Alliance summit convened at the request of President Jacob Zuma declared corporate capture a real problem, called on alliance formations to close rank and address the problem
26 May 2016
The phrase “state capture” has been used frequently in recent times with senior members of the ANC apparently taking up very different positions. President Zuma, for instance, told the ANC Gauteng provincial general council: “If you talk about state capture, you’re misleading people. You’re taking a small issue and making it a big issue. Is the judiciary captured? Is the legislature captured?”
There are some problems with the way this debate is being shaped. In the first place, “state capture” is often invoked as if it only referred to the Gupta family’s dealings. This risks factionalising the debate. More importantly, it underestimates the wide variety of ways in which corporate capitalist power subverts democracy.
Consider Greece, where the electorate recently voted overwhelmingly against austerity in both a general election and a referendum. That expression of the popular will was simply brushed aside and subverted by the corporate will of unelected French and German banks, with austerity enforced upon the Greek people through an equally unelected troika, the European Commission, European Central Bank, and IMF. Democracy and profit-seeking monopoly capital are not natural bedfellows.
In South Africa corporate capture strategies are a constant reality. They range from the daily ideological battering that tells us “there are no alternatives”, through dire threats from ratings agencies, all the way down to the most venal behaviour epitomised by the likes of Glen Agliotti, the late Brett Kebble, or the Guptas.