[DEBATE] : JSE in freefall

[Azwell Banda]

There could possibly be gross underestimation of the potential to permanently damage smaller capitalist economies such as the South African one, by many watchers/analysts/economists and social activists of all sorts, of the ongoing financial crisis. 

The truth is the South African economy is well "integrated" into the imperialist global financial circuits not to be affected by the goings on up North.

A much more urgent issue is, how best can the Left, in their localities, respond to the current crisis of global capitalism? 

Funny, how the language used to express what is happening to global capitalism emulates how we describe complex changes in living organism. 

"............... and the market is becoming weary of hearing that "there could be a slowdown in worldwide economic growth"." "The market" is truly a feeling bloody living thing!

Hugs,

Azwell.
 

-----Original Message-----
From: debate-bounces at debate.kabissa.org [mailto:debate-bounces at debate.kabissa.org] On Behalf Of grinker at mweb.co.za
Sent: 29 September 2008 08:14 PM
To: debate at debate.kabissa.org
Subject: [DEBATE] : JSE in freefall

Apparently the JSE closed over 8% down this evening. Some sort of record apparently.

-real for €750-million. -- I-net Bridge