Archive for the ‘Economics’ Category

by Don Franks

Almost always, news of a new baby coming brings great joy.

Then the anticipation, the preparation, the anxiety and finally the miracle of a wonderful new arrival.

In recent months I’ve been privileged to share this wonder with three young family friends. Watching the wee tot sleep, touching the tiny hands, sharing a first real little smile.Its no wonder that the Christian religion has got so much mileage from its symbol of Madonna and child, because almost always, human birth is a joyous event.

Not in every case. There are accidental, unwanted pregnancies, imposed pregnancies and arrivals into a family already too desperately poor to support the existing brood.

New Zealand’s most famous anticipated baby will not be born into (more…)

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Jacinda Ardern & Clarke Gayford: first-ever privileged, First World, white, middle class couple to have a baby

by Susanne Kemp

Forget the war and repression in Syria.  Forget the massive protests against the theocratic regime in Iran.  Forget mass hunger and poverty across the Third World.  Forget the millions of refugees.  Forget the women (and men) of the world labouring for a pittance in horrendous conditions in factories, mines and other workplaces across the Third World.

Jacinda Ardern’s ability to ‘work’ and give birth is very much a middle/upper class privilege built, in part, on the super-exploitation of the Third World; but don’t expect liberals to talk about this

For the NZ ‘mainstream media’ none of this counts for much.

You see, Jacinda Ardern and Clarke Gayford are going to have a baby.  Judging by the gush it would appear that they are the first-ever highly-privileged First World, white middle class couple to be doing so.

No First World, privileged, white, middle class people have ever had a baby before.

Presumably this is why TV broadcaster Hillary Barry tweeted, (more…)

The piece below appeared as one of the editorials in the latest round of workplace bulletins produced and distributed by The Spark organisation in the United States; we’ve slightly changed the title but left the American-English spelling of the original.

by The Spark

The words are bad enough, but they are symbols of something much worse: the vicious ideas that Trump and others like him try to peddle.

The countries Trump denigrated are all poor. So let’s talk about why they are poor – the truth which demagogues like Trump trample on.

U.S., Spanish and French capitalists stole the wealth produced by labor in Haiti and El Salvador. That’s what impoverishes them.

Let’s talk about the European and American slave traders who stole 20 million human beings and their labor power from Africa. Let’s talk about the colonial system which drained Africa’s mineral wealth to enrich European industry. Let’s talk about (more…)

Joseph Choonara’s A Reader’s Guide to Marx’s Capital

by Michael Roberts

In 2016 we had some seminal and important books on Marxist economics including: Anwar Shaikh’s lifetime compilation, Capitalism: competition, conflict and crises (that I dip into on a regular basis); Fred Moseley’s Money and Totality, a masterful defence of Marx’s value theory; Francois Chesnais’ Finance Capital Today, that recounts the current trends in modern finance; as well as major contributions from Tony Norfield (ttps://www.versobooks.com/books/2457-the-city,) and John Smith (Imperialism in the 21st century).

It’s difficult to compete with these in 2017.  However, this year commemorated 150 years since Marx published Volume One of Capital, so there were a few important books that everybody should get.

In my view, Joseph Choonara’s A Readers Guide to Capital was the (more…)

Marikana massacre of workers carried out by ANC government, August 16, 2012; the single most number killed by any Slouth African government in a single action since the 1960 apartheid regime massacre of black civil rights protesters at Sharpeville

Billionaire Cyril Ramaphosa has been made president of the ANC, although Jacob Zuma will continue as president of the country.

Ramaphosa says the ANC will spend 2018 reconnecting with the people and making up for its mistakes.

The idea of this super-rich capitalist reconnecting with the masses is a hoot.  Ramaphosa, who supported the massacring of mine workers just a couple of years ago, leveraged his time as a militant trade union leader to get into business and epitomises everything that went wrong with the ANC in the first place. 

by Peter Manson

Readers will know that president Jacob Zuma was replaced by Cyril Ramaphosa as leader of the African National Congress at the ANC’s elective conference in December.

Zuma will remain South African head of state, however, until a new president is elected by the national assembly following the 2019 general election – unless, of course, action is taken by the ANC and parliament to remove him earlier, which is a distinct possibility.

