By Patrick Bond

April 28, 2017 — Links International Journal of Socialist Renewal — On South Africa’s political left, the Economic Freedom Fighters (EFF) party dominated recent news by leading a mass march on President Jacob Zuma’s office in Pretoria, following a government power shift seen as amplifying corruption. The move also catalysed a ‘junk’ rating by two neoliberal credit ratings agencies. And an impeachment process on the immediate horizon represents the first real parliamentary threat to Zuma’s eight-year reign.

By Patrick Bond

July 10, 2015 -- originally published by teleSUR English, submitted to Links International Journal of Socialist Renewal by the author -- The main point of the summit of leaders from Brazil, Russia, India, China and South Africa this week was host Vladimir Putin’s demonstration of economic autonomy, given how much Western sanctions and low oil prices keep biting Russia. In part this sense of autonomy comes from nominal progress made on finally launching the bloc’s two new financial institutions.

But can these new banks address the extraordinary challenges in world finance? For example, more than 60% of Greeks voting in last Sunday’s referendum opposed the neoliberal dictates of Brussels-Berlin-Washington, thus raising hopes across Southern Europe and among victims of “odious debt” everywhere.

Meanwhile, bubbly Shanghai and Shenzhen stock markets were crashing by $3 trillion from peak levels in just 17 days, a world-historic meltdown, at a time Chinese housing prices were also down 20% over the prior year. Beijing’s emergency bail-out measures represent vast subsidies to financiers, just like those used in Washington, London, Brussels and Tokyo since 2007.

By Patrick Bond, Durban

June 17, 2015 -- Climate and Capitalism, first published at Triplecrisis and reposted at Links International Journal of Socialist Renewal with permission from the author -- Who’s not heard the great African revolutionary Amilcar Cabral’s injunction, 50 years ago, “Tell no lies and claim no easy victories”? If, like me, you’re a petit bourgeois who is hopeful for social progress, then let’s be frank: this advice hits at our greatest weakness, the temptation of back-slapping vanity.

By Patrick Bond, Durban

June 3, 2015 -- originally published at TeleSUR English, submitted to Links International Journal of Socialist Renewal by the author -- The last week has provided extraordinary examples of how corruption erodes the resources and morals of an entire continent – Africa – in part because villains in South Africa made alliances with wicked brothers in Switzerland, Latin America, the Caribbean and, especially, the United States. We now know more about offshore centres of both reactionary finance and corrupt-corporate soccer. It’s long overdue they are exposed to a spotlight, even if those pointing that light want to leave certain features in the shadows.

On May 21, Africa’s "illicit financial flows" (IFF) looting was partially dissected by Nelson Mandela’s successor, Thabo Mbeki, in his urgent-sounding report to the African Union, Track it! Stop it! Get it! Mbeki’s bottom line:

[English at http://links.org.au/node/4401.]

Por Patrick Bond, Durban

10/05/2015 -- Sinpermiso -- En Sudáfrica los símbolos políticos están un día y desaparecen al siguiente, pero la opresiva política económica continua. En la superficie, somos testigos de una explosión de activismo anti-racista entre los sudafricanos más ilustrados – jovenes académicos negros que tratan de romper los restos de poder de un apartheid residual - pero al mismo tiempo, una implosión xenófoba está causando estragos en los estratos socioeconómicos inferiores.

A mediados de marzo, en la Universidad de Ciudad del Cabo (UCT), el estudiante de pregrado de ciencias políticas Chimani Maxwele arrojó un cubo de excrementos a la estatua de Cecil John Rhodes, el gran emprendedor colonial del sur de Africa, catalizando una rebelión contra las estructuras de poder dominadas por blancos en la UCT y otros lugares. Menos de tres semanas después, una revuelta de sudafricanos pobres urbanos en otras dos grandes ciudades del país - Durban y Johannesburgo – escogía como chivo expiatorio un sector igualmente pobre y oprimido: los inmigrantes, en su mayoría de otras partes de África.

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March 14, 2015 -- Despite making powerful criticisms of multinational mining corporations, an NGO-organised conference in Cape Town ignored essential links with related struggles.