id="ulink_863b1c2c-9c0c-5f7e-8012-5d3f95671871">Andrews M (2008) Land hunger feeds food hunger, Amandla No 2, June/July: 13–15.
Aguiar J (2007) Capital and nature: An interview with Paul Burkett, Monthly Review April.
Albo G (2006) The limits of eco-localism: Scale, strategy, socialism. In Socialist Register 2007. New Delhi: Leftword Books.
Altvater A (2006) The social and natural environment of fossil capitalism. In Socialist Register 2007. New Delhi: Leftword Books.
Amin S (2008) Preface, In Bieler A, I Lindberg and D Pillay (Eds) Labour and the Challenges of Globalisation: What Prospects for Transnational Solidarity? London: Pluto.
Angus I (Ed) (2009) The Global Fight for Climate Justice: Anticapitalist Responses to Global Warming and Environmental Destruction. London: Resistance Books.
Arrighi G (2007) Adam Smith in Beijing. London: Verso.
Bakan J (2004) The Corporation: The Pathological Pursuit of Profit and Power. London: Constable.
Baran P and P Sweezy (1968) Monopoly Capitalism. Harmondsworth: Penguin.
Barclay E (2003) Cuba’s Security in Fresh Produce. Environmental News Network, September 12.
Bieler A, I Lindberg and D Pillay (Eds) (2008) Labour and the Challenges of Globalisation: What Prospects for Transnational Solidarity? London: Pluto.
Bond P (2009) Comments on the current financial crisis and possibilities for the left by Jeremy Cronin. http://www.ukzn.ac.za/ccs/default.asp?2,68,3,1681 [Accessed 15 June 2010]
Brenner R (2009) Overproduction not financial collapse is the heart of the crisis: the US, East Asia, and the world (Interview with Jeong Seong-jin) The Asia-Pacific Journal, 6 May 2009.
Bruno K and J Karliner (2004) Earthsummit.biz: The Corporate Takeover of Sustainable Development. Oakland: Food First Books.
Bullard N (2009) To live well. In Ransom D and V Baird (Eds) (2009) People First Economics. Oxford: New Internationalist Publications.
Burkett P (2006) Marxism and Ecological Economics. Leiden: Brill.
Clapp J and P Dauvergne (2008) Paths to a Green World. New Delhi: Academic Foundation.
Cock J (2007) The War Against Ourselves: Nature, Power and Justice. Johannesburg: Wits University Press.
Conference of the Democratic Left (CDL) (2009) Unite to make another South Africa and world possible! (pamphlet issued by the National Convening Committee, Yeoville, Johannesburg).
Cronin J (2009) The current financial crisis and possibilities for the left. Joe Slovo Memorial Lecture, Chris Hani Institute, 28 January. http://www.ukzn.ac.za/ccs/default.asp?2,68,3,1681 [Accessed 15 June 2010]
Desai M (2004) Marx’s Revenge: The Resurgence of Capitalism and the Death of Statist Socialism. London: Verso.
Eisler R (2009) The Real Wealth of Nations: Creating a Caring Economics. San Francisco: Berrett-Koehler.
Everest L (2004) Oil, Power and Empire. Monroe: Common Courage Press.
Fine B and Z Rustomjee (1996) The Political Economy of South Africa: From Minerals-Energy Complex to Industrialisation. Boulder: Westview Press.
Foster J B (1999) Marx’s Ecology. New York: Monthly Review Press.
Foster J B (2002) Ecology Against Capitalism. New York: Monthly Review Press.
Foster J B (2009) The Environmental Revolution. New York: Monthly Review Press.
Foster J B and F Magdoff (2009) The Great Financial Crisis. New York: Monthly Review Press.
Frank A G (1966) The Development of Underdevelopment. New York: Monthly Review Press.
Friedman T (1999) The Lexus and the Olive Tree. London: Allan Lane.
Friedman T (2005) The World is Flat. London: Allan Lane.
Friedman T (2008) Hot, Flat and Crowded. London: Allan Lane.
Gramsci A (1971) Selections from Prison Notebooks. London: Lawrence & Wishart.
Harriss-White B and E Harris (2006) Unsustainable capitalism: the politics of renewable energy in the UK. In Socialist Register 2007. New Delhi.
Harvey D (2005) The New Imperialism. Oxford: Oxford University Press.
Hattingh S (2008) ALBA: Creating a Regional Alternative to Neo-liberalism? mrzine.monthlyreview.org/2008/hattingh070208.html (downloaded 2 June 2010).
Korten D C (2009) Agenda for a New Economy: From Phantom Wealth to Real Wealth. San Francisco: Berrett-Koehler.
Kovel J (2002) The Enemy of Nature: The End of Capitalism or the End of the World? London: Zed Books.
Lowy M (2006) Eco-socialism and democratic planning. In Socialist Register 2007. New Delhi: Leftword Books.
Mielants E H (2007) The Origins of Capitalism and the ‘Rise of the West’. Philadelphia: Temple University Press.
Morales E (2009) How to save the world, life and humanity. In Ransom D and V Baird (Eds) People First Economics. Oxford: New Internationalist Publications.
Patel R (2009) The Value of Nothing: How to Reshape Market Society and Redefine Democracy. London: Portobello Books.
Ransom D and V Baird (Eds) (2009) People First Economics. Oxford: New Internationalist Publications.
Roberts P (2008) The End of Food: The Coming Crisis in the World Food Industry. London: Bloomsbury.
Rogers H (2006) Garbage capitalism’s green commerce. In Socialist Register 2007. New Delhi: Leftword Books.
Peet R (2003) The Unholy Trinity: The IMF, World Bank and WTO. Johannesburg: Wits University Press.
Perry A (2010) Falling off the Edge: Globalization, World Peace and Other Lies. (2nd Edition). London: Pan Books.
Polany K (1944) The Great Transformation. Boston: Beacon Press.
Rothkopf D (2009) Superclass: How the Rich Ruined our World. London: Abacus.
Sachs W (Ed) (2001) The Jo’burg-Memo: Memorandum for the World Summit on Sustainable Development. Johannesburg: Heinrich Böll Foundation.
Silver B (2004) Forces of Labour. Cambridge: Cambridge University Press.
Wallerstein I (1979) The Capitalist World-Economy. Cambridge: Cambridge University Press.
William M (2008) The Roots of Participatory Democracy: Democratic Communists in South Africa and Kerala, India. New York: Palgrave.
CHAPTER 1
The state of the South African economy
Seeraj Mohamed
The South African economy was in a state of crisis before the recent global financial crisis.
The official unemployment rate has remained at well over 20 per cent over the past decade. Employment has declined in manufacturing, indicating deindustrialisation of the economy. Though employment in services has grown, this was not in productive services but instead
