ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by Neera ChandhokeSubscribe to Neera Chandhoke

Contradictions of Peripheral Capitalism

Contradictions of Peripheral