Who must fall?
The sudden sacking of Finance Minister Nhlanhla Nene on 9 December 2015, the chaos which followed it, and the rapid replacement of his successor, David van Rooyen, by Pravin Gordhan,has raised some fundamental class questions.
Some of the reactions to the dismissal display a misunderstanding of the economic and political issues which lie behind these events. That’s why we are putting forward a preliminary Marxist analysis, central to which is to place the blame for South Africa’s economic crisis, the outrageous levels of unemployment, poverty and unemployment not on individuals but where it truly belongs - on the capitalist system and those in government and the ruling party who have colluded to impose free-market neoliberal capitalism, as enshrined in the National Development Plan.
The Treasury and successive Finance Ministers, including the latest incumbent, have played acentral role in enforcing neo-liberal, macro, fiscal and monetary policies. They have used their control of government purse strings to strangle reformssuch as a National Health Insurance and Comprehensive Social Security, even though these are supposed to be ANC Conference policies.
The most passionate opposition to Nene’s dismissal came from big business and pro-capitalist commentators. They are the main drivers of the #ZumaMustFall campaign, because they fear that the Treasury’s role as their agents within government will be threatened and that the President will weaken the Treasury’s stranglehold on economic policy.
That does not mean that the President, or any of the rest of the Cabinet, have fundamentally different views from those of successive Finance Ministers, whose policies and actions they have all consistently backed. In trying to explain his funny reshuffling logic, Jacob Zuma went on say categorically that the Treasury shall not depart from the path of prudence (must read as neo-liberalism and austerity)