Export of Monopoly Finance Capital

The Johannesburg Communist University decided to dedicated next week’s (9 June) session to a study and discussion of the question of credit blacklisting and the popular demand raised by the SACP for a Credit Amnesty. This will be at the Women’s Jail, 1 Kotze Street, Constitution Hill, at 17h00 next Friday. Today in Randfontein the Yusuf Dadoo District of the SACP is organising a march in support of this campaign. See linked notice. Mr Fitzgerald, the Chairman of Reuters, is a white Irishman who wears his glasses on the end of his nose and looks out over them like the bossy woman in the TV show, “Weakest Link”. His message is similar to hers. Reuters is a business intelligence and analyst organisation, sorting sheep from goats for the information of capitalist investors. Fitzgerald is no doubt an “old Africa hand” but his name is Niall, and not “Nile”. Even so he appears to have been admitted without any questions asked to the new “Native Club”. With the former (neo-liberalising) president of Tanzania Benjamin Mkapa he has been made co-chairman of the “African Investment Climate Facility”. This body will do for international monopoly finance capital what state-monopoly capitalism does in individual countries. It will integrate the state with the capitalist system. See the link below. The Native Clubbers of this world, like their PAC forerunners of the late 1950s, prefer one “foreign ideology” (imperialist capitalism) over another (communism). Actually, as in the case of Mr Fitzgerald, it turns out that for these Africanists, normal ideas of foreignness don’t apply at all. Anyone can be a Native. His face needn’t fit, but his politics must. ANC President Thabo Mbeki has found time among the events of the last two weeks to write a 2553-word letter (something that would take most people at least one whole day) to say that the ANC is not rudderless, but is steering towards nationalism. This is that same strange nationalism which prefers a “facility” (easement) for foreign capital, over the National Democratic Revolution. The latter used to be our unifying purpose. Now the words are not mentioned, and especially not the word “revolution”. Only the ANC’s reduction of the concept of the NDR to the class-struggle-free static formula: “united, non-racial, non-sexist, democratic and prosperous South Africa” is mentioned. See the linked document. Meanwhile COSATU’s economist Neva Makgetla shows what the result of this pretence of service to two masters. The imperial capitalist masters get all the service they want, while the nominal master so democracy get practically nothing. See linked article. Click on these links: SACP West Rand march for credit amnesty today, 10h30 (notice) Imperial capitalism to be made easier, Ayanda Shezi, Business Day (522 words) Committed to build a new nation, Thabo Mbeki, ANC Today (2553 words) SA inequalities persist despite growth, Makgetla, Business Day (726 words)