capitalism | Terry Bell Writes

Browsing All posts tagged under »capitalism«

The ‘new normal’ capitalism desires

June 14, 2020

The "Great Reset Agenda for Capitalism" proposed by Klaus Schwab is another shrewd,half a loaf, bribe. Perhaps it is time to plan to take the bakery?

A key to a post-pandemic future

June 12, 2020

The roots of the present lie in the past and it is essential that we havea clear idea of such roots if we are to understand where we are now — and why. Without such knowledge we can hardly plan clearly for the future.

Race & the colour of money

July 28, 2019

Populist demagogues tend to emerge during times of economic and social crises. They use the age-old method of divide and rule to prey on the fears and insecurities of the working class battered by a system of exploitation that the demagogues fundamentally support. But at the root of the problems faced by the global majority is not race, religion, language or ethnicity: it is capitalism where the colour of money is all that matters.

Austerity and the lack of a real alternatve

February 24, 2019

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

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

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

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

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.