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Globalization and South Africa

By Nick Egnatz - Posted on 27 September 2011

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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