Snake-Oil Economist, 007, Peddles City of London Wares
by PD Lawton, 9 March 2018
Whose economic ideas are obsolete and whose corruption are we talking about?
Patrick Bond is a British national, brainwashed in pseudo economics at the University of Pennsylvania`s Wharton School of Business , an affiliate of the Harvard Business School. He is based in South Africa where he peddles his Trotskyite philosophy from Wits University , having had earlier a teaching post at the University of KwaZulu- Natal. While heading the Center for Civil Society at the Durban university, one of his tasks was to undermine the efforts of Abahlali baseMjondolo, the grass-roots social movement that was founded by S`bu Zikode to protect the rights of destitute shack dwellers.
Bond`s attack on Abahlali baseMjondolo validates his credentials as a synthetic revolutionary and a member of the fake left.
Bond is currently professor of Political Economy at the University of Witwatersrand, Johannesburg.
Bond`s narrative is a strange combination of anti-imperialist fact and fiction; something he shares with the `British Sausage` Julius Malema and his alleged Economic Freedom Fighters (EFF).
In a recent interview Bond identifies the “3 areas of extreme danger” that the world is facing; geopolitics, economics and environment. He suggests that the G20 leadership lacks the necessary tools to resolve these extreme dangers.He goes on to suggest that areas of conflict around the world are related to low levels of human happiness, a statistic measured by the Global Happiness Index from the 2016 World Happiness Report.
Along with failing to grasp the essential link between the G20 NATO members and their geopolitical adherance to Mackinder`s heartland theory , Bond peddles more myths and propaganda about Russian involvement in Trump`s election which is utter garbage and anti-Trump, anti- Russia war-mongering hysteria.Bond never misses a chance to score against China and belittle China`s global development projects and fails to mention the 700 million Chinese who have been lifted out of poverty. For Bond, like his City of London masters, poverty in human-beings is an endearing factor.
Bond` assessment of Chinese development in Africa is contradictory to the facts as reported by McKinsey & Company in the 2017 report “Dance of the Lions and Dragons.”.
Bond acts as the City of London`s economic hit man in South Africa and deserves to be given the title ” 007″, City of London special agent.
He defends a policy of non-industrialization that has been perpetuated in South Africa since the days of Oom Jannie, Jan Smuts. Smuts was a traitor to the Afrikaner people and traitor to the South African nation. Smuts was the overt arse-licker of Winston Churchill, a genocidal, philandering psychopath.
Bond is a devotee of Global Warming (now re-named as Climate Change because temperatures and sea levels are not rising in accordance with Al Gore`s convenient lies and despite his level of education, Bond is happy to call CO2 a pollutant!
Bond likes slogans such as this: Leave the oil in the soil, leave the coal in the hole, leave the tar in the sand. He thinks statements like that “epitomize a clear, well thought out political strategy.”
If what he is promoting wasn`t a genocidal scheme , then it could be quite amusing that a professor of Wits University was talking such drivel. Such drivel fits well with his discovery that people in war zones are not scoring well on the Happiness Index.
The South African media have given Bond ample opportunity to be the City of London`s economic hitman. His views on economics have been widely aired as part of the destabilization process underway in South Africa to derail its membership of the BRICS and its drive initiated by the Zuma administration, to put industrialization first along with mega infrastructure development projects.
Bond pushes the criminal hedge-fund/ speculative/gambling financial policies of Wall Street and the City of London. He demonstrated this in his recent article on an online journal in which he said :”You need to grow the economy, that means making things easier for businesses to grow and to create jobs and for investment.”
Bond loves liberal economics .
“So start reducing stock market and investment taxes and business taxes and taxes on savings accounts and partially-privatise those loss-making state-owned enterprises.”
Bond is a globalist at heart, a bankster-buddy and despite his self-expressed socialist views he hates state owned enterprise.He hates the notion of radical economic transformation because Bond is protecting his bankster-buddies in London.
