A storm erupted in policy circles in South Africa after Julius
Malema the leader of the African National Congress Youth League (ANCYL)
boldly proclaimed the need for the mining industry in South Africa to
be nationalized. The demand was predicated on fulfilling the vision of
the Freedom Charter, which was adopted at Kliptown in 1955 as the
‘manifesto’ of the liberation struggle.

The
crisis of Greek capitalism is clear for all to see. The bosses want
draconian economic policies to be implemented, but the workers have
already given more than they can afford to give. Bosses and workers are
on a collision course as the call for a 24-hour general strike on
February 24 clearly demonstrates.

Greece, like all the other capitalist
countries afflicted by the recession, is running a big deficit on its
government  budget. Tax revenues have
collapsed and more benefits are having to be paid out to the unemployed.
Deficits for the European Union countries as a whole tripled from 2.3% to 6.9%
from 2008 to 2009 because of the slump.