Democratic Alliance’s economic policy is a direct attack on the working class

Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Subsidies’ value: Workers on the assembly line at Toyota’s manufacturing plant in Durban. The vehicle sector employs 120 000 people and contributes 6.4% to GDP.

The DA’s plan is full of the buzz­words and trite phrases such as “launching a start-up nation” that one expects from organisations like the Free Market Foundation. Doing away with the subsidies that protect what is left of our industrial base would wreak devastation on whole cities and communities and do away with the unionised jobs that sustain many working-class families.

Research over the past 50 years has convincingly demonstrated that the mantra that a rising tide of small business and a shift towards people understanding themselves as individual entrepreneurs have not reaped the benefits that were touted in the 1970s. This destruction of the SOEs, as flawed as they are, will certainly destroy the remaining industrial capacity in our country and can only be viewed as an all-out attack on the working class in a context where mass unemployment is already at extreme levels.In particular, the removal of subsidies from the vehicle sector will mean the end of that industry in South Africa.

The DA’s flag-burning fiasco was deeply offensive to many South Africans. The deliberate sacrifice of 120 000 unionised jobs in the name of market fundamentalism would be far more outrageous. The fact that such an act of wanton destruction is even proposed shows a deep contempt for the working class, a contempt that is clearly racialised.

Source: News Formal (newsformal.com)

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