Can Nationalisation Be Done?

The government can’t simply buy the mining industry. That would ruin the state. A price of R2 trillion has been circulating as a rough estimate. This amounts to more than three times the entire state budget that is three years of total state expenditures. The only...
Piracy as good policy | by Serge Halimi

Piracy as good policy | by Serge Halimi

The head of state, confident after electoral victory, tells the governor of the central bank what to do, introduces forex controls and announces that a key sector of the economy, sold off to private investors 13 years ago, is to be nationalised. Two members of the...