Glenn Ashton - The current global economic turmoil gives rise to the question, "If capitalism dies, what alternatives exist, or will emerge, to replace it?" The question inevitably provokes utterly predictable positioning. The stock response that capitalism has already trumped communism, to the degree that the old communist bogeymen of Russia and China have embraced the capitalist model, is dishonest. Do we really have to take an either/or position regarding capitalism and communism? Western...
American foreign affairs magazine, Foreign Policy, said to be read by business leaders and politicians, including President Barack Obama, published an article aimed at explaining Karl Marx's relevance in this current era of global financial crisis. The article, "Thoroughly Modern Marx", was penned by Leo Panitch. That this popular mainstream, pro-business magazine chose to publish an article about Marx, has caused a stir in progressive circles. Paul Jay of The Real News...
Glenn Ashton - Inflation is generally described as too much money chasing too few goods. This is based upon a central tenet of economics, which states that as goods become scarce they become more valuable, and vice versa. Humbug, I say. We have recently seen a steady rise in levels of consumer inflation in South Africa. A major driver of inflation has not been properly identified in the media, by economists or even amongst those whose aim is to regulate national economic policy, is the influence of the...
Ebrahim-Khalil Hassen - The ultimate conceit in policy debates is to dismiss one’s adversaries with the words: "They just don't get it." In the run up to the elections this year and on the occasion of Cabinet announcements, a common refrain from private sector commentators is that the ‘left’ simply does not get it. The central argument presented is that the market offers the best options for continued success. The corollaries to this argument are that change takes time, but also that the...
The Meatrix is an animation based on the movie "The Matrix" that highlights critical concerns about mass produced meat. The outbreak of swine flu has been linked to agribusiness and this clip reveals that the overcrowded and brutal conditions under which animals are farmed causes diseases among the animals. This in turn leads agribusiness to add a constant dosage of antibiotics to their feed. This overuse of antibiotics breeds super strains of resistant disease-causing germs....
Stephen Greenberg - The South African Department of Trade and Industry’s (DTI’s) recent announcement that it is considering the reversal of some tariff cuts appears to fly in the face of a global anti-protectionist rhetoric. At the recent G20 Summit to discuss responses to the crisis engulfing the world’s economies, politicians were falling over each other to reject ‘isolationism’ and protectionism. Everywhere the bogey of protectionism is being warned against - not only by the same...