The controversial concept of white monopoly capital was rejected by the majority of anc delegates at its national policy conference. In the south african context, it can be understood as the white populations extensive. White monopoly capital is a south african phrase used in contemporary political discourse. White monopoly capital is a controversial south african phrase used in contemporary political. Whats up,i log on to your blog named beyond white monopoly capital. 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. 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. He contends that it does nothing to advance the national democratic revolution pronounced by the african national congress. 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. Oct 09, 2018 wmcleaks represented what appeared to be the culmination of the familys efforts to influence their public image. 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. 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. The term is thought to mean everything from an oligopoly owned by a super wealthy.
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. White monopoly capital talk is a fabrication, experts say. Several developments, however, complicate the picture. Concept of white monopoly capital rejected by majority at. Its not clear if this was published although the maverick would have certainly published it as an opinion piece. News analysis white monopoly capital is a recurring theme in contemporary political discourse. Youve got some people talking about white monopoly capital. White monopoly capital is a lie and distracting from. Tupac amaru to be taken out to the main public square of.
The first is that in the 1990s white monopoly capital generally unbundled, i. 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. Apartheid is to blame, white privilege is to blame for black entrepreneurship not developing in south africa. May 12, 2017 white monopoly capital was at its most cohesive and concentrated during the late phases of apartheid. In his view the debate about the future of humanity is open to. 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. 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.
Here cronin et al harnessed a fake marxism to the service of white monopoly capital. 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. White monopoly capital good politics, bad sociology, worse. Attempts to invalidate existence of white monopoly capital we assist thuli with evidence. White people in south africa still hold the lions share. Soon afterwards, several websites and twitter accounts relating to white monopoly capital were launched and used to attack some of the guptas biggest opponents. Anc policy guru joel netshitenzhe confirmed that nine out. White people in south africa still hold the lions share of. The call for radical economic transformation has grown louder following president jacob zumas 2017 state of the nation address. Bell pottinger guilty of breaching associations codes with. Understanding the battle against white monopoly capital. The defining characteristic of monopoly capitalism is that developed capitalist economies are seen as essentially dominated by.
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. It also used other tactics, such as misleading or undermining. Jul 14, 2017 youve got some people talking about white monopoly capital. Apr 24, 2017 the role of white monopoly capital in postapartheid south africa has been in the news lately. White monopoly capital wikimili, the free encyclopedia.
The political economy analysis provided here is one of the most significant contributions in understanding the current crisis in south africa. Anc national executive committee member joel netshitenzhe said nine of its eleven commissions at the policy conference agreed after intense discussions on monopoly capital. The term white monopoly capital was catapulted into the national consciousness by a propaganda campaign in defence of the gupta familys businesses. 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. 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. 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. Indeed, the dynamics of this phenomenon have long been understood. Sep 05, 2017 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. 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. 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. White monopoly capital according to johann rupert fin24. 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. Marxist economists grew hoarse trying to remind people that the term predated disgraced uk public management firm bell. The theoretical conclusions of the communists are in. The fight against white monopoly capital and its allies is an integral. Feb 04, 2018 white monopoly capital, a phrase that for years had been confined to leftwing academic circles, was suddenly unavoidable. 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. Monopoly capital wmc is a case study of how fake news changed the. Bell pottinger, which created and commissioned content, did not invent white monopoly capital but used the term on occasion.
The book shows how white monopoly capital removed both president zuma and former president, thabo mbeki, as heads of the negotiations and imposed ramaphosa. Dec 16, 2017 this comrade is straightfoward on wmc white minority monopoly capital. It is an abuse of a phrase a term a concept which was used in scientific economic literature and which. The labor aristocracy comprises the elite workers in the world who the capitalist.
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 term white monopoly capital has become a fiercely contentious talking point in south africas political discourse. This collection consist of the softcopy book, pdf book and international order of white monopoly capital. 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. Whether it was published or not, it pushes the white monopoly capital story hard.
The truth is that capital has no colour or political affiliation so no race or person can ever monopolise it. Mar 27, 2017 the rising talk about white monopoly capital as an obstacle to economic inclusion in south africa is a red herring. The white monopoly of political power must be ended and we need a. 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. White monopoly capital, a phrase that for years had been confined to leftwing academic circles, was suddenly unavoidable. 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. We have in the past defined the forces which the ndr sought to defeat as the white ruling class, represented by monopoly capitalism and. How to break monopoly white capital iol breaking news. Concept of white monopoly capital rejected by majority. This is one problem of white monopoly capital, in which cartels resort to uncompatitive behaviour to throttle small business. More on gupta grabbing and their contribution to white. White monopoly capital contributes nothing analytically.
South african labour bulletin, volume 39, number 3, pp. 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. 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. In a world deluged by irrelevant information, clarity is power. This article presents a survey of theories of monopoly capitalism. The sooner we stop labelling each other in south africa, the better it will be for all of us i know what i represent. We are a party that fights for black people and therefore we do not apologise for that. 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. Cartels comes to an agreement on the conditions of sale, terms of paymentlabour or service rendered etc. But it does offer a lens through which to see connections between the understandings.
During the exile years, umgwenya members of the mk luthuli detachment used. The implication that monopoly capital is somehow white and that this profoundly imprecise colour coding shapes the logic of capital. 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. 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 big compromises on land were designed by a man sent by white monopoly capital to negotiate on behalf of them. The tenderbased black capitalist class is not likely to win without the support of the mass of the black and african working class. 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. White monopoly capital as a theoretical and strategic construct ignores the historical need to transform gender relations in the economy.
White monopoly capital rife in sas ict sector itweb. White monopoly capital and radical economic transformation. White monopoly capital good politics, bad sociology, worse economics. South africa today is a morass of wretched inequality, racial tensions and class conflicts, despite. 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. This comrade is straightfoward on wmc white minority monopoly capital. The african national congress anc has rejected white monopoly capital as the enemy. 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. Bell pottinger is a member of both organisations which have strict codes of governance. Anc policy guru joel netshitenzhe confirmed that nine out of. In this critical assessment of white monopoly capital the author dismisses the use of the phrase as deficient and ideologically flawed.
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. Negative labels like white monopoly capital are not good for the country. S african eff party issues manifesto in bid to crush white. 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. White monopoly capital a pr stunt to protect zuma and. 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. The debate on white monopoly capital has some blind spots as it omits the role of the state. In it he points out all the landmark ownership patterns, together with the architecture of capital in south africa, which. The fight against white monopoly capital and its blackafrican allies, is an integral part of the struggle to consummate the national democratic revolution. 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. 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. 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. 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.358 322 145 538 912 1188 66 492 363 1255 118 266 425 645 340 151 899 600 531 695 50 1411 1061 825 1356 556 1016 379 679 1505 1619 1027 655 901 1051 603 168 574 649 498 1199 522