Who's in control? The realities of economic power

By investing in education and skill development, we can cultivate a generation that is not only aware of its history but also equipped to create a more equitable future, says the writer. Picture: Henk Kruger/Independent Newspapers

By investing in education and skill development, we can cultivate a generation that is not only aware of its history but also equipped to create a more equitable future, says the writer. Picture: Henk Kruger/Independent Newspapers

Published Oct 15, 2024

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By Michael Andisile Mayalo

In the ongoing discourse surrounding the socio-economic challenges facing South Africa, two dominant narratives often emerge: the historical injustices of monopoly capital and apartheid and the accountability of contemporary leaders.

While the legacy of apartheid undoubtedly left deep scars and systemic imbalances, we must also examine the actions and decisions of our current leaders.

As we reflect on the past, it becomes increasingly clear that the true measure of responsibility extends beyond external factors to encompass the choices made by those in power today.

Historically, apartheid created a rigid social structure that privileged a minority while marginalising the majority. Monopoly capital flourished during this time, with wealth and resources concentrated in the hands of a few.

However, the transition to democracy in 1994 opened the door for transformative change. Billions of rands have been allocated towards redress, empowerment, and transformation initiatives aimed at uplifting previously disadvantaged communities.

Yet, many South Africans remain in poverty, and inequality persists. The question that looms large is: Where has this money gone?

A significant portion of the blame for the slow pace of transformation must be directed at our leaders. Many within the African National Congress (ANC) and other governing bodies have misappropriated funds meant for upliftment.

Reports of corruption, mismanagement, and internal power struggles have marred the integrity of those entrusted with advancing the nation.

It is shocking to realise that while millions of ordinary South Africans struggle to make ends meet, leaders indulge in lavish lifestyles, often funded by the very resources intended for the nation’s progress.

Moreover, it is essential to recognise that many ANC leaders benefitted from the very systems they now criticise. The educational opportunities afforded to them by white institutions and benefactors speak to a complicated legacy.

These leaders’ children have had access to quality education, scholarships, and international opportunities that remain out of reach for many South Africans.

The irony is not lost on those who fought for freedom only to see their offspring enjoy privileges that are inaccessible to the majority. This paradox raises fundamental questions about commitment to equality and transformation.

As we analyse the motivations behind these dynamics, it becomes evident that our struggle has often shifted from collective liberation to individualistic gain. The fervor for tenders and government contracts has replaced the once-shared vision of an equitable society. What should have been a focus on building a unified nation grounded in justice and equality has, in many cases, devolved into fierce competition for positions of power and access to resources.

It is crucial to acknowledge that capitalism, despite its flaws, has provided opportunities for many. The argument that "capitalism empowered their people" holds merit; it allowed for the establishment of businesses, job creation, and economic growth in many communities.

In contrast, the post-apartheid narrative often feels like a scramble for survival, where securing a tender or government position is perceived as the only pathway to economic stability. This focus has limited our potential for genuine economic empowerment.

In assessing the current state of our society, we must ask ourselves: What does true transformation look like? Is it merely the redistribution of resources, or does it require a fundamental shift in mindset?

The answer lies in redefining our priorities as a nation. Leadership should be measured not just by financial gain but by the ability to uplift communities, foster inclusivity, and instill a sense of collective responsibility.

South Africa stands at a crossroads, where the potential for greatness exists alongside the very real dangers of corruption and disunity.

As citizens, we must demand accountability from our leaders and challenge the systems that perpetuate inequality.

This means advocating for transparency, supporting ethical leadership, and fostering a culture of service over self-interest.

We must emphasise education and empowerment for all. Our focus should shift from mere access to positions of power to building a knowledgeable, skilled populace that can innovate and drive change.

By investing in education and skill development, we can cultivate a generation that is not only aware of its history but also equipped to create a more equitable future.

Furthermore, while the remnants of monopoly capital and apartheid undeniably shape our current realities, it is essential to hold our leaders accountable for their actions and decisions.

The transformation of our society requires a commitment to collective upliftment and ethical governance. As we look towards the future, let us remember that true freedom lies not only in the absence of oppression but in the presence of opportunity for all.

The responsibility rests with us-to demand better, to engage in dialogue, and to work towards a society where every individual can thrive, irrespective of their background. The time for change is now, and it starts with us.

* Michael Mayalo is an independent writer,analyst, and commentator

The Star