enlightenment followed by emancipatory action. What evidence is there, however, that neoliberal capitalism reigns supreme in…

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The essence of neoliberalism

France’s pre-eminent sociologist and social theorist Pierre Bourdieu, who died not so long ago, did not pull his punches when it came to identifying the hegemonic economic system of the present, neoliberalism, ruthlessly as a “utopia of endless exploitation”. In an article titled “The essence of neoliberalism” (in Le Monde Diplomatique, December 1998) he puts…

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The age of anger

A friend of mine – Avril Gardiner, art-fundi and owner-curator of the Liebrecht at gallery in Somerset-West – recently reminded me of a piece by Bryan Walsh in TIME magazine of 20 February (2017: pp. 15-16), in which Walsh talks about what he calls “this age of anger” in the context of the claim that…

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The fatal hermeneutic divide in South Africa

Many people are bound to have thought of Alan Paton’s novel, Cry the Beloved Country, in the wake of recent events in South Africa. And everyone who have thought of it as a suitable response to these events may be forgiven. But there’s a saying, that people get the government they deserve, and it is…

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The early 21st century: Taking stock

We live in a society in transition – a process rooted in a technological revolution that stretches back to the middle of the previous century, with the invention of television, followed by other innovations in the media, and culminating in the invention of the internet, initially conceived as a military tool of sorts. Although the…

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