Requesting permission to engage
Lesetja Diphoko
"Sent via my BlackBerry"
-----Original Message-----
From: "[email protected]" <[email protected]>
Sender: [email protected]
Date: Sat, 15 Oct 2011 16:19:50
To: [email protected]<[email protected]>
Reply-To: [email protected]
Subject: RE: [YCLSA Discussion] DAVID MASONDO: Equality of income the key to
economic expansion
Hands off David Masondo
Sent from iPad
-----Original Message-----
From: [email protected]
Sent: 15/10/2011 11:11:17
Subject: Re: [YCLSA Discussion] DAVID MASONDO: Equality of income the key to
economic expansion
Haai VC, but some r kicking the man not the "phony" presentation and erich it
to the right direction...
Sent from my BlackBerry® wireless device
-----Original Message-----
From: Dominic Tweedie <[email protected]>
Sender: [email protected]
Date: Sat, 15 Oct 2011 11:07:34
To: <[email protected]>
Reply-To: [email protected]
Subject: Re: [YCLSA Discussion] DAVID MASONDO: Equality of income the key to
economic expansion
We are engaging. With heavy artillery.
If you are afraid of artillery, stay under cover.
VC
On 15 October 2011 11:01, <[email protected]> wrote:
> Will be it wrong of us to engage the subject, regardless???
>
> Sent from my BlackBerry® wireless device
> ------------------------------
> *From: * <[email protected]>
> *Sender: * [email protected]
> *Date: *Sat, 15 Oct 2011 05:07:28 +0000
> *To: *<[email protected]>
> *ReplyTo: * [email protected]
> *Subject: *Re: [YCLSA Discussion] DAVID MASONDO: Equality of income the
> key to economic expansion
>
> "The state and business elite", so says a member of the state elite
> responsible for money, defining own duties. But are these the duties of
> every one in the state?
>
> Sent from my BlackBerry® wireless device
> ------------------------------
> *From: * [email protected]
> *Sender: * [email protected]
> *Date: *Fri, 14 Oct 2011 17:33:16 +0000
> *To: *<[email protected]>
> *ReplyTo: * [email protected]
> *Subject: *Re: [YCLSA Discussion] DAVID MASONDO: Equality of income the
> key to economic expansion
>
> Once again Masondo is using his pseudo communist politicking 2 score cheap
> political goals and this appease capital that has co-opted him 2 its fold.
> He abuses the marxist knowledge with impunity whilst he partakes in the same
> exercise of conspicuous consumption either directly or indirectly. Despite
> the truth inherent in his article I can state his conclusion is driven by
> hate and a shameful exercise on his part 2 deface the SACP of its
> revolutionary disposition. He has no moral authority 2 raise the some truths
> found in his article at all. Mr Masondo cannot re-write history regardless
> of his influence n money due 2 his alligience 2 da limpopo mafia, historory
> can be re-written, the apartheid regime failed despite the trillions of
> rands it invested 2 re-write history simply because the facts of life are
> just so stubborn. The fact is that SACP has a role to place in the
> transformation on the country's economy no matter what our bankrolled
> scholar and friends may wish! Cde George
>
> Sent via my BlackBerry from Vodacom - let your email find you!
> ------------------------------
> *From: * "Trevor Kekana" <[email protected]>
> *Sender: * [email protected]
> *Date: *Fri, 14 Oct 2011 13:48:43 +0200
> *To: *<[email protected]>
> *ReplyTo: * [email protected]
> *Subject: *[YCLSA Discussion] DAVID MASONDO: Equality of income the key to
> economic expansion
>
> Please note the closing remark..****
>
> [image: Business Day]****
>
> ** **
>
> LEVELS of income inequality are rapidly growing in SA. About 48% of the
> population earns less than R11 a day, while whites earn eight times more
> than Africans.****
>
> A Gini coefficient of zero signifies perfect equality. The South African
> Gini coefficient is 0,69, while Brazil’s is 0,56. This clearly shows S A is
> drifting towards perfect inequality.****
>
> Surprisingly, the recent 5% salary increase for public representatives and
> judges, and textile union Sactwu’s concession of a 30% wage cut for new
> labour entrants into the textile industry, did not attract much outrage from
> the left. ****
>
> Entrepreneurs produce for the market to earn a profit. South African
> entrepreneurs largely earn a profit by selling raw materials and some
> manufactured goods for export to developed and developing countries with
> lower production costs, such as China and India. In turn, we import
> machinery, semifinished and finished goods.****
>
> The state generates revenue from taxation, part of which pays high salaries
> to politicians and bureaucrats. ****
>
> High-income inequality in the context of a small industrial base constrains
> the ability of the South African market to widen. The expansion of the
> market is determined by demand from wages and profits. The higher the profit
> and wage rates, the more entrepreneurs are likely to expand investment ,
> thus buying more inputs and labour.****
>
> Higher wage rates increase workers’ consumption, thus providing positive
> feedback for entrepreneurs to invest in production. In the long run, this
> may lead to economic development.****
>
> State and business elites tend to spend their high incomes on luxurious
> consumption, while the majority of our population cannot afford this. ****
>
> Low wage rates imply a lower demand for mass consumption, hence low
> production. Since the elites are few, entrepreneurs are likely to produce
> fewer products because the market is small.****
>
> The luxurious consumption patterns do not manifest only in differential
> sources of income and inequality, but are also a reflection of the state’s
> inability to discipline luxurious consumption. Measures that discourage
> luxurious consumption in favour of mass consumption can grow the economy and
> improve the living conditions of the poor.****
>
> Higher wages will inevitably lead to mass consumption as opposed to elitist
> consumption of luxurious goods, thus widening the market. This will increase
> the economic incentive for business to invest, thus growing the economy.**
> **
>
> Policy instruments to curb high levels of income and luxurious consumption
> among elites may also generate a sense that the burden of the economic
> crisis is not placed on the shoulders of the poor. ****
>
> Strict control of capital outflow is also necessary to ensure that the
> investable surplus stays in the country. In South Korea, international
> financial transactions are made through state banks. SA does not take
> extreme measures such as those in South Korea, where illegal capital flight
> is punishable by death. But policy sticks to keep the investable surplus in
> SA must be found.****
>
> Locking investable surplus into the national economy will not inherently
> lead to productive consumption. Applied on its own, this instrument will not
> curb the elites from engaging in luxurious consumption within the nation
> state. This is why there is a need for anti-luxurious consumption tariffs
> and domestic taxes, as well as investment imposed through an interventionist
> industrial policy aimed at bolstering economic development.****
>
> Income earning is determined by ownership of economic and political assets.
> The principal assets that enable the state and business elites to maintain
> these income inequalities are economic power and incumbency of state office.
> ****
>
> The only asset that workers have in order to claim the surplus they produce
> is their ability to organise and fight for their interests. It remains to be
> seen if the leftist organisations are up to the task of organising not only
> against income inequalities, but also for the working people to win
> political power and for the equitable redistribution of strategic economic
> assets. ****
>
> The economic crisis requires bold leadership, political will and militant,
> working- class movements to tackle the structural inequalities rooted in the
> unequal ownership of the key strategic resources. ****
>
> *Unfortunately, we do not have all these in SA. So business can relax. *
>
> • Masondo is a South African Communist Party central committee member and
> Limpopo treasury MEC****
>
> ** **
>
> http://www.businessday.co.za/articles/Content.aspx?id=155840****
>
> ** **
>
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