This is a lucid analysis of neoliberal economics as formulated by the World Bank and IMF and imposed on Africa and South Africa in particular. It shows the economic and human damage wrought by these policies, and how they have displaced the originally radical and pro-people orientation of the ruling African National Congress. The leadership's change of heart has cost the South African people a million jobs, stymied their hopes of sustainable access to housing, water, electricity, health and education, dramatically worsened income inequality, and opened up a dangerous gulf of disillusion between voters and government. Patrick Bond describes how South African civil society has resisted corporate-dominated globalization, and argues that there is another way to more socially just and economically rapid development.
Publisher: Zed Books Ltd