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Numsa call to nationalise Sexwale, Motsepe's wealth ridiculous
Tuesday, November 03, 2009
Comments: 6
Comments: 6
"The National Union of Metalworkers (Numsa) on Monday called for the nationalisation of the wealth of South Africa's richest man, Patrice Motsepe and ANC struggle hero, Tokyo Sexwale.
This comes after South Africa's "Rich List" was published by the Sunday Times on Sunday.
The list, compiled by Who Owns Whom, showed that Motsepe was the richest South African with R14.2 billion".
(Full article)
The call to nationalize the mines - even after their contracts expire - has no place in modern economics. The examples of failures and disinvestment speak for themselves.
The call to nationalize the wealth of individuals based upon a reference to a freedom charter, which can firstly be interpreted in a number of ways and secondly arose decades ago on a different economic planet, is quite frankly galling.
""Why should such massive wealth be in the hands of private individuals?" asked Ngobese.
"We strongly believe that our National Democratic Revolution (NDR) as encapsulated in the Freedom Charter was never meant to reproduce or replace a White capitalist class with a Black capitalist class or co-opt connected politicians to join exploiters."
He said the NDR has always been "anti-imperialist and anti-capitalist".
(Castro Ngobese)
Perhaps Mr Ngobese might give consideration to what happens to a society where there is nothing to aspire to.
It failed in the U.S.S.R and is quickly being rejected by the Chinese.
"This then calls for the radical and revolutionary agenda to be championed by the broad movement as led by the ANC to transfer the wealth of our country to the hands of the people as a whole, as opposed to a selected few."
He said failure by the African National Congress to transfer the wealth will lead to an upsurge of service delivery protests".
(Castro Ngobese)
I hate to break this to Mr Ngobese but the failure to give adequate service delivery is down to corruption, negligence and even criminal conduct primarily among the very people who would get their hands on the wealth of the individuals concerned.
50 billion on this arms deal, a few more on social grants, every chappie gets a R1m motor and so on and so forth ad nauseum.
If they happily take it from the taxpayer why would milking the money from our wealthy be any different?
The poor would get - as always - sod all.
No the best bet for prosperity is giving big business the backing of government and not a reason to get the hell out of Dodge. At least they know how to create wealth rather than just spend it on themselves.
This comes after South Africa's "Rich List" was published by the Sunday Times on Sunday.
The list, compiled by Who Owns Whom, showed that Motsepe was the richest South African with R14.2 billion".
(Full article)
The call to nationalize the mines - even after their contracts expire - has no place in modern economics. The examples of failures and disinvestment speak for themselves.
The call to nationalize the wealth of individuals based upon a reference to a freedom charter, which can firstly be interpreted in a number of ways and secondly arose decades ago on a different economic planet, is quite frankly galling.
""Why should such massive wealth be in the hands of private individuals?" asked Ngobese.
"We strongly believe that our National Democratic Revolution (NDR) as encapsulated in the Freedom Charter was never meant to reproduce or replace a White capitalist class with a Black capitalist class or co-opt connected politicians to join exploiters."
He said the NDR has always been "anti-imperialist and anti-capitalist".
(Castro Ngobese)
Perhaps Mr Ngobese might give consideration to what happens to a society where there is nothing to aspire to.
It failed in the U.S.S.R and is quickly being rejected by the Chinese.
"This then calls for the radical and revolutionary agenda to be championed by the broad movement as led by the ANC to transfer the wealth of our country to the hands of the people as a whole, as opposed to a selected few."
He said failure by the African National Congress to transfer the wealth will lead to an upsurge of service delivery protests".
(Castro Ngobese)
I hate to break this to Mr Ngobese but the failure to give adequate service delivery is down to corruption, negligence and even criminal conduct primarily among the very people who would get their hands on the wealth of the individuals concerned.
50 billion on this arms deal, a few more on social grants, every chappie gets a R1m motor and so on and so forth ad nauseum.
If they happily take it from the taxpayer why would milking the money from our wealthy be any different?
The poor would get - as always - sod all.
No the best bet for prosperity is giving big business the backing of government and not a reason to get the hell out of Dodge. At least they know how to create wealth rather than just spend it on themselves.
5123 Mike Trapido
[ Thursday, November 05, 2009 | 9:56:03 PM ]
Tucker from where you're standing things are looking up....
