Browsing All Posts filed under »Economic Analysis«

Turning the (non-existent) economic corner

November 24, 2010

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We have turned the corner economically. That is the ongoing claim from politicians, pundits and mainstream media commentators. But, as Federation of Unions of SA general secretary Dennis George has noted: “Growth without job creation is meaningless. It certainly is for the overwhelming majority of the population, and this is a situation that applies across the world, although not in any uniform manner. For all the optimistic pronouncements, the global economic crisis continues and there is no sign that it is ending.

The reality of the global economic crisis

November 8, 2010

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Like fish stranded by a fast retreating tide, most mainstream economists, commentators and governments tend to be flapping around frantically and aimlessly, unaware of the real cause of their distress. The more cautious among them hope for a slow return of the tide; most merely hope against hope that somehow, sometime, all will return to what it was. It almost certainly will not.