poured his insight into a valuable and urgent question: How do we reimagine South Africa after the ANC’s demise?
Simply put, capitalism is a system where economic production is privately owned by capitalists, who employ workers at paid wages and sell their produce on the markets. For this brief discussion certain aspects of this definition are crucial to keep in mind. Firstly capitalism enshrines the privatisation of essential resources, the means of economic production and the transformation of services, ideas, goods, animals and even people into objects that will be traded or sold on the market.
What some of us have forgotten is that in a capitalist economy, the prosperity of a few is inextricably tied to the deliberate dispossession and exploitation of the many. The demise of apartheid was an indisputable victory for the millions subjugated across the country. In the transition to liberal democracy, a battle was won but a war, one which had been raging across the globe since the 1970s, had been lost.
As early as the mid 1980s, the kings of South African capital were discussing the country’s future with the ANC. After a meeting in Lusaka with ANC leadership in 1985, an Anglo American executive remarked that they could now work with the ANC to ensure that “we dare not allow the baby of free enterprise to be thrown out with the bathwater of apartheid”.
For the first time, I think you have a point but, let's start with the handing over of the land...
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