5116 Bernie Madoff
[ Thursday, November 05, 2009 | 10:17:03 AM ]
Mike,
There's a lot that I could moan about. The food, for starters is up to shit. And the main course isn't any better but, what the hell, they say I'll get used to it. It takes "time" apparently. Where the cooks were trained beats me. But some of you people out there think that I'm lucky not to be eating dog crap, so I suppose I shouldn't complain.
Anyway, let me tell you something. Every cloud has a silver lining....
Out where you are, I'm the biggest piece of shit that ever walked down Wall Street. But here, it's a different story. You see... morality isn't a constant. Nothing at all like what the rabbi tells you it is on Yom Kippour. I never believed him when I made my annual visit. His whole story about repentance and redemption all sounded so unlikely even before Ponzi went pyramid down. It was all just another fairy tale.
In here, I'm the good guy. The best that ever walked through the fucking metal doors. Nobody likes the child molesters and other sex offenders. But what I did is really admired. You see, people here have different values. Life isn't a constant. People think differently. None of those petty minded attitudes that you read, day in and day out, enshrined by those lousy columnists in The New York Times. Not a single one of them, by the way, had two beans to rub to their name.
Where I am, the bigger the crime, the bigger the respect. The two go hand-in-hand, just like Bonnie and Clyde. Cleaning New York State out isn't frowned upon. Everybody thinks that it was about time somehow had the balls to do it. You see, it isn't only the hookers that admire them.
There's a lot that I could moan about. The food, for starters is up to shit. And the main course isn't any better but, what the hell, they say I'll get used to it. It takes "time" apparently. Where the cooks were trained beats me. But some of you people out there think that I'm lucky not to be eating dog crap, so I suppose I shouldn't complain.
Anyway, let me tell you something. Every cloud has a silver lining....
Out where you are, I'm the biggest piece of shit that ever walked down Wall Street. But here, it's a different story. You see... morality isn't a constant. Nothing at all like what the rabbi tells you it is on Yom Kippour. I never believed him when I made my annual visit. His whole story about repentance and redemption all sounded so unlikely even before Ponzi went pyramid down. It was all just another fairy tale.
In here, I'm the good guy. The best that ever walked through the fucking metal doors. Nobody likes the child molesters and other sex offenders. But what I did is really admired. You see, people here have different values. Life isn't a constant. People think differently. None of those petty minded attitudes that you read, day in and day out, enshrined by those lousy columnists in The New York Times. Not a single one of them, by the way, had two beans to rub to their name.
Where I am, the bigger the crime, the bigger the respect. The two go hand-in-hand, just like Bonnie and Clyde. Cleaning New York State out isn't frowned upon. Everybody thinks that it was about time somehow had the balls to do it. You see, it isn't only the hookers that admire them.
5115 Mike Trapido
[ Thursday, November 05, 2009 | 9:02:09 AM ]
Bernie how are they treating you at the pen?
5112 Bernie Madoff
[ Wednesday, November 04, 2009 | 6:11:30 PM ]
type.. majority of blacks!
5111 Bernie Madoff
[ Wednesday, November 04, 2009 | 6:10:29 PM ]
Mr Trapido,
To put it in a nutshell... I helped to bring down American capitalism. And Sexwale, Motsepe and the other BEE billionaires will
help yo bring down capitalism in South Africa. It is inevitable. You can't have them prancing around as if they are Arab Sheikhs, whilst the majority of backs are surviving like tramps.
Such inequalities will bring down any system. And you don't have to be Albert Einstein to recognize it.
To put it in a nutshell... I helped to bring down American capitalism. And Sexwale, Motsepe and the other BEE billionaires will
help yo bring down capitalism in South Africa. It is inevitable. You can't have them prancing around as if they are Arab Sheikhs, whilst the majority of backs are surviving like tramps.
Such inequalities will bring down any system. And you don't have to be Albert Einstein to recognize it.
5104 Bernie Madoff
[ Wednesday, November 04, 2009 | 2:10:05 PM ]
Mr Trapido,
I note from the above that you ain't no Robbing Hood.
I believe, of course, that it is best to rob from The Rich and give the proceeds to The Even Richer.
From where I sit, I can tell you one thing amigo.. capitalism in SA, as it "functions" now, won't survive. By 2014, at the latest, the party (ANC??) will be over.
I note from the above that you ain't no Robbing Hood.
I believe, of course, that it is best to rob from The Rich and give the proceeds to The Even Richer.
From where I sit, I can tell you one thing amigo.. capitalism in SA, as it "functions" now, won't survive. By 2014, at the latest, the party (ANC??) will be over.
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