Browsing All posts tagged under »manufacturing«

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.

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.

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Cape Town, South Africa-based journalist commentator and author specialising in political and economic analysis and labour matters.

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