30/9/2008 8:56:32 AM kgaleshi (FJZ Mobile) To Nqamane (socialism)
I sense your eagerness to take advantage of the moment for the country to advance socialism, for now, we are not ready yet. i will explain.
AK, your response is coming.
Nqamane, socialism is just,its incorporative & looks after the well being of every citizen.
Capitalism/neo leberalism is advocated by those who wants to plunder resources & commit fraud like wall street.
What is happening in wall street is fraud of the century, money was made by speculators who did not put a cent, they pilled up trillions of debt on speculation, cooked books, & they had no balance sheet to cover for their credits, now they are bust, & they want bail out.
We marxist have termed it( privatising profits & nationalising losses). thats what the $700 billion its all about. All those banks what they need its just money to lend,speculate again & continue fraud as normal.
Back to socialism. The economic term developmental state has been forwarded. In these we look into the capacity of state/instituitions of state/development of industry & skills needed.
Before we go on socialism, we need to achieve an advanced industrialist/technological state of industry. We need a skilled & effective labour & highly qualified civil society & instituotions of democracy. You dont need a poor socialist state, u need a rich socialist state. For example, this means u need profitable/technological & advanced industry from mining/smelting/conversion to final products.
E.G. u mine iron ore, smelt it, convert into steel bars/ cut to industry needs & make it for customer taylor needs. We dont want a situation where we export minerals only. South korea & china/india, they buy minerals from us but sells us the finished product. South korea has no minerals yet they are one of the world biggest producer of steel.
We need to advance to higher utilasation of minerals & all factors of production, with the state having a bigger slice like in china, before we turn to socialism.
Thats in short from me, AK, i owe you i know. good things comes to those who wait.
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