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...fundamentalists demonstrates their dogmatism. In contrast to their conviction that markets freed from state meddling have engineered record growth, we see that the 1980s and 1990s, both decades of especially unfettered capitalism, were the second-slowest and slowest periods of real global growth since World War II, respectively (3.3 percent in the 1980s and 2.3 percent in the 1990s versus 4.9 percent from 1950-1973). In the same vein, the economist Branko Milanovic has argued that “the record of the last two decades (1978-1998) is shown to be almost uniformly worse than that of the previous...

Author: By Adaner Usmani | Title: An Anti-Capitalist Primer | 11/29/2007 | See Source »

...National Congress disciplined by the whims of transnational capital was forced to abandon its apartheid-era radicalism and fall in line: from 1994 to 2006, the number of people living under $1 per day doubled to four million, while the unemployment rate for black South Africans increased from 23 percent in 1991 to 48 percent...

Author: By Adaner Usmani | Title: An Anti-Capitalist Primer | 11/29/2007 | See Source »

...number of protests recorded nationally (87,000 in 2005, up from 8,700 in 1993). And while rural distress is particularly pronounced, the urban working classes are often equally enraged. In the province of Guandong, home to a Special Economic Zone that recorded growth rates of 20-30 percent for a quarter century, 10,000 protests took place...

Author: By Adaner Usmani | Title: An Anti-Capitalist Primer | 11/29/2007 | See Source »

...capitalist logic, their inability to compete with large-scale commercial enterprises has demanded their demise. Yet, according to Samir Amin’s calculations, “in 50 years’ time, industrial development, even in the fanciful hypothesis of a continued growth rate of seven percent annually, could not absorb even one-third of this reserve...

Author: By Adaner Usmani | Title: An Anti-Capitalist Primer | 11/29/2007 | See Source »

...which he sold in local supermarkets. Today, with the help of new partner Michael Gravina, he has expanded, selling some chilies direct to Tabasco and experimenting with his own recipes to produce four flavors, Baobab Gold, Zambezi Red, Mozambique Masala and Zanzibar Spice, in sauces and spice grinders. Ten percent of the price of all his products goes back to the Trust to buy seedlings and train more farmers and game wardens in chili deterrents...

Author: /time Magazine | Title: Hot Chilies Keep Elephants At Bay | 11/28/2007 | See Source »

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