Browsing All posts tagged under »economics«

Race & the colour of money

July 28, 2019

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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.

4IR & the ideological prison

July 12, 2019

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The business and political elites are trapped within an ideological prison that does not allow for them to consider ther need to break out in order to salvage both themselves and the world at large. And so they continue to prattle away about how best to reform the system from within when, in fact, it is the system itself that is at fault.

Thuma Mina (send me): to Geneva?

June 14, 2019

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At a time when belt tightening is called for and greater austerity looms, South Africa arrives at the International Labour Organisation's 100th birthday bash, with one of the largest delegations. Now there are calls for the public to be given a cost/benefit analysis of what seems to be an expensive junket paid for by working people through one o other means.

Social compacts & false dawns

June 2, 2019

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Government, business and labour representatives will meet in Geneva this month to draw up the centennial declarat.ion for the International Labour Organisation. ~It has been haioled as “a once in a generation opportunity to set rules for the global economy to work for people”. But it sounds very much like another retread of the discredited social compact idea.

A new dawn — or an impending storm

May 31, 2019

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It was obvious from the first announcement last year about South Africa's minimum wage levels that they probably signalled storm clouds rather than any pale rays of a new dawn. However it is not only to the labour front that the purveyors of a promised new dawn 
should pay close heed.

SA elections – a cry for a real alternative

May 17, 2019

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Last week, if nothing else, most workers, employed and unemployed, showed that they are not gullible voting fodder; that they are dissatisfied with what is on offer in the parliamentary dispensation. This applied particularly to those in that important adult age bracket of 18 to 30. Most South Africans are probably more than ready for an alternative political dispensation

Time to shun the financial kakistocracy

April 9, 2019

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Institutions such as the World Bank, IMF, the ratings agencies and such private influence peddlers such as the World Economic Forum are often seen as a global financial aristocracy. A more correct term would be kakistocracy since the solutions they offer merely compound the problems created by the system they exist to support.