Pointing fingers to divert blame from its failure
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.