Point­ing fingers to di­vert blame from its fail­ure

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THE phrase “white mo­nop­oly cap­i­tal” has been used by the ANC with reck­less aban­don.

This term was coined specif­i­cally to di­vert blame from the rul­ing party’s fail­ure by sub­sti­tut­ing it with this ab­stract phrase that is so am­bigu­ous that its mean­ing and in­ter­pre­ta­tion are neb­u­lous.

The mea­sure of a coun­try’s wealth can be gleaned from the cu­mu­la­tive shares of its stock ex­change, which, in our case, is the JSE.

In­vestors from all over the world in­vest in the JSE. Does this mean that be­cause for­eign in­vestors form the ma­jor­ity in the JSE, they are white mo­nop­oly cap­i­tal­ists and con­se­quently are re­spon­si­ble for the ills of the coun­try?

Need­less to say, this form of rea­son­ing is be­yond ab­surd.

Then there is the cry by the rul­ing party for for­eign in­vestors to in­vest in South Africa, while in the same breath de­nounc­ing them for be­ing white mo­nop­oly cap­i­tal­ists.

This an­tithe­sis is typ­i­cal of the prover­bial “bit­ing the hand that feeds you”.

Since the JSE is open to any­one to in­vest, the no­tion of white mo­nop­oly cap­i­tal is non-ex­is­tent.

The pri­mary rea­son for the eco­nomic ills of this coun­try is the rampant cor­rup­tion in­her­ent in the gov­ern­ment.

Cor­rup­tion by se­nior of­fice bear­ers, even when prima fa­cie ev­i­dence is glar­ing, is re­warded by turn­ing a blind eye.

Cor­rup­tion by such of­fice bear­ers is so con­spic­u­ous that the rank and file per­ceive this as the zeit­geist and sub­se­quently start putting their hands in the cookie jar as well.

Un­less there is a cleansing of cor­rupt lead­ers and a moral re­gen­er­a­tion, the ills of South Africa will be mired in an in­ces­sant cy­cle of de­prav­ity. PRAVIN RAJCOOMAR



Peo­ple stand on the rub­ble of houses de­stroyed by Saudi-led airstrikes in Sanaa, Ye­men.

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