Browsing All posts tagged under »capitalism«

Wal-Mart and the nature of the system

May 25, 2011

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We live in a world system known as capitalism. About that there seems to be no disagreement. But what this means seems to create considerable confusion. And the rows surrounding the intended incursion into South Africa by Wal-Mart illustrate this clearly. Amid all the arguments and the blowing of vuvuzelas, only a few trade union […]

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.