The Triple Crisis Blog is pleased to welcome Patrick Bond as a regular contributor. He is a political economist and Director of the Centre for Civil Society at the University of KwaZulu-Natal School of Development Studies in Durban. His research focuses on political ecology (climate, energy and water), economic crisis, social mobilization, public policy and geopolitics.
At a time South African trade unions are under fierce attack from big business for winning above-inflation wage increases through strikes, and for opposing both informal labor outsourcing and a state-subsidized sub-minimum wage for youth, the sibling of former president Thabo Mbeki is helping restore balance.
According to businessman-intellectual Moeletsi Mbeki, speaking last week to the white-dominated opposition party, “Big companies taking their capital out of South Africa are a bigger threat to economic freedom than African National Congress Youth League president Julius Malema.” (The latter, a tycoon through crony deals, recently achieved notoriety for advocating the nationalization of mines.)
It is a ripe time for such in-your-face challenges to orthodoxy here, given the post-apartheid elites’ hostility to exchange controls.