“The new Finance Minister Malusi Gigaba promised to pursue at least one of these at his first press conference after being sworn in. He said that one of his key focus areas would be to accelerate “radical economic transformation”. Cynics might point out that he made his comments on April Fool’s Day.”
Bond hates mega infrastructure.
“Similar false promises of transformative infrastructure left the country disappointed during Gigaba’s role as Minister of State Enterprises between 2010 and 2014. Instead, he bought into the mania for mega-projects which either didn’t work or rewarded carbon-intensive multinational corporations.”
Bond only wants industry that is powered by donkey driven grindstones.
He refers to “Eskom’s corrupt and unnecessary Medupi and Kusile coal-fired power plants.”
He speaks of”Transnet’s climate-frying facilitation of an R800bn plan to export 18 billion tonnes of coal from Limpopo, Mpumalanga and KwaZulu-Natal and a R250bn Durban port-petrochemical expansion.”
“If instead of mega-projects, Eskom and Transnet built renewable energy and cheap commuter rail transport, for example, radical economic transformation would make South Africa much more sustainable. But that would require a 180-degree turnaround.”
Bond faints at the mention of nuclear energy , he wants candle technology.
Bond wants to prevent “200 million early deaths”by implementing green energy solutions. He doesn`t seem capable of understanding that his green energy solutions and the implementation of COP21 will lead to 100 times that amount in what is termed “population reduction” and which is, in accordance with his masters at the City of London, the main goal. Or maybe he doesn`t understand that.
Bond worships the arch-imperialist, economist of the imperial overlords, John Maynard Keynes.Bond loves Keynes but hates the IMF and the Bretton Woods System. But Keynes was the founding father of the IMF as we know it!
President Franklin D. Roosevelt`s original plan for what we call the ” Bretton Woods system” set up under Roosevelt was subverted by the likes of Churchill and the economic theory of Keynes.
Bond`s mission is to undermine public confidence in the kind of mega infrastructure initiatives supported by the South African National Development Bank that promotes economic strategy in accordance with the New Development Bank of the BRICS.In an interview on SABC he displayed his role as an economic hitman:
Bond on BRICS.
“The emergence of Brazil, Russia, India, China, and South Africa on a global stage has upset the dominance of the United States as the world’s only superpower. But can they chart a path toward a more just global economy? This collection [of essays], which brings together leading political economists from around the world, argues that the BRICS are actually amplifying some of the worst features of international capitalism.
This book aims to fill a gap in studies of the BRICS grouping of countries (Brazil, Russia, India, China and South Africa). It provides a critical analysis of their economies, societies and geopolitical strategies within the framework of a global capitalism that is increasingly predatory, unequal and ecologically self-destructive — no more so than in the BRICS countries themselves.”
Bond sees our current problems as a “capitalist crisis of over-accumulation and unequal development”. According to him the BRICS are “sub-imperialism” and “exacerbating this capitalist crisis”
According to Bond “the BRICS are not against imperialism but a part of it” for refusing to conform to COP21 and not signing up for capping CO2 /greenhouse gas emissions.
Bond is rightly against privatization and rightly calls the IMF imperialist and yet he refuses to acknowledge the fundamental importance of the BRICS New Development Banks and other development banks associated with the Belt and Road Initiative begun by China that exist to issue credit for national development, usually at lower interest rates and for longer repayment terms than commercial banks will allow.
He appears to talk the talk and walk the walk of a social justice warrior but his job as a synthetic revolutionary is to kill off the African dream of industrialization by swaying public opinion against China`s new economic model and the BRICS, and campaigning against Africa`s right to develop economically based on manufacturing and infrastructure which cannot be done without fossil fuels.
Bond is defending the very economic system that is based on corruption, an economic system that is being made obsolete by China`s committment to the New Silk Road, the Belt and Road Initiative and the very beautiful New Paradigm which will finally make imperialism itself, a thing of the past.