South-Africa

“Household debt is hobbling the black middle class” of South Africa. Via The Economist:

* South Africans are the world’s most avid borrowers, according to the World Bank. A study published in 2014 showed that 86% had borrowed money in the previous year.
* Most borrow from friends or family, but an astonishing 25m out of about 37m adult South Africans owe money to financial institutions or other corporate lenders (such as utilities or shops that allow them to buy now and pay later).
* Fewer than 10m people are formally employed (although many more work on farms or in the informal economy, where statistics are not reliable).
* Many South Africans are ignorant of the basics of personal finance, a trait that transcends income levels. Neil Roets, who heads Debt Rescue, a debt-counselling firm, says new clients are first asked for their household budget. Most do not have one. “We get people coming in who earn very big salaries…and have never learned how to work with money.”

MORE about the great South-African success brought about by the “Anglo-American axis of evil.”

THE NEW COLUMN comes abridged and unabridged. “A New Party Boss In South Africa Is No Reason To Party” is the short and not-so-sweet version, now on Townhall.com.

“In Africa, You Oust A Tyrant, But Not Tyranny” is longer with lots of “inside baseball” for the nerds. It’s on the Unz Review, America’s smartest webzine.

An excerpt:

READERS were angry. I had rained on their parade by venturing that the appointment of a new party boss to head South-Africa’s dominant party was an insignificant game of musical chairs.

But perhaps it is I who should have been annoyed. Nobody with a modicum of cerebral agility should see in the new South-African Strong Man, union boss-cum-tycoon Cyril Ramaphosa, a significant change of the guard.

Surely by now it should be common knowledge that in Africa, you replace a despot, but not despotism; you oust a tyrant, but not tyranny?

There’s a reason Ramaphosa riles crowds at a South African Communist Party rally just as easily as he excites the head of Goldman Sachs’s South Africa office. (For a clue, ask yourselves how a union boss becomes a tycoon.)

In the tradition of dimming debate, the chattering class has reduced systemic corruption in South Africa and near collapse in Zimbabwe, respectively, to the shenanigans of two men: Jacob Zuma and Robert Mugabe.

Emblematic of this is a thematically confused article in The Economist, offering a description of the dynamics set in motion by the Zuma dynasty’s capture of the state.

At first, the magazine explains the concept of “state capture” as “private actors [having] subverted the state to steal public money.”

Later, the concept is more candidly refined: “The nub of the state capture argument is that Mr. Zuma and his friends are putting state-owned enterprises and other governmental institutions in the hands of people who are allowing them to loot public funds.”

Indeed. Corruption invariably flows from state to society.

And, “state capture” is quite common across Africa, even if “unfamiliar elsewhere in the world,” which is all the “context” The Economist is willing to provide.

“To avoid a dire, two-decade dynasty of dysfunction, South Africa’s ruling African National Congress should ditch the Zumas,” the magazine concludes.

That’s it? If only.

“The Corruption of South Africa,” courtesy of The Economist, hurtles between being an excellent exposé, yet providing nothing more than reportorial reductionism.

Continental context, if you will, is essential if one is to shed light on the “Dark Continent.”

To wit, the seductive narrative about the ANC’s new boss, Cyril Ramaphosa, gets this much right: There is nothing new about the meaningless game of musical chairs enacted throughout Africa like clockwork. The Big Man is overthrown or demoted; another Alpha Male jockeys his way into his predecessor’s position and asserts his primacy over the people and their property.

Elections across Africa have traditionally followed a familiar pattern: Radical black nationalist movements like the ANC take power everywhere, then elections cease. “One man, one vote, one time,” to quote the book, “Into the Cannibal’s Pot: Lessons for America From Post-Apartheid South Africa.” Or, if they take place, as they do in South Africa, they’re rigged, in a manner.

For a prerequisite for a half-decent liberal democracy is that majority and minority status be interchangeable and fluid, and that a ruling majority party (the ANC) be as likely to become a minority party as the opposition Democratic Alliance (DA). In South Africa, however, the majority and the minorities are politically permanent, not temporary, and voting along racial lines is the rule.

So, as the dictator Mugabe hung on to power for dear life, reasonable people were being persuaded by the pulp and pixel press that if not for this one megalomaniac, freedom would have flourished in Zimbabwe, as it has, presumably, in Angola, Congo, Congo-Brazzaville, Ethiopia, Eritrea, Liberia, Sierra Leone, Somalia, Sudan, and the rest of strife-torn Africa south of the Sahara. …

… READ THE REST. “A New Party Boss In South Africa Is No Reason To Party” is now on Townhall.com.

“In Africa, You Oust A Tyrant, But Not Tyranny” is on the Unz Review.