Economic Justice

SACSIS promotes the principle of just economies. We are opposed to economic development that violates social and economic rights and increases inequalities in the pursuit of economic growth.

Time for Change in South Africa's Labour Movement

Picture: Expelled General Secretary of COSATU Zwelinzima Vavi, courtesy GovernmentZa/flickr Steven Friedman - If that well-worn cliché about never wasting a crisis applies to anything, it is the labour movement today. Contrary to some current rhetoric, the movement does not need to return to what it was: it needs to become something different. Deepening tensions in Cosatu, which saw the departure of the National Union of Metalworkers (Numsa) and now general secretary Zwelinzima Vavi, have inevitably conjured up nostalgia for its past. As the Cosatu central executive abandons internal...

The Death of International Development

Picture: The Bill And Melinda Gates Foundation and Bono Jason Hickel - International development is in serious crisis. Charities are worried about the fact that public support for development is waning – that people just don’t seem to ‘buy it’ any more. According to a recent report by the development umbrella group Bond, ‘Efforts to eradicate poverty appear to many members of the public to have failed, and scepticism about the effectiveness of aid and global development initiatives has risen.’ People are less and less likely...

Eight Ways to Reduce Global Inequality

Picture: Right Speak Nick Galasso & Marjorie Wood - Extreme economic inequality is corrosive. It makes poverty reduction harder, hurts our economies, and drives conflict and violence. Reversing this trend presents a significant challenge, but one where we’ve seen some progress. Below we offer eight ways to move the world forward in reducing global inequality. 1. A Check on Illicit Outflows In developing countries, inadequate resourcing for health, education, sanitation, and investment in the poorest citizens drives extreme...

Minister Nene's Budget 2015 Exposes South Africa's Poor Economic Policymaking Agenda

Picture: South Africa Ebrahim-Khalil Hassen - Finance Minister Nhlanhla Nene, in his inaugural budget speech, offers this piece of wisdom, “The challenge of governance is to choose wisely between competing alternatives.”  This takeaway statement is as true of Minister Nene’s inaugural budget speech, as it is about each of his predecessors. However, underlying these choices is deep polarisation in South Africa. On the one hand, mainstream commentators from financial institutions are praising a lower than expected...

A Greek Failure Would be Europe's Too

Picture: Greek Finance Minister Yanis Varoufakis courtesy Esquerra Anticapitalista Frances Coppola - The Greek deal on Friday achieved two things. Firstly, it confused everybody. Not much seemed to have changed since the angry meetings of the beginning of the week, and yet all the protagonists seemed to emerge happy. Secondly, it allowed everyone to preserve their previous opinions. People who thought that Germany should win, thought it had; people who thought that Greece should win, thought it had. People who wanted Greece to stay in the Euro, thought it would; while people who wanted...

Rethinking the Role of Mining in South Africa: Nothing Changes Until Something Big Happens

Picture: A worker in an Anglo Ashanti gold mine courtesy Jonathan Ernst/World Bank Saliem Fakir - Last week the Mining Indaba came and went just like it does every year. Some 7,000 people attended. On its margins, outside of the Cape Town International Convention Centre (CTICC), a different kind of mining indaba, a people’s indaba, took place in close by Woodstock. This was the 5th Alternative Mining Indaba (AMI), which serves as a counterpoint to the industry event. AMI voices always struggle to find their way into the CTICC, but the chorus from the margins is growing stronger with...