Alfredo Saad-Filho

Capitalism’s Crises


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      DEMOCRATIC MARXISM SERIES

      Series Editor: Vishwas Satgar

      The crisis of Marxism in the late twentieth century was the crisis of orthodox and vanguardist Marxism associated mainly with hierarchical communist parties, and which was imposed ― even as state ideology ― as the ‘correct’ Marxism. The Stalinisation of the Soviet Union and its eventual collapse exposed the inherent weaknesses and authoritarian mould of vanguardist Marxism. More fundamentally, vanguardist Marxism was rendered obsolete but for its residual existence in a few parts of the world, including authoritarian national liberation movements in Africa and in China.

      With the deepening crises of capitalism, a new democratic Marxism (or democratic historical materialism) is coming to the fore. Such a democratic Marxism is characterised in the following ways:

       Its sources span non-vanguardist grassroots movements, unions, political fronts, mass parties, radical intellectuals, transnational activist networks and the progressive academy;

       It seeks to ensure that the inherent categories of Marxism are theorised within constantly changing historical conditions to find meaning;

       Marxism is understood as a body of social thought that is unfinished and hence challenged by the need to explain the dynamics of a globalising capitalism and the futures of social change;

       It is open to other forms of anti-capitalist thought and practice, including currents within radical ecology, feminism, emancipatory utopianism and indigenous thought;

       It does not seek to be a monolithic and singular school of thought but engenders contending perspectives;

       Democracy, as part of the heritage of people’s struggles, is understood as the basis for articulating alternatives to capitalism and as the primary means for constituting a transformative subject of historical change.

      This series seeks to elaborate the social theorising and politics of democratic Marxism.

      CAPITALISM’S CRISES

      CLASS STRUGGLES IN SOUTH AFRICA AND THE WORLD

      Editor: Vishwas Satgar

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      Published in South Africa by:

      Wits University Press

      1 Jan Smuts Avenue

      Johannesburg, 2001

       witspress.wits.ac.za

      Compilation © Vishwas Satgar 2015

      Chapters © Individual contributors 2015

      Published edition © Wits University Press 2015

      First published 2015

      978-1-86814-920-9 (print)

      978-1-86814-926-1 (PDF)

      978-1-86814-924-7 (digital)

      All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the written permission of the publisher, except in accordance with the provisions of the Copyright Act, Act 98 of 1978.

      Edited by Liz Mackenzie and Mark Ronan

      Proofread by Lee Smith

      Index by Clifford Perusset

      Cover design by Farm Design

      Book Design by Hothouse South Africa

      Book layout and typesetting by Farm Design

      Printed and bound by Creda Communications

      ACKNOWLEDGEMENTS

      This volume owes a special debt to the Rosa Luxemburg Foundation. Without their support it would have been impossible to hold a contributors’ workshop in South Africa and to ensure that the manuscript was developed sufficiently for publication. We are also grateful to the support given by Athish Satgoor and Andrew Bennie, organisers at the Cooperative and Policy Alternative Centre (COPAC), who played a central role in organising the workshop convened with contributors and activists from various social movements, including worker leaders involved in building the National Union of Metalworkers-led United Front. Special thanks also goes to Kathryn Joynt who assisted with a language and citation edit and Professor Michelle Williams who gave feedback on the manuscript. Finally, special thanks to the team at Wits University Press, particularly Veronica Klipp, Roshan Cader and Corina van der Spoel for supporting this volume and the Democratic Marxism Series.

      ACRONYMS AND ABBREVIATIONS

      ANC African National Congress

      ARVs anti-retrovirals

      BJP Bharatiya Janata Party

      BNDES Brazilian Development Bank

      BRICS Brazil, Russia, India, China and South Africa

      CALS Centre for Applied Legal Studies

      COPAC Cooperative and Policy Alternative Center

      Cosatu Congress of South African Trade Unions

      CRID Research and Information Centre for Development

      DAWN Development Alternatives with Women for a New Era

      DGB Confederation of German Trade Unions

      DPD domestic public debt

      ECB European Central Bank

      ECB external commercial borrowings

      ECI European Citizens’ Initiative

      EE Equal Education

      EFF Economic Freedom Fighters

      EMF European Metalworkers’ Federation

      EMU Economic and Monetary Union

      EPSU European Federation of Public Service Unions

      ETUC European Trade Union Confederation

      EU European Union

      FDI foreign direct investment

      FII foreign indirect investment

      GDP gross domestic product

      GLC Greater London Council

      ICT information and communications technology

      IFG International Forum on Globalization

      IFIs international financial institutions

      IMF International Monetary Fund

      ISI import substitution industrialisation

      LAT labour aristocracy thesis

      LRC Legal Resources Centre

      MEC minerals–energy complex

      MST The Landless Peasants’ Movement

      NATO North Atlantic Treaty Organisation

      NCEUS National Commission for Enterprises in the Unorganised Sector

      NDP National Development Plan

      NDR National Democratic Revolution

      NEP New Economic Policies

      NGO non-governmental organisation

      NUM National Union of Mineworkers

      Numsa National Union of Metalworkers of South Africa

      OECD Organisation for Economic Co-operation and Development

      OWS Occupy Wall Street