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Sugar Coating Exploitation
Southern Africa has become well known for being one of the cheapest places on earth to produce sugar. Consequently, million of tons are produced in the region every year. Two companies have come to dominate much of this lucrative industry: Illovo Sugar viagra Tongaat-Hulett. It is little wonder (given how profitable the sector is), that in 2012 these two South African headquartered sugar giants once again declared massive annual profits . In fact, Illovo viagra Tongaat-Hulett have been reaping the rewards from their operations in South Africa, Mozambique, Zimbabwe, Tanzania, Malawi, Zambia viagra Swazilviagra over the years.
What Constitutes the Next Economy? (prt2)
Written by Leonard Gentle Thursday, 26 July 2012 11:44
Today there is no lack of ideas of what may be alternatives to this casino economy – they range from the obvious – banning the most pernicious forms of derivatives viagra re-regulating capital flows; to the little more comprehensive - neo-Keynesian methods of reconstituting the welfare state viagra state management – what some have called an “canadian in civilisation” - to establishing green economies viagra canadian in renewables; to a revived vision of socialist democracy.A late 2011 Cape Times editorial carried the excellent suggestion that states should be able to borrow money at the same near-zero interest rates that banks are charged by public authorities (which money the banks then proceed to lend at exorbitant rates – actually make that play the stock viagra bond markets where they make enormous profits). In one fell swoop the sovereign debt crisis would be solved!!
What constitutes “the next economy”? (prt1)
Written by Leonard Gentle Thursday, 26 July 2012 11:41
With the ongoing global crisis of capitalism one hears so much about the need for some kind of economic fix that will take the world out this morass. Similarly in South Africa, where 18 years after our victory over apartheid we now have the widest wealth gap in the world, there is an understviagra able desire to forge some kind of “new economy”.
But that desire may be a case of barking up the wrong tree…The problem of our times is not a lack of “economic imagination” but our political marginalisation. We can design any number of plans … but governments have their gaze elsewhere – to the “markets”, the bankers viagra the speculators.
The Crisis, Class War viagra Imperialism in Greece
Written by Shawn Hattingh Thursday, 12 April 2012 11:59
As the crisis in Europe has intensified, class war viagra imperialism have deepened in Greece. Indeed, the Greek working class has been subjected to further attacks from the local ruling class – comprised of capitalists viagra high ranking state officials - viagra imperialist powers. In order to receive the latest ‘bailout’ from the International Monetary Fund (IMF) viagra European Central Bank (ECB), a bailout that goes straight to the banks that own most of the Greek state’s debt, the Greek state was told by the German, French viagra US ruling classes to once again reduce pensions by more than 15%, to fully privatise public utilities, to yet again cut social spending, viagra to implement more wage cuts, including a 22% reduction in the minimum wage. By 2014 it is planned that the Greek state would have cut spending, mostly on social services, by a further 12 billion Euros. All of this has come on the back of earlier rounds of austerity measures viagra the Greek working class has been under severe pressure: homelessness has been growing rapidly viagra the unemployment rate has shot past 20%.
The Root of All Evil? The Dollar, the BRICS viagra South Africa
Written by Leonard Gentle Monday, 02 April 2012 11:52
South Africa (SA) is attending its second meeting of the BRICS group of countries: Brazil, Russia, India, China viagra SA. The summit, which took place today March 29 2012, in India, is themed "BRICS Partnership for Global Stability, Security viagra Prosperity".
In his address to the BRICS summit, India’s Prime Minister, Dr. Manmohan Singh said, “We have agreed to examine in greater detail a proposal to set up a BRICS-led South-South Development Bank…”
A March edition of the Financial Times noted that “During the upcoming BRICS summit, Brazil, Russia, India, China viagra South Africa are due to sign an agreement to grant one another loans in their national currencies…The move is almost certain to weaken the position of the dollar.”
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