The crisis of capitalism: decadent ruling class remains undaunted


There were several organisations that fought for the liberation of South Africa (Azania). Three became known, the ANC, PAC and BCM. They were guided by their ideologies, especially in terms of what economic system they preferred. The ANC of 1957 adopted the Freedom Charter and refers to itself as a broad church.

The PAC adopted an Africanist Socialist Democracy as its preferred economic system. Mangaliso Robert Sobukwe said white supremacy, colonialism, imperialism and capitalism must be destroyed. Sobukwe died 40 years ago from poisoning by the apartheid government.

The BCM is a socialist organisation. Steve Biko was in favour of establishing an egalitarian society and spoke out against racism. He completely ruled out capitalism. He also condemned colonialism and imperialism.

Leaders of the PAC and BCM were martyred. They were prepared to die for what they believed in. The 12th September will mark the 41st anniversary of the brutal murder of Biko at the hands of the apartheid government.

In the 1980’s, some leaders of the ANC held secret negotiations with apartheid government officials and captains of industry brokered by the imperialists. The PAC and BCM were completely left out only to be invited when the secret negotiations were a fait accompli. PAC leaders who succeeded Zeph Mothopeng and Jafta Masemola jumped on the negotiations bandwagon after the death by poisoning of Mothopeng and Masemola’s assassination. Azapo, which is one of BCM formations completely rejected participation in those negotiations which were initiated in secret.

A rigged election with no voters’ roll whose outcome was predetermined was arranged in April 1994.As expected the ANC was anointed the ruling party after “winning” that rigged election. It is becoming clearer and clearer every day that the ANC is ruling on behalf of the white power structure and that South Africa is not a sovereign state.

The ANC came to power through crooked secret negotiations and a rigged election and have disregarded PAC and BCM ideals for which leaders of these organisations gave their lives. They are undaunted by the discontent of millions of supporters of these organisations engendered by the crises of capitalism.

Ralph Miliband wrote, “Socialism postulates that an altogether different economic system will in due course come to replace capitalism, and that this economic system will be based on the principle that no person should work for the private enrichment of another and under conditions of enforced subordination; and wage labour … will be taken to be as morally repugnant as slavery or serfdom are now viewed as being”.

Capitalism is an antiquated, crisis-ridden system that dominates the world. The PAC and BCM fought for a more human system.

The Steinhoff saga – where public pensions held by the Public Investment Corporation (PIC) were invested as hedge funds at Steinhoff were squandered in speculative gambling – is indicative of the crisis of capitalism. When called upon to account, former Steinhoff CEO Markus Jooste just spewed gobbledygook. A warrant for his arrest hasn’t been issued and one wonders what the Hawks are waiting for. Some of these white supremacists are a law unto themselves which is another sign of the crisis of capitalism. Capitalism knows no law nor morality.

Another crisis of capitalism is that the Special Pension funds for struggle veterans held at Treasury were also squandered. Khulumani Support Group led by Dr Marjorie Jobson intended to take Treasury to court through the Legal Resources Centre headed by Advocate George Bizos to clean the rot but that has come to naught because they were persuaded to settle the matter out of court.

Mike Stainbank, the originator of the Apartheid Museum has been swindled in broad daylight by some white guys in cahoots with the judiciary, executive and the legislature. He says the judiciary has been captured by white supremacists. He has deposed an elaborate affidavit to Justice Raymond Zondo who chairs the inquiry into state capture but Justice Zondo has ignored his submission. Therefore, he is probably not going to be listed as one of the witnesses to testify.

The idea of the Apartheid Museum is Stainbank’s and has documents to prove it. However, these white guys claim it is their idea. But they don’t have the documents to prove it. Yet the judiciary ruled in these white thugs’ favour. This is another issue that supports the idea of the crisis of capitalism.

State capture itself is a manifestation of the crisis of capitalism. As some people including myself have pointed out, state capture is not a new phenomenon. It was there prior to 1994. When H F Verwoerd tried to stem the tide of state capture through the Piet Hoek Commission, he was assassinated on 6 September 1966 by those who had captured the state and are still capturing it to date. They are the Oppenheimers, Ruperts, Wieses and the Anglo American Empire.

I have written several articles decrying the steep rise in the price of petrol and also pointed out that Members of Parliament and Cabinet Ministers don’t give two hoots because they are paid handsomely therefore don’t feel the pinch. I heard in the news that the sky-rocketing price of petrol is going to be debated in the National Assembly.

This is encouraging. However, the problem of the rapid rise of the price of petrol and other commodities is a microcosm. The main problem is the system of capitalism.

ANC leaders are aware they ascended the throne through illegitimate and crooked ways and excluded the ideas of PAC and BCM on how this country should be run. It is clear that the ideas of the ANC and the white elite have failed and were not going to succeed anyway. Don’t they think it was about time they consulted with followers of these organisations and sought solutions to this country’s problems thereby extricating themselves from the mess in which they plunged this country? PAC and BCM ideas can be ignored at the ANC’s own peril.

Sam Ditshego is an independent researcher.