It is surely time for serious reflection when the lunatic logic of the present system encourages us to spend — all too often on credit — to provide a boost to ailing economies when all this will do is provide a boost to banks and to the profits of importers, producer companies, wholesalers and retailers while the jobs slaughter continues.
edited by Adekeye Adebajo, Adebayo Adedeji and Chris Landsberg (University of KZN Press) (First published, June 2008) This excellent volume does not deal with the prospects of a post-Mbeki presidency or with any of the possible fallout from the internecine feuding within the ANC. And this should not matter, for no matter the outcome now […]
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.
Terry Bell Writes 
December 10, 2010
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