Patrick Bond

Early March 2022 provided a surprising reflection of the extent to which dominant Western norms of international finance could retain hegemony, even as the world’s North-South polarisation suddenly worsened. The Shanghai-based New Development Bank (NDB) was set up by five countries – Brazil, Russia, India, China and South Africa (BRICS) – at a 2014 Brazilian conference of presidents.

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By Patrick Bond June 23, 2018 — Links International Journal of Socialist Renewal — A ‘think tank’ is sometimes a group of people paid to think, by the people who control the tanks (as Naomi Klein once remarked). Here in Johannesburg, one of South Africa’s highest-profile intellectual vehicles appears to be a victim of drunken driving by scholars from whom we otherwise expect much stronger political navigation skills.
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By Patrick Bond April 23, 2018 — Links International Journal of Socialist Renewal reposted from Review of African Political Economy —Two leading critics of imperialism – John Smith and David Harvey – have recently fought bitterly on roape.net on over how to interpret geographically-shifting processes of super-exploitation. The risk is that they obscure crucial features of their joint wrath: the unjust accumulation processes and geopolitics that enrich the wealthy and despoil the world environment.
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By Patrick Bond February 5, 2018 — Links International Journal of Socialist Renewal A brand new World Bank report, The Changing Wealth of Nations 2018, offers evidence of how much poorer Africa is becoming thanks to rampant minerals, oil and gas extraction. Yet Bank policies and practices remain oriented to enforcing foreign loan repayments and transnational corporate (TNC) profit repatriation, thus maintaining the looting.
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By Patrick Bond May 3, 2017
–– Links International Journal of Socialist Renewal –– At a time when US and South African presidents Donald Trump and Jacob Zuma personify controversies over crony capitalism, corruption, populist rhetoric and self-serving economic strategies, will big business calm down the politicians – or just egg them on?

  

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By Patrick Bond

April 28, 2017 — Links International Journal of Socialist Renewal — On South Africa’s political left, the Economic Freedom Fighters (EFF) party dominated recent news by leading a mass march on President Jacob Zuma’s office in Pretoria, following a government power shift seen as amplifying corruption. The move also catalysed a ‘junk’ rating by two neoliberal credit ratings agencies. And an impeachment process on the immediate horizon represents the first real parliamentary threat to Zuma’s eight-year reign.