The world is dealing with the ultimate cancer of society, which finally leads to starvation, unrests and marginalisation of the middle- and poor classes.
This is also known as 'global corporatisation'.
In fact, global corporates, also referred to as 'multi nationals', have become more powerful than governments. Their lobbies make the laws that are debated in parliament and finally implemented in order to protect their cartelised interests. Political leadership is identified and compromised for such protection.
As one London-based economist observed, "There is no science behind economic and financial planning of the capitalist West. Their blatant fraud resulted in the financial collapse."
The weather bureau forecasts the weather, but the human psychology failed dismally to predict the financial and economic tsunamis.
Big global banks base their forecasts on speculation and downright lies. Their pea-brain lizards, masquerading as (self-appointed) gods should be classified as 'financial rapists'. Their creation of, for instance, the 'dot.com' bubble is a classic example. This is fraud and corruption on the highest, global level.
It seems commonly accepted that their chequebooks buy the majority vote, excluding the majority of the electorate.
In other words, a corrupted and over-compromised political leadership has become the gatekeepers for corporate interests at the cost of the majority of the population, who vote in good faith for a better future.
'Broad Based Black Economic Empowerment (BBBEE)' of the "previously" disadvantaged is the 'generous' contribution to "uplift" the black indigenous Africans. This form of tokenism has led to further corruption.
A thin and fickle black African middle-class also referred to as 'coconuts' emerged, assisting a structured economic programme of poverty.
Now this is called 'democracy'.
In the above context, the unprotected and disempowered worker, who still holds a job, works for next to no income, in order to feed the family.
The workers' choices to demand better living wages have shrunk over the years. This has weakened the workforce. Eventually it had to succumb to the dictates of the corporates, or face their wrath in the form of their laws and finally, unemployment.
Meanwhile, manufacturing has been outsourced to China, India, Indonesia and Pakistan, where sweatshops employ millions of human beings for a handful of rice.
The aforementioned is also known as 'structured poverty', as it has made any form of economic participation for the indigenous majority completely impossible. Governments stand helplessly by, trying to control resultant massive anger.
When the majority of the indigenous population eventually rises against the economic marginalisation, the state has to call for order to fend off the organised destabilisation based on structured poverty.
As evil as it might seem, the reality of the above scenario does not allow any room for 'minimum wages'.
In the case of southern Africa, labour unrests brought about political upheavals. Global rating agencies such as Standard & Poor and Moody's downgraded the value of the South African currency. It has an effect on all of the region's national currencies and economies.
And . . . the global financial and economic cartels have won the day again. Always remember - 'the higher the chaos in an African country, the bigger the profits'. That bankrupt global approach was made clear at the height of the Angolan war when the Angolan government received the highest Foreign Direct Investment (FDI) on the African continent in order to protect the oil and gas fields between Luanda and Cabinda.
Modern day slavery is an inhumane and unchristian cancer. We live in godless and heartless times.
• Udo Froese is a non-institutionalised political and socio-economic analyst and columnist based in Johannesburg, South Africa and Windhoek, Namibia.