Some notes on white monopoly capital: Definition, use and denial 40

by Christopher Malikane

Pambazuka News | June 29, 2017

Fred Chartrand

Dismantling white monopoly capital in South Africa has always been central to the national liberation struggle. White monopoly capital simultaneously implies colonialism of a special type. The two concepts are inter-twined. To fail to mention the racial character of monopoly capital is to fail to acknowledge the colonial character of South Africa and the special nature of that colonialism.

 

“The theoretical conclusions of the Communists are in no way based on ideas or principles that have been invented, or discovered, by this or that would-be universal reformer. They merely express, in general terms, actual relations springing from an existing class struggle, from a historical movement going on under our very eyes” – Manifesto of the Communist Party, 1848.

“Today, the main task of the working class is to abolish the white monopoly of power, to carry out the national democratic revolution for the liberation of African and other oppressed people”- Augmented Meeting of the Central Committee of the South African Communist Party, 1970.

SOURCE: https://www.pambazuka.org/democracy-governance/some-notes-white-monopoly-capital-definition-use-and-denial

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