Beyond white monopoly capital who owns south africa. The manifesto outlines how the eef will crush white monopoly capital, its leader julius malema said, as quoted by south african independent radio station jacanda fm. Several developments, however, complicate the picture. Anc policy guru joel netshitenzhe confirmed that nine out of. White monopoly capital is not the white corner cafe owner but rather the massive firms that control. White monopoly capital good politics, bad sociology, worse. A political group with reported links to the guptas warned of a. Chris malikane and the gupterisation of marxism in this article jeremy cronin, alex mashilo and malesela maleka argue that chris malikanes argument calling for support of black capitalist class struggles against white monopoly capital amounts to using marxism to.
May 12, 2017 white monopoly capital was at its most cohesive and concentrated during the late phases of apartheid. According to former gcis head mzwanele manyi, the new age newspaper was a casualty of white collar corporate capture of the state read more anc commission lock horns on monopoly capital. It also found that there was no evidence that the bell pottinger team had invented the term white monopoly capital, although on occasion it had been used by them as part of the economic. The political economy analysis provided here is one of the most significant contributions in understanding the current crisis in south africa. This collection consist of the softcopy book, pdf book and international order of white monopoly capital. White people in south africa still hold the lions share of. A caveat for setting the agenda werner webb university of south africa the historian yuval noah harari 2018 introduces his latest book with the statement.
Apr 24, 2017 the role of white monopoly capital in postapartheid south africa has been in the news lately. The general strategy of the defence attorneys for this is what cronin et al are in relation to white monopoly capital is to do what attorneys faced with difficult cases do. The role of white monopoly capital in postapartheid south africa has been in the news lately. Here cronin et al harnessed a fake marxism to the service of white monopoly capital. White monopoly capital a pr stunt to protect zuma and. By now south africa should have followed in the foot steps of brazil and a new president who would protect the interests of white monopoly capitalists should have been installed. The exchanges above show that the main concern for white monopoly capital as represented by roelf meyer and michael spicer is upholding government policies which further entrench economic apartheid by keeping the black majority poor and with no control of the economy. Dec 16, 2017 this comrade is straightfoward on wmc white minority monopoly capital. The sooner we stop labelling each other in south africa, the better it will be for all of us i know what i represent. Existing alongside vast private companies not all of which fit the label white monopoly capital is another massive economic force, the state apparatus the biggest single employer, landowner, income earning institution, and by any reasonable measure, the dominant monopoly capital in electricity, rail, roads, forestry, television, sectors of banking, higher education and elsewhere. Sep 05, 2017 bell pottinger, which created and commissioned content, did not invent white monopoly capital but used the term on occasion. May 17, 20 to realy understand what is white monopoly capital one has to understand the economic situation of sa which is divided according to class lines i.
Concept of white monopoly capital rejected by majority at. Youve got some people talking about white monopoly capital. South africa today is a morass of wretched inequality, racial tensions and class conflicts, despite. The first is that in the 1990s white monopoly capital generally unbundled, i. In it he points out all the landmark ownership patterns, together with the architecture of capital in south africa, which. White monopoly capital is a devisivesouth african phrase used in contemporary political discourse masquerading a racist term as supposedly leftist by appropriating the term capital while racializing it so as to portray the white minority as a countrerevolutionary coluding force supposedly responsible for the systematic failures of the anc government in postapartheid south africa. But it does offer a lens through which to see connections between the understandings. The term white monopoly capital has become a fiercely contentious talking point in south africas political discourse. The white monopoly of political power must be ended and we need a. White monopoly capital as a theoretical and strategic construct ignores the historical need to transform gender relations in the economy. Anc policy guru joel netshitenzhe confirmed that nine out. Your writing style is witty, keep up the good work. The tenderbased black capitalist class is not likely to win without the support of the mass of the black and african working class.
To realy understand what is white monopoly capital one has to understand the economic situation of sa which is divided according to class lines i. Marxist economists grew hoarse trying to remind people that the term predated disgraced uk public management firm bell. One of the most disturbing tendencies to emerge from the debate about white monopoly capital is that some contenders claim that white monopoly capital has not been defined. S african eff party issues manifesto in bid to crush white. Definition, use and denial by christopher malikane 23 june 2017 the theoretical conclusions of the communists are in no way based on ideas or principles that have been invented, or discovered, by this or that wouldbe universal reformer. The fight against white monopoly capital and its allies is an integral.
