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**** > > ** ** > > ** ** > > http://www.investec.com/en_group/#home/legal/email_disclaimer.html > > The disclaimer also provides our corporate information and names of our > directors as required by law. > > The disclaimer is deemed to form part of this message in terms of Section > 11 of the Electronic Communications and Transactions Act 25 of 2002. > If you cannot access the disclaimer, please obtain a copy thereof from us > by sending an email to: [email protected] > > -- > You are subscribed. 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