Browsing All posts tagged under »IMF«

SA Inc and the search for a real alternative

June 21, 2012

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South Africa Inc is a “fronting” exercise in which the people of the country are the hapless stooges giving credibility to a governing elite. That is one of the reactions within the labour movement following the announcement of the government’s $2 billion pledge to the International Monetary Fund (IMF).

When the mainstream meets Marx

December 2, 2011

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When the well-known mainstream economist Nourial Roubini, a former adviser to the International Monetary Fund, quoted Karl Marx as perhaps being right about an inherent fault in the economic system, he caused a minor stir, but no real criticism. Because the inherent fault is one that is now generally acknowledged and is at the centre of the present — and ongoing — global economic crisis.

An economy riddled with a legacy of contradictions

January 20, 2011

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This chapter on the South African economy was written and submitted on August 3, 2007 for a proposed book. It was not published and the chapter was not submitted or published elsewhere. However, given developments to date this text may be of some interest to anyone concerned about economic developments in South Africa.

Xenophobia poisons the Ivoirian tangle

December 31, 2010

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Most of the real lessons to be learned from the ongoing chaos in Côte d’Ivoire are being ignored, both by politicians and the popular media. Unless these are ;learned, and the background understtod, little that is happening there makes much sense.