Tag Archives: economy

Illicit capital flowing out of Africa often benefits foreign investors

By Antonio Macheve Jr The US-Africa Summit in Washington DC has built enormous expectations for the development of Africa, particularly in what concerns economic ties, trade relations, investments and business between the nations of the African continent and the US. Despite enormous human-rights violations, conflict, widespread disease and other ills commonly known to Africa, the…

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I am not voting against the ANC

On Monday I will cast my special vote in the 2014 national and provincial elections. This is the fourth South African election I am eligible to vote in, and this is the first time I will vote for the Democratic Alliance (DA). I was set on voting for the DA long before the Economist endorsed…

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The intergenerational injustice of climate change

Scientists are getting more radical about climate change and its consequences for our descendants. In a recent edition of the New York Times, Dr Michael Mann of Pennsylvania State University draws attention to the fact that the time is past when scientists could, with a good conscience, refuse to go further than state their considered…

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Bhutan’s lesson for the world

Reading Sipho Kings’s important article on Bhutan, “Forget your GDP, come on get happy” yesterday sent me back to my old TIME-magazines to find an article by Bobby Ghosh (TIME, October 15, 2012) on this tiny country wedged between India and China. The reason why I remembered Ghosh’s article is that it was entitled “This…

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The normalisation of the unthinkable

We live in apocalyptic times. This is the considered belief of an extraordinary contemporary philosopher, who also phrases it as Living in the End Times — the title of a book that appeared in 2010 (Verso), and which contains between its covers so many intellectual tours de force that I, for one, will not even…

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Keith Hart on money, memory and democratising the economy

Keith Hart begins his thought-provoking book The Memory Bank: Money in an Unequal World (Profile Books, London, 2000) with the statement: “Ours is an age of money. Half the world worships money and the other half thinks of it as the root of all evil. In either case, money makes the world go round. If…

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Is there a crisis of credibility in the human sciences?

On a previous occasion I elaborated on the growing natural scientific evidence that the world is at “Red Alert” status regarding a looming ecological crisis. The question arises, whether the human sciences (humanities and social sciences) are in agreement with their natural science colleagues on this issue. In light of the incontrovertible evidence in this…

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Three scary numbers

Last week I came across three numbers that left me numb[1]. Together they brought home the essence of the climate fix we’re in — and the massive profit margins that are riding on us failing to deal with the challenge. In essence it’s about the amount of carbon we pump into the atmosphere, and the…

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How poor is poor?

Anyone who has ever struggled with poverty knows how extremely expensive it is to be poor. — James A Baldwin Poverty and hunger remain a global challenge. However fewer people live in extreme poverty in the 21st century compared to previous generations. According to the World Bank, between 1981 and 2008, the proportion of people…

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Why we choose materialism – part 2

Because, it is far easier to want a nicer, more expensive outfit than it is to ask ourselves why we can never conceive that we are enough as we are. It is easier to want a better, higher paying job than to ask ourselves what happened to the idealism that had once dominated our youth…

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