The tyranny of the markets is evident, with the cigarette company exemplifying this through its bid to weaken the government’s measures to stop the spread of the coronavirus.
South Africa’s tyranny of the markets, a trend that has underwritten our nation’s failed neoliberal experiment.
It is for this reason that, 26 years since our transition from white-minority rule to democracy, more than 90% of our wealth remains in the hands of the top 10% elite.and much of the corporate machinery, as is the case around the world, is not only opposed to government regulation that threatens profit, but further considers its private interests, profit maximisation, and authority as equal if not above that of democratically elected representatives.
for putting the health and wellbeing of South Africa ahead of corporate profit and greed. Continuity in this approach will only serve to strengthen the confidence and trust of people in their democratically representatives and government., we must perhaps make it a permanent structure responsible for rapid implementation of the government’s programme of action.
What we should not move on from is the implications and lessons from the manufacturing of consent and the political economy of mass media in post-apartheid South Africa and what we need to do about it.
Ramaphosa’s parliamentary response in August 2019 should inform the road ahead. “We have enough resources in this country to give every man, every woman, and every child healthcare but we refuse because we want to promote the interests of a few to the detriment of the rest. We shall change this, and we are irrevocably committed to do this.”
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