Released to coincide with the 20th anniversary of the end of apartheid, this is an updated edition of a best-selling work of political analysis. Patrick Bond, a former adviser to the ANC, investigates how groups such as the ANC went from being a force of liberation to a vehicle now perceived as serving the economic interests of an elite few.This edition includes new analysis looking at the 2008 internal coup against Thabo Mbeki, the subsequent economic crisis and the massacre of mi...

‘Boris Kagarlitsky is a man of enormous intellect and bravery ... I’ve always been stimulated by discussions with Boris and his relationship with thoughtful figures all around the world’ – Jeremy Corbyn MP‘Perhaps the most prominent Marxist thinker in the post-Soviet space’ – Open Democracy‘This brilliant and profound book is likely to become a classic’ – Jayati Ghosh, Professor of Economics, University of Massachu...

The rise of the BRICS - a bloc of emerging economies, comprised of Brazil, Russia, India, China and South Africa, is one of the defining features of the modern global economy.This book explores these nations, which seem to be growing at a much faster rate than the developed nations of the Eurozone and North America. Will they drag the developed world out of the economic mire? Will they force social change and innovation into the tired 'old world order'? And politically, do they her...

What role do emerging markets play in the global financial system? Are they subordinated within global financial hierarchies? Or do they have autonomy, even power, to use finance to pursue state objectives?In this edited volume, leading scholars explore these questions, focusing on state–finance interactions globally. The book combines literatures on international financial subordination, financial statecraft and comparative capitalism to analyse state–finance relationships in emer...

Challenges the mainstream understanding of BRICS and US dominance to situate the new global rivalries engulfing capitalismBRICS is a grouping of the five major emerging economies of Brazil, Russia, India, China and South Africa. Volume five in the Democratic Marxism series, BRICS and the New American Imperialism challenges the mainstream understanding of BRICS and US dominance to situate the new global rivalries engulfing capitalis...

Despite the rhetoric, the people of Sub-Saharan Africa are become poorer. From Tony Blair's Africa Commission and the Make Poverty History campaign to the Hong Kong WTO meeting, Africa's gains have been mainly limited to public relations. The central problems remain exploitative debt and financial relationships with the North, phantom aid, unfair trade, distorted investment and the continent's brain/skills drain. Moreover, capitalism in most African countries has witnessed the emergence of...

In 1994, the first non-racial elections in South Africa brought Nelson Mandela and his African National Congress to office; elections since have confirmed the ANC's hold, both popular and legitimate, on power. Yet, at the same time, South Africa has one of the highest rates of protest and dissent in the world - underscored by the police shooting of 34 striking miners at Marikana in 2012 - regions of deep poverty and environmental degradation, rising inequality and high unemployment rates. ...

Though initially considered a welcome counterweight to Western interest across Africa, the BRICS are increasingly being viewed as another example of foreign interference and exploitation.BRICS and Resistance in Africa explores the varied forms of African resistance being developed in response to the growing influence of the BRICS. Its case studies cover such instances as the opposition to China's One Belt One Road initiative in East Africa; resistance to the BRICS' oil act...

With the world’s attention fixed on the travails of leading global economies due to a still unfolding financial crisis of gigantic proportions, there has been a studied silence on the fate of the third world as the malaise increasingly impacts it. This silence is particularly disturbing because questions of potential pitfalls in the neoliberal policy package, which the third world (unlike Western Europe and Japan) was largely forced to adopt, were never countenanced. as One third world sta...

EPUB and EPDF available open access under CC-BY-NC-ND licence.China’s Belt and Road Initiative (BRI), commonly called the New Silk Road, is a huge infrastructure project currently revitalising or creating new trading routes and large developments across the globe. It is estimated to cost up to US$8 trillion and impact more than 65% of the world’s population.This book explores the unequal ways this controversial project is altering livelihoods, places and the environment. Fr...

The role and economic power of corporations that dominate the world economy has generated considerable controversy. The most heated debate and the most critical questions surrounding the role of multinational corporations relate to foreign direct investment (FDI). This key volume offers an entirely fresh perspective of the role of multinationals and the development impact of FDI. Contrary to prevailing opinion, it examines whether imperialism is a much more useful concept for describing an...

In the wake of the North American Free Trade Agreement and the terrorist attacks of September 11, 2001, renowned public intellectual and scholar Stephen Clarkson asks whether North America "exists" in the sense that the European Union has made Europe exist.Clarkson's rigorous study of the many political and economic relationships that link Canada, the United States, and Mexico answers this unusual question by looking at the institutions created by NAFTA, a broad selection of econom...