Just before the elective conference, commentator Peter Bruce pleaded to ANC delegates:

The fact is that policy uncertainty is crippling foreign investment … And try not to think of foreign investors as fat, white capitalists smoking cigars in a club somewhere and deciding which ideological friends to finance … They’re investing the savings and pensions of people like you … They need a return on those people’s money, just like you need a return on yours.1

Corruption

Such commentators wanted Zuma out – and were equally opposed to his replacement as ANC president by his former wife, Nkosazana Dlamini-Zuma, who was seen as a mere continuation of the current corrupt regime. Zuma not only stands accused of using state funds to upgrade his private residence, and of allowing the Gupta family to exert huge influence over government appointments – so-called ‘state capture’ – but he still has no fewer than 783 charges of corruption, fraud and money-laundering hanging over him. These are connected to the multi-billion-dollar arms deal finalised in 1999 just after Zuma became deputy president. His financial advisor at the time, Schabir Shaik, was jailed in 2005 for facilitating those bribes and, while Zuma faced charges too, they were conveniently dropped just after he became president in 2009.

During the pre-conference campaign Ramaphosa repeatedly insisted that all those implicated in ‘state capture’ and corruption must be (more…)

But not an alternative to capitalism

by Don Franks

Jim Anderton’s death revives memories of recent political times that will not be repeated.

When the past president who’d revived Labour broke away from his party and formed NewLabour I was one of those lefties who became excited. Not since the resignation of Matt Rata had a major politician broken with the Labour Party and become active somewhere on its left. This time the rupture was very much wider and possibly a fine opportunity for becalmed kiwi socialists. Initially it looked like some new political space had opened up. We might move in from the margins and make some inroads.

So a huge proportion of the New Zealand left were bedazzled when Jim’s NewLabour Party was formed. No MPs but many left Labour activists decamped to go with Anderson. A notable exception was my mentor, Pat Kelly, trained in the old communist tradition that you stayed and fought in the existing organisation rather than joining spinoffs. In my recollection the only left group who definitely stood aside and criticised was the Communist Party of New Zealand. Those other of us who joined the gold rush saw it as an easier option than the hard slog of taking revolutionary politics out to workers who didn’t seem to be very interested in our message.

Soon Jim made it clear that NewLabour was not going to be a vehicle for revolutionary ideas. He cleaned out the obvious communists very early on, beginning with the Communist Left and then the Permanent Revolution Group. Ironically, Anderton was at one stage in a position of defending the Soviet invasion of Afghanistan, mostly to support his allies in the union bureaucracy-dominated (pro-Moscow) Socialist Unity Party. Not publicly, but in a closed meeting, David Steele and I wound up in a very tense tussle with Anderton over this issue. As time went on, several of our Workers Communist League comrades, including David, finished up putting a lot of time and energy into the Alliance. Because, for a while, it still looked like some solid reforms at least could be achieved. But for all the hopes Jim’s party raised, it was (more…)

At the beginning of the NLP (NewLabour Party); vice-president Sue Bradford; president Matt McCarten; party MP and leader, Jim Anderton

by Philip Ferguson

Jim Anderton passed away peacefully on Sunday, January 7, just two weeks away from his 80th  birthday.  I have two sets of views about Anderton: a political assessment and also a personal view, as my parents were friends and strong political supporters and co-workers of Anderton’s for several decades.

First, the personal side.  This Anderton, I’ll call Jim.  I only met him once and this was when my mother was dying.  She had collapsed at home and been subsequently diagonised as riddled with cancer.  She went home for a fortnight before being transferred into a rest home with hospice facilities.  Jim showed up at my parents’ house with a load of food when my mother came out of hospital.  During the visit he gave me his personal cell-phone number and told me to call him at any time; also, that if he was in a meeting and couldn’t answer, he would get back to me straight afterwards.  He was particularly concerfned if we had any trouble with the public health bureaucracy – he told me to just let him know and he’d get onto them straight away.

Ferocious in dealing with petty bureaucrats

I knew from my mother that he was  ferocious in dealing with state bureaucrats who put any obstacles at all in the way of people receiving their just rights.  She had volunteered in Jim’s constituency office for years, both when he was a Labour MP and later, when he (and my parents) departed from Labour and founded the left social-democratic NewLabour Party and, subsequently, the Alliance.  I had heard stories from her of being in the office when Jim, outraged at one or other a tale of officious state mistreatment of one of his constituents (or anyone from across Christchurch who visited his office) would literally rip the jumped-up bureaucrat a new one.

My mother had also told me of his personal generosity.  The office was in a small block of shops in Selwyn Street in Spreydon and Jim and Carole Anderton’s home was up a driveway at the end of the row of shops.  This made it easy for him to dash back to the house and grab (more…)