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.
Glenn Ashton -
Warren Buffett has pledged to give away the bulk of his fortune to philanthropic causes. Bill and Melinda Gates are prominent benefactors. In South Africa, Patrice Motsepe has joined the club. Russia has Vladimir Potanin. These individuals are part of a wealthy class of philanthropists who assist causes close to their hearts.
Philanthropy is a strange beast, readily defined, more difficult to ring-fence and impossible to control. Founded upon altruism it becomes invariably entangled with...
Lynn Parramore -
It will hardly come as a surprise that the rich got richer in 2013. Didn’t happen to you, did it? The combined wealth of the world's billionaires hit an all-time high of 5.4 trillion, up from 4.6 trillion in 2012.
The Forbes list of billionaires is brimming over with oligarchs, monopolists, thugs, miscreants, and hustlers. Not to mention right-wingers, narcissists, and parasitic predators. The only thing missing is the king of Mexian drug lords, Joaquin "El Chapo" Guzman,...
Sarah Anderson -
European ministers didn't even have to take a formal vote because it was obvious that there was sufficient support to move ahead.
EU finance ministers were scheduled to vote January 22 on whether to authorize 11 member states to proceed with the introduction of a financial transaction tax (FTT). As it turned out, the ministers didn’t even have to take a formal vote because it was obvious that there was sufficient support to move ahead.
The 11 countries are Belgium, Germany,...
Alex Kane -
A new report released by the anti-poverty group Oxfam is filled with staggering statistics that make clear the depth of the inequality problem.
The world should work to end extreme wealth by 2025 and reduce the massive inequality that has skyrocketed over the past twenty years, the anti-poverty group Oxfam states in a new report [pdf].
While discourse on inequality has grown more prominent in recent years thanks to Occupy Wall Street and major institutions highlighting the problem...
Leonard Gentle -
How soon we forget…When the striking workers were killed by the police at Marikana there was a universal sense of shock and horror. How could it have come to this? Just 18 years after apartheid and here we go again - the police mowing down demonstrators. Now AngloPlat has announced that it will retrench 14 000 workers and the mood amongst the commentariat is, “Well, what did they expect?”
Angloplat’s announcement seems to confirm our most dismal...
Glenn Ashton -
Exploitation and pay in the timber industry is the most extreme amongst any commercial sector in South Africa. While mining and agriculture workers have been in the news for protesting against exploitation in their respective industries, no such action has been evident amongst forestry workers.
Working in the timber industry is the equivalent of running a marathon every day. Workers experience some of the highest rates of work related injuries, along with the lowest pay.
There was a...