Black People : South Africa, all that gold, diamonds and uranium, and economy in the red?? Why

Discussion in 'Black People Open Forum' started by Ankhur, Oct 29, 2009.

  1. Ankhur

    Ankhur Well-Known Member MEMBER

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    The sad fact of the matter is if you start out wrong, you end up wrong.

    No other African nation sweetened and molified the horrors, and degredation of colonization by calling it apartheid, so instead of seeking their land back like every other Black nation, they went after equal right and an end to apartheid which simply means segregation.

    So since they did not sieze their God given natural resources from the invaders as Namibia and Zimbabwe did,
    the masses are faceing the brunt of deep economic depression as the Boers and Brits tke their mineral profits back to offshore and European banks




    Published on Thursday, October 29, 2009 by CommonDreams.org

    What's the Word in Johannesburg as Financial Crisis Rocks 'The Rainbow Nation,' Hopes for Progress?
    Unemployment and Debt Rise as a Made in the USA Crisis Goes Global
    by Danny Schechter

    Johannesburg: There was lots of skepticism when I came to South Africa two years ago to show my film IN DEBT WE TRUST. While my critique of consumer debt resonated, the film's forecast of a financial crisis didn't. Their economy seemed to be doing well and it was hard to tell a society that tends to look inward that they would be affected by a financial crisis in America, l0,000 miles away.

    Most believed it would pass them by.

    It hasn't. A year ago, the International Monetary Fund warned that 200,000 people would be affected. People living on $2 a day might end up surviving on $1 or not surviving at all. These victims around the world are mostly not part of the US debate or our media coverage. The faces and stories of these victims are as conspicuous by their absence as have been stories of the one million families that had their homes foreclosed upon in the last quarter.

    As if South Africa doesn't have enough problems -- the AIDS pandemic, massive poverty, and simmering unrest, the Finance Minister yesterday discussed the impact that the global economic crisis is having. There's been a loss of 500,000 jobs and a fall off of taxes and an increase in expenditures.

    The projected deficit will soar with a shortfall doubling to 7.6% of GDP. The government has to cut costs; that will mean a further cutback in social services at the very time of growing protests against service failures and neglect of the poor. South Africa will now be forced to go deeper into debt, to borrow more money

    Thank you Wall Street -- although most of the media I saw here did not blame forces/financial criminals in the USA for causing this financial cancer. Perhaps they are too far away for most polilticans and pundits here to see the connection. I did read about a big South African bank that got stuck with sleazy subprime losses sold by US firms but that is not being raised in connection with this emerging economic catastrophe.

    They even have their own Ponzi schemers here. The government has issued arrest warrants for two scammers pushing phony investments in AIDS drugs. Several big companies are being prosecuted for pice fixing on commodities like bread and paraffin or healting oil.

    This crisis has already led to an escalation of protests in municipalities against service cutbacks. At least one TV show here, The BIG DEBATE on ETV, produced by Ben Cashdan, is showcasing the real issues and generating lots of heat and light on financial issues. (www.mybigdebate.com).

    The debate raises deeper issues of transformation -- something we in America should learn from. President Obama has used that "T" word as did President Mandela whose campaign promised "A Better Life for All" back in l994. For many, conditions are worse as a new black elite enriches itself.

    The ANC still calls for deep change but it, too, is up against many of the same forces Obama faces -- a mostly white business order that has not made many sacrifices while promoting neo-liberal economic policies that sustain a status quo built on inequality.

    While race may be more explicit an issue here in a country still coping with its Apartheid past, class is becoming as deep a divide.

    This is not just a fight between black and white anymore -- if it ever really was -- but between the ideas and proposals of the left and the right. There is an active Communist Party, with many activists to the left of it, that is allied with the Government and pushing it. There are also well organized unions that are advocating for the interests of the workers, many who are now out of work. They too are fighting for a new health care system, preferring a more socialized model.

    full article;
    http://www.commondreams.org/view/2009/10/29-4
     
  2. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    thievery pure and simple.....

    and black people think that they thugs?
    we got nothing on them whites for stealing and raping a peoples resources.
     
  3. Ankhur

    Ankhur Well-Known Member MEMBER

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    This is not just a fight between black and white anymore -- if it ever really was -- but between the ideas and proposals of the left and the right. There is an active Communist Party, with many activists to the left of it, that is allied with the Government and pushing it. There are also well organized unions that are advocating for the interests of the workers, many who are now out of work. They too are fighting for a new health care system, preferring a more socialized model.


    they have bought into integration so much they have lost sight of White Supremacy even in it's monst obvious and blatant form,
    and side with whites against thier own people over party and political lines
     
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