Browsing All posts tagged under »capitalism«

A Budget by any other name would smell the same

February 23, 2017

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THE more things change, the more they stay the same. This applies not only to the latest South African Budget, but to almost all such economic policy statements as finance ministers continually repeat variations on the same failed remedies, apparently in the hope of different outcomes.

Davos: a far cry from responsive & responsible leadership

January 22, 2017

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The world’s most expensive and probably most successful public relations exercise concluded in Switzerland this week: the annual World Economic Forum (WEF) meeting in Davos. But this private club of some of the richest men in the world is responsible for the very ills they claim to be trying to remedy.

Watch out when China coughs

April 22, 2016

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It has been said that if Wall Street sneezes, the world catches cold. Today it would probably be more accurate to say that if China coughs, an already economically weakened world faces the threat of double pneumonia.

The real causes of our economic distress

June 24, 2015

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Blinded by the chimera of Stock Exchanges and the smoke and mirrors of booming futures and derivatives trading, mainstream economists and commentators lost sight — if ever they had it — of the real productive economy. Their god was profit and their church, the market. Now the system has failed.

Mired in a parochial midset & ignorant of history

May 31, 2015

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The parochial mindset of nationally-based companies and trade unions reveals asn ignorance of economic history, including the fact that shareholder companies — a cornerstone of our system — were banned in Britain for 105 years because of their inherent tendency to be corrupt.

Let’s stop abusing holy prophets & Marx

February 1, 2015

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The Q’uran and the Prophet Mohammed cannot be held responsible for the Jihadi atrocities of Boko Haram or the Islamic State groups any more than can the Christian Gospels and Jesus be held responsible for apartheid or the Ku Klux Klan. To claim otherwise is simply illogical.

A democratic answer to escape from crisis

March 1, 2014

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Crisis-ridden capitalism is past its sell-by date and has become destructive, but a democratic way out beckons. All it requires is political will and organisation. The programme and the technology exist.