Backward capitalism in rural South Africa
Sub Title : prospects for accelerating accumulation in the Eastern Cape
Category : ECSECC Working Papers
Publish Date : 11 Mar 2014
This working paper begins with a brief historical discussion of recent international and national macroeconomic trends, before focussing on its manin theme by providing a more disaggregated discussion of forces of production in rural South Africa and of the performance of the agricultural sector at the national and sub-sectoral levels. It will be argued that the long-term lack of dynamism of capitalist development in South Africa as a whole is reflected in and helps to explain failures of rural development; these failures have resulted in acute suffering in, for example, the Eastern Cape, where the barriers to dynamic capitalist growth remain particularly high, (although not insurmountable). The most disaggregated examples of crop and farm-specific failure are taken from the Eastern Cape, but the ambitious aim is to provide arguments that are relevant to most rural areas in South Africa, as well as a few arguments that may be relevant to macroeconomic policy making.