Globalization and South Africa

Neoliberal globalization (free trade, free markets, no regulations, tax cuts for the wealthy and privatization of everything public), also more recently termed neoconservatism, is in essence a war on the poor and working class.

Here in the U.S. the results of this war are grim; 22%+ real unemployment rate, 50,000 U.S. factories closed in the last 10 years, millions of families evicted from their homes, 30%+ drop in home values nationwide, 1/3 of home mortgages “underwater,” 37% of young families under the age of 30 in poverty, etc, etc, etc.

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