Our chance to complete the revolution
The first phase of the democratic revolution in South Africa, the "post-1994 breakthrough", is fast approaching its end, writes Professor Christopher Malikane.
The first phase of the democratic revolution in South Africa, the "post-1994 breakthrough", is fast approaching its end, writes Professor Christopher Malikane. A. White monopoly capital: Myth or Reality? The first phase of the democratic revolution in South Africa, what we called the “post-1994 breakthrough”, is fast approaching its end. This phase was characterised by unfettered dominance of white monopoly capital over all levers of power in all spheres of society. The power of white monopoly capital could be seen in the private sector, in all apparatuses of the state such as government, the universities, the courts, the press, the security forces and political parties. The strength of white monopoly capital is that it owns and controls South Africa’s resources and it has strong international backers. The dominance of white monopoly capital in the economy determines the nature of the state and the society as a whole, since the existence of the state itself is supported by the resou...
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