More on gupta grabbing and their contribution to white. The white monopoly capital narrative being increasingly used by zuma and his cohorts is downright dangerous in its potential for a raciallybased nationalist onslaught which numerous frightening historical comparisons can be made. The implication that monopoly capital is somehow white and that this profoundly imprecise colour coding somehow shapes the logic of capital accumulation in post1994 south africa that is, a. The controversial concept of white monopoly capital was rejected by the majority of anc delegates at its national policy conference. White people in south africa still hold the lions share. Tupac amaru to be taken out to the main public square of. Feb 04, 2018 white monopoly capital, a phrase that for years had been confined to leftwing academic circles, was suddenly unavoidable.
White monopoly capital is a controversial south african phrase used in contemporary political. Critics describe it a racist term masquerading as leftist terminology which racializes capital so as to portray the white minority as a counterrevolutionary colluding force supposedly responsible for. Indeed, the dynamics of this phenomenon have long been understood. New evidence has emerged that the term white monopoly capital and the discourse around it was created and adopted by pr firms to help the. The upper class, the middle class, en the lower class which most of us falls under, as we africans, blacks in particular are the majority in this beloved country of ours. The truth is that capital has no colour or political affiliation so no race or person can ever monopolise it. Even the name white monopoly capital leaks hinted at the site being a counter to the trove of emails and documents that exposed the inner workings of a part of the gupta empire. In a longoverdue unpacking and exploding of the white monopoly capital wmc myth that is so essential to maintaining the populist fantasy of the zuptoids, the wellplaced allan greenblo of todays trustee publishing, takes us on a factfilled tour of logic and reason. It is an abuse of a phrase a term a concept which was used in scientific economic literature and which. Soon afterwards, several websites and twitter accounts relating to white monopoly capital were launched and used to attack some of the guptas biggest opponents. The theoretical conclusions of the communists are in.
Peter bruce and the panel discuss the narrative of white monopoly capital as explored in the latest edition of the financial mail and more of the weeks news highlights. The defining characteristic of monopoly capitalism is that developed capitalist economies are seen as essentially dominated by. It is a deliberate effort to focus on the racial character of monopoly capital in order to employ tactics and consequently policies that only seek to reverse the white dominance in the ownership structure. With the financial crisis of 200709 and the great recession of these years, followed by conditions of economic stagnation, some political economists have argued that baran and sweezys analysis in monopoly capital is. News analysis white monopoly capital is a recurring theme in contemporary political discourse. The book shows how white monopoly capital removed both president zuma and former president, thabo mbeki, as heads of the negotiations and imposed ramaphosa. The call for radical economic transformation has grown louder following president jacob zumas 2017 state of the nation address. The african national congress anc has rejected white monopoly capital as the enemy. Only recently the term white monopoly capital wmc has emerged as a key term in the south african political debate regarding the nature of south africas. White monopoly capital good politics, bad sociology, worse economics. White monopoly capital is a lie and distracting from. We are a party that fights for black people and therefore we do not apologise for that. White monopoly capital according to johann rupert fin24. Its not clear if this was published although the maverick would have certainly published it as an opinion piece.
Whats up,i log on to your blog named beyond white monopoly capital. In a world deluged by irrelevant information, clarity is power. This comrade is straightfoward on wmc white minority monopoly capital. The term is thought to mean everything from an oligopoly owned by a super wealthy. This article presents a survey of theories of monopoly capitalism. Proponents and opponents regularly clash when the legitimacy of the catchphrase is questioned, leading to a polarization of society and a stagnant stalemate about the future of economic growth.
The national executive committee member and former key policymaker refused to apologise for saying monopoly capital was not restricted to white people. Accompanying these calls is a line of argument that says white monopoly capital is to blame for the fact that the majority of black south africans remain marginalised from the mainstream economy 22 years after apartheid ended. Bell pottinger, which created and commissioned content, did not invent white monopoly capital but used the term on occasion. Anc policy guru joel netshitenzhe confirmed that nine out of 11 commissions agreed it would be incorrect to label the phenomenon of capital. During the exile years, umgwenya members of the mk luthuli detachment used. In the south african context, it can be understood as the white populations extensive.
Jan 11, 2018 the implication that monopoly capital is somehow white and that this profoundly imprecise colour coding somehow shapes the logic of capital accumulation in post1994 south africa that is, a. Definition, use and denial christopher malikane 23 june 2017 the theoretical conclusions of the ommunists are in no way based on ideas or principles that have been invented, or discovered, by this or that wouldbe universal reformer. The fight against white monopoly capital and its blackafrican allies, is an integral part of the struggle to consummate the national democratic revolution. Gwisai warns against supporting the zuma must fall pro white monopoly capital campaign, but also warns against supporting jacob zuma uncritically. White monopoly capital, a phrase that for years had been confined to leftwing academic circles, was suddenly unavoidable. How to break monopoly white capital iol breaking news. Cartels comes to an agreement on the conditions of sale, terms of paymentlabour or service rendered etc. The implication that monopoly capital is somehow white and that this profoundly imprecise colour coding shapes the logic of capital.
In this critical assessment of white monopoly capital the author dismisses the use of the phrase as deficient and ideologically flawed. The labor aristocracy comprises the elite workers in the world who the capitalist. T he south african ict sector is being dominated by white monopoly capital, leaving black people marginalised this was the word from leon rolls, president of progressive blacks in information. Cosatu president sdumo dlamini discusses new anc president cyril ramaphosas role in the economy and the issue of white monopoly capital. The term white monopoly capital was catapulted into the national consciousness by a propaganda campaign in defence of the gupta familys businesses. White monopoly capital talk is a fabrication, experts say. Jul 14, 2017 youve got some people talking about white monopoly capital. White monopoly capital and radical economic transformation. The big compromises on land were designed by a man sent by white monopoly capital to negotiate on behalf of them. Monopoly capital wmc is a case study of how fake news changed the. He contends that it does nothing to advance the national democratic revolution pronounced by the african national congress. So we should avoid using terms like this that have these negative connotations. Donwald pressly digs down into speeches made by influential anc cadres just this year and shows how msholozi is buying into the discourse being set by the more. Attempts to invalidate existence of white monopoly capital we assist thuli with evidence.
In his view the debate about the future of humanity is open to. Bell pottinger is a member of both organisations which have strict codes of governance. White monopoly capital is a controversial south african phrase used in contemporary political discourse to describe the continued economic dominance of whites in postapartheid south africa. The debate on white monopoly capital has some blind spots as it omits the role of the state in ownership and control of the means of production. Oct 01, 2018 know this and make their alliance with the white working class based on this knowledge. The origin of the term, the exact meaning of the term, and even the existence of what the term is thought to mean is disputed. Apartheid is to blame, white privilege is to blame for black entrepreneurship not developing in south africa. Mar 27, 2017 the rising talk about white monopoly capital as an obstacle to economic inclusion in south africa is a red herring. Whether it was published or not, it pushes the white monopoly capital story hard. Understanding the battle against white monopoly capital. Aug 22, 2016 whats up,i log on to your blog named beyond white monopoly capital. We have in the past defined the forces which the ndr sought to defeat as the white ruling class, represented by monopoly capitalism and. The debate on white monopoly capital has some blind spots as it omits the role of the state. Negative labels like white monopoly capital are not good for the country.
White monopoly capital wikimili, the free encyclopedia. Bell pottinger guilty of breaching associations codes with. Oct 09, 2018 wmcleaks represented what appeared to be the culmination of the familys efforts to influence their public image. The da has alleged that the pr firm worked for the guptas and devised a strategy of protest against white monopoly capital to allegedly divert attention away from criticism of the gupta familys activities and that such action violated the two organisations code of conduct. South african labour bulletin, volume 39, number 3, pp. Definition one of the most disturbing tendencies to emerge from the debate about white monopoly capital is that some contenders claim that white monopoly capital has not been defined. White monopoly capital is a south african phrase used in contemporary political discourse. White monopoly capital rife in sas ict sector itweb. Jul 15, 2017 former south african president thabo mbeki speaking on a wide range of issues in a interview with power fms given mkhari at the inanda club in sandton, johannesburg. This is one problem of white monopoly capital, in which cartels resort to uncompatitive behaviour to throttle small business.