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. S african eff party issues manifesto in bid to crush white. Beyond white monopoly capital who owns south africa. Oct 01, 2018 know this and make their alliance with the white working class based on this knowledge. 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. Several developments, however, complicate the picture. White monopoly capital talk is a fabrication, experts say.
It is an abuse of a phrase a term a concept which was used in scientific economic literature and which. A political group with reported links to the guptas warned of a. In the south african context, it can be understood as the white populations extensive. Jul 14, 2017 youve got some people talking about white monopoly capital. 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. Apartheid is to blame, white privilege is to blame for black entrepreneurship not developing in south africa. 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. Bell pottinger is a member of both organisations which have strict codes of governance. White monopoly capital good politics, bad sociology, worse economics.
The labor aristocracy comprises the elite workers in the world who the capitalist. The political economy analysis provided here is one of the most significant contributions in understanding the current crisis in south africa. 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 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. This collection consist of the softcopy book, pdf book and international order of white monopoly capital. Bell pottinger guilty of breaching associations codes with. It also used other tactics, such as misleading or undermining. White people in south africa still hold the lions share. 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.
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. 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 truth is that capital has no colour or political affiliation so no race or person can ever monopolise it. White monopoly capital, a phrase that for years had been confined to leftwing academic circles, was suddenly unavoidable. The white monopoly of political power must be ended and we need a. The term white monopoly capital was catapulted into the national consciousness by a propaganda campaign in defence of the gupta familys businesses. Concept of white monopoly capital rejected by majority. 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. 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.
The fight against white monopoly capital and its blackafrican allies, is an integral part of the struggle to consummate the national democratic revolution. 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. Anc national executive committee member joel netshitenzhe said nine of its eleven commissions at the policy conference agreed after intense discussions on monopoly capital. During the exile years, umgwenya members of the mk luthuli detachment used. Anc policy guru joel netshitenzhe confirmed that nine out of. Cartels comes to an agreement on the conditions of sale, terms of paymentlabour or service rendered etc. South african labour bulletin, volume 39, number 3, pp. In it he points out all the landmark ownership patterns, together with the architecture of capital in south africa, which. 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 call for radical economic transformation has grown louder following president jacob zumas 2017 state of the nation address. White monopoly capital is a lie and distracting from. 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. Sep 05, 2017 bell pottinger, which created and commissioned content, did not invent white monopoly capital but used the term on occasion.
The term is thought to mean everything from an oligopoly owned by a super wealthy. We have in the past defined the forces which the ndr sought to defeat as the white ruling class, represented by monopoly capitalism and. Tupac amaru to be taken out to the main public square of. This is one problem of white monopoly capital, in which cartels resort to uncompatitive behaviour to throttle small business. This comrade is straightfoward on wmc white minority monopoly capital. Oct 09, 2018 wmcleaks represented what appeared to be the culmination of the familys efforts to influence their public image. White monopoly capital is a south african phrase used in contemporary political discourse. Monopoly capital wmc is a case study of how fake news changed the. 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. 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. He contends that it does nothing to advance the national democratic revolution pronounced by the african national congress. 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 theoretical conclusions of the communists are in. White people in south africa still hold the lions share of.
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 term white monopoly capital has become a fiercely contentious talking point in south africas political discourse. 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. Feb 04, 2018 white monopoly capital, a phrase that for years had been confined to leftwing academic circles, was suddenly unavoidable.
Youve got some people talking about white monopoly capital. Mar 27, 2017 the rising talk about white monopoly capital as an obstacle to economic inclusion in south africa is a red herring. 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. News analysis white monopoly capital is a recurring theme in contemporary political discourse. Marxist economists grew hoarse trying to remind people that the term predated disgraced uk public management firm bell.
White monopoly capital as a theoretical and strategic construct ignores the historical need to transform gender relations in the economy. The african national congress anc has rejected white monopoly capital as the enemy. 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. 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. Indeed, the dynamics of this phenomenon have long been understood. White monopoly capital rife in sas ict sector itweb. Whether it was published or not, it pushes the white monopoly capital story hard.
The role of white monopoly capital in postapartheid south africa has been in the news lately. The tenderbased black capitalist class is not likely to win without the support of the mass of the black and african working class. 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 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. 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. 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.
Here cronin et al harnessed a fake marxism to the service of white monopoly capital. White monopoly capital according to johann rupert fin24. 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. White monopoly capital a pr stunt to protect zuma and. Anc policy guru joel netshitenzhe confirmed that nine out of 11 commissions agreed it would be incorrect to label the phenomenon of capital. Understanding the battle against white monopoly capital. This article presents a survey of theories of monopoly capitalism.
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. White monopoly capital wikimili, the free encyclopedia. The fight against white monopoly capital and its allies is an integral. 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. The controversial concept of white monopoly capital was rejected by the majority of anc delegates at its national policy conference. The sooner we stop labelling each other in south africa, the better it will be for all of us i know what i represent.
The defining characteristic of monopoly capitalism is that developed capitalist economies are seen as essentially dominated by. 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. Negative labels like white monopoly capital are not good for the country. We are a party that fights for black people and therefore we do not apologise for that. 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. White monopoly capital is not the white corner cafe owner but rather the massive firms that control. Concept of white monopoly capital rejected by majority at. May 12, 2017 white monopoly capital was at its most cohesive and concentrated during the late phases of apartheid.
South africa today is a morass of wretched inequality, racial tensions and class conflicts, despite. How to break monopoly white capital iol breaking news. Attempts to invalidate existence of white monopoly capital we assist thuli with evidence. Dec 16, 2017 this comrade is straightfoward on wmc white minority monopoly capital. In a world deluged by irrelevant information, clarity is power. Gwisai warns against supporting the zuma must fall pro white monopoly capital campaign, but also warns against supporting jacob zuma uncritically. White monopoly capital is a controversial south african phrase used in contemporary political. Apr 24, 2017 the role of white monopoly capital in postapartheid south africa has been in the news lately. So we should avoid using terms like this that have these negative connotations. 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 big compromises on land were designed by a man sent by white monopoly capital to negotiate on behalf of them. Bell pottinger, which created and commissioned content, did not invent white monopoly capital but used the term on occasion.
The first is that in the 1990s white monopoly capital generally unbundled, i. The book shows how white monopoly capital removed both president zuma and former president, thabo mbeki, as heads of the negotiations and imposed ramaphosa. 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. White monopoly capital contributes nothing analytically. 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. 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. In this critical assessment of white monopoly capital the author dismisses the use of the phrase as deficient and ideologically flawed. The national executive committee member and former key policymaker refused to apologise for saying monopoly capital was not restricted to white people. White monopoly capital and radical economic transformation. 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.
Your writing style is witty, keep up the good work. But it does offer a lens through which to see connections between the understandings. Whats up,i log on to your blog named beyond white monopoly capital. 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. Cosatu president sdumo dlamini discusses new anc president cyril ramaphosas role in the economy and the issue of white monopoly capital. The debate on white monopoly capital has some blind spots as it omits the role of the state. Aug 22, 2016 whats up,i log on to your blog named beyond white monopoly capital.
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