Sophia Mihic - It is set years in the future, but the new Star Trek movie is a sixties nostalgia film. I sat riveted to the screen and to the present moment with my husband and our daughter between us. At the same time, I was transported back to the original run of the series between 1966 and 1969, and I was transported back to the reruns that still pop up now and then. That's what the sixties are in American political culture: a history that actually happened, has been replayed, and has not yet played out....
Rebecca Khan - The Department of Science and Technology has, in the last month, proposed legislation for the regulation of intellectual property from publicly funded research that, should it be written into law, will set South Africa at odds with the rest of the word, and have long-reaching, and detrimental effects on research and innovation in South Africa, as well as possible implications for the future of academic freedom in this country, a freedom which is protected in the Constitution. The...
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...
America's General Motors filed for bankruptcy on 1 June 2009, and will be bailed out by the federal government, making the government a 60% shareholder in the company. The bailout is valued at US$30bn. The company is to be remodeled and emerge as a "new GM," which will be smaller. Thousands of GM jobs are on the line. Somewhat disappointingly, President Obama announced that "the federal government will refrain from exercising its rights as a shareholder in all but the most...
Saliem Fakir - No sooner had Zuma confirmed his cabinet and a select few in the whining caucus already started complaining that industrial policy is best left to the private sector to sort out. All government needs to do is dish out the incentives, lower the taxes for exporters and ensure wage expectations are kept to the minimum. So long as government does this, the private sector will do its level best to pick the winners. Such cynicism against government intervention must be met with...