A new bout of verbiage concerning labour brokers and the nature of jobs erupted as the country got back to work after the new year break. And the confusion it created was compounded by proposed changes to the labour laws produced last month by the government. According to one set of interpretations, the ANC has […]
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.
It is time we all stopped bowing down at the altar of voodoo economics and acknowledged that our world is in crisis. And that this crisis is a consequence of adherence to an almost religious belief that “the market” is some sort of sane and sensible mechanism; that the mystical “invisible hand” mentioned by Adam Smith is a reality.
(First published: February, 2006) It is time we all stopped bowing down at the altar of voodoo economics and acknowledged that our world is in crisis. And that this crisis — not of shortages, but of gluts — is a consequence of adherence to an almost religious belief that “the market” is some sort of […]
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.
Analysing the crisis and arguing that it may amount to a choice between planetary survival or annihilation.
January 25, 2011
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