The Namibian (Windhoek)

4 January 2013

Namibia: Chasing the Dots ... Capital Adequacy, Social Inadequacy

opinion

Looking back at the last two years it is quite evident, although totally unverifiable, that a worldwide coup has been effected.

Global capital, spearheaded by the major international banks and mega global corporations, rules. Governments do as they are told against the occasional public relations exercise of their sterile regulatory organisations exerting what are seen as massive fines for openly criminal acts just to keep up an illusion. The financial media, headed by a stream of mid 30's and early 40's adenoidal, long haired ladies, promote the plight of the world just as they are paid to do! Plus their carefully chosen male "experts" culturing their sales perception.

The reality is not that perception. The reality is that that raw labour in this world is being bullied and bribed by the globals to make goods with slave labour pay under desperately dangerous working conditions. Equally the supply of raw materials, especially certain minerals and agricultural products, enter the formal markets through a series of "deniability" ports fronts by political and economically dominant "war lords". The major globals have increasingly enhanced their tax avoidance skills in both the source and final product countries further adding to their leverage over both the democratic and despotic nations.

This leverage has also enabled major producers to arrange their financial order to both influence tax liabilities and political strength within each state. All advised and constructed by those behind the total financial meltdown, the massive auditing and consulting groups collusively working together. The resultant reality is that all countries are now experiencing massive and increasing loss of jobs or alternatively increasing labour usage at low wage levels.

Yes, governments are pumping vast amounts of cash into banks to maintain capital adequacy at the expense of the social adequacy of the people. All in a world full of objectionable rhetoric, increasing levels of military perfection (like killing targeted people) and once thought honorable governments having to take dishonorable decisions to stay afloat. A world where war was about soldiers fighting soldiers has now deteriorated to a stage where the movement of large numbers of people has become a weapon and a source of income for participants. Even well known NGOs join the battle. And where war has become so intense that soldiers are suffering permanent mental damage. There remains one thin hope that war between democratic nations and those in economic cooperation are few and far between. The problem is that internal disputes, Libya and Syria especially, show that outside intervention is not a way forward. The Libyan "success" has only transferred money, weapons and skilled mercenaries into Mali, Chad, Niger, CAR and Nigeria with increasingly disturbing results, especially where commercial business is using religious differences to advance their own wealth. A danger is arising that commercial "bribery" will eventually run its course and then .... ?

While Namibia has wisely stayed out of most of this, apart from an unwise trip to DRC (!), we are inevitably affected by these external events, most of which can be defined as "poor governance" (governance = the management of power) but our internal situation is worrying. Our relations with regional states appear to be based upon old friendships, not matters of principle and governance. COMESA, EAC, SADC and the AU, while being ongoing relationships have little substance beyond the employment agency. SACU works but the is a risk of RSA instability, maybe? And most significantly despite heroic attempts through TIPEEG and budgetary restraint, the reality is we have too many public servants and half our population is excluded from the cash environment. A perfect source of dissatisfied "volunteers".

This attempt at defining our real world tells me that somehow our happy survival must extend beyond just looking at part of our population. We have get our million or so citizens on board the economic train. Their survival shows they have the abilities. This latent talent is the source of our and Africa's growth. Our commitment to unity, fairness and progress should be a significant part of the way forward in our increasingly unpredictable world. Maybe it our saviour? Our resources need a new focus with the new team. Social adequacy must rule.

Ads by Google

Copyright © 2013 The Namibian. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.