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When we experience load reduction, we are also at the mercy of capitalism’s conditioning of the South African working class, which extends back to the early days of European colonial expansion.
On June 4th, PowerFM 98.7 radio host Eusebius McKaiser interviewed AIDC Senior Researcher Dick Forslund regarding South Africa's current economic prospects and policy trajectory. Following is a partial transcript. PowerFM: Welcome, Dick. When we spoke yesterday, it...
What has the South African government delivered in 20 years? A massive welfare state with 16 million grant recipients (nearly a third of the population); 95% of the people served with clean water access; a rising rate of matriculation by 12th graders; a dramatic...
In death Margaret Thatcher has caused further division. The left has failed to convince enough people of the alternatives. In 1966, a little more than a year after Martin Luther King won the Nobel peace prize, only 33% of Americans had a favourable view of him, as...
International The Citizens' Revolution advances in Ecuador The radical social and economic reforms of President Rafael Correa, known as the Citizens' Revolution, received an overwhelming stamp of approval by the Ecuadorian people when he won more than 60% of the votes...
There is "capitalism" and then there is "really existing capitalism." The term "capitalism" is commonly used to refer to the U.S. economic system, with substantial state intervention ranging from subsidies for creative innovation to the "too-big-to-fail" government...
This budget takes one step forward, only to take two steps backwards. It is delivered in a deepening economic and social crisis. In our country, this is highlighted by desperate struggles for basic needs. We have seen this in Marikana and the mineworkers' and...
Speculation is rife in anticipation of next week's budget speech. Will Finance Minister Pravin Gordhan announce tax increases? Might the tax rate for personal income above R617 000 increase to 42 percent? Might it even return to 45 percent for the portion of income...
For two months Angloplats refused to negotiate over the minimum demand for R16,500 per month before tax and deductions – a variation of the demand for a living wage of R12,500 in hand that spread like wildfire in the mining industry. The bosses repeatedly sent...