Browsing All posts tagged under »capitalism«

Austerity and the lack of a real alternatve

February 24, 2019

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A social compact is not an alternative to the present social and economic system. It is a variation on the same theme — a bad one from the point of view of labour — and it does pose as an alternative. Time perhaps for labour to counter with a clearly costed and articulated route to a real alternative that would benefit the many rather than the few.

As SA elections loom: a call for clarity & organisation

January 13, 2019

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It's swings and roundabouts for the workers of the world, with the overall trajectory being fewer jobs and lower pay. This is the reality as the World Bank claims — citing China and India as prime examples — that global poverty is declining; the implication being that the economic system is working. It is not and it is, in fact, becoming increasingly destructive.

Evidence of a real alternative

October 6, 2018

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It is estimated that automation could soon cost some 4.5 million more South Africans their jobs. “Soon” could mean 2020 or very shorty after. And the number of jobless could be very much higher if, as seems likely, the global economic crisis becomes more severe.

Labour needs a new revolution

August 27, 2018

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Capitalism is not dying, although the system is obviously gravely ill. But it is resilient and may survive, but only at the the cost of the suffering and sacrifice of billions of working people who are likely to resist fiercely. New thinking is clearly called for.

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.