Patrick Bond

South African academics and think tanks met on 28-31 May 2018 for deliberations leading to the July 2018 BRICS heads of state summit to be hosted by South Africa. Most of these scholars believe that the BRICS countries offer an alternative to Western imperialism, but the author argues that they are seriously wrong. 

An exceptionally interesting debate about how imperialism is now behaving.

GovernmentZA

Cyril Ramaphosa’s soft-coup firing of Jacob Zuma from the South African presidency on 14 February 2018, after nearly nine years in power and a bitter struggle to avoid resignation, has contradictory local and geopolitical implications. Amidst general applause at seeing Zuma’s rear end in the society, immediately concerns arise about the new president’s neo-liberal, pro-corporate tendencies, and indeed his legacy of financial corruption and class war against workers given the lack of closure o...read more

A recent World Bank reportThe Changing Wealth of Nations 2018, offers evidence of how much poorer Africa is becoming thanks to rampant minerals, oil and gas extraction. Yet World Bank policies and practices remain oriented to enforcing foreign loan repayments and transnational corporate profit repatriation, thus maintaining the looting.

Monday night’s internal African National Congress (ANC) presidential election of Cyril Ramaphosa – with a razor-thin 51% majority of nearly 4800 delegates – displaced but did not resolve a fight between two bitterly-opposed factions. On the one hand are powerful elements friendly to so-called “White Monopoly Capita...read more

PB

Zimbabweans have struggled for years to replace Mugabe with a democratically elected leader. These efforts were dashed by the military. But now that the citizens have given the palace coup far more legitimacy than it deserves, it is even more vital for progressives committed to social justice to redouble grassroots organising and generate clear demands for a democratic post-Mugabe era.

sapromo.com

Former Finance Minister Pravin Gordhan and super-consultant Iraj Abedian, two solid bourgeouis representatives, have made an unusually passionate case against what is sometimes termed White Monopoly Capital. Thus surprising breakthrough indicates that corporate-state degeneracy is now so extreme, that the truth will out.

compactwithafrica.org

Capitalism is bleeding Africa to death: illegal financial flows, legal financial outflows, FDI flows, foreign indebtedness, sub-imperial accumulation, new subsidies for infrastructure financing and uncompensated mineral and oil and gas depletion. The continent is further threatened by land grabs, militarization and climate change. Only rising social resistance can halt and reverse these trends.

Dongdao.net

The Brazil-Russia-India-China-South Africa summit in Xiamen from September 3-5 is already inscribed with high tension thanks to Sino-Indian border conflicts. But regardless of a welcome new peace deal, centrifugal forces within the fast-whirling world economy threaten to divide the BRICS. South Africa, which plays host to the BRICS in 2018, is already a victim of these trends – even as President Jacob Zuma continues to use the bloc as a primary crutch in his so-called “anti-imperialist” (talk...read more

SA Breaking News

As he launched the African Regional Centre of the New Development Bank (NDB) in Johannesburg on Thursday, nearly 18 months behind schedule, South African President Jacob Zuma must have had mixed feelings. Strife-riven Brazil, Russia, India and China are mor...read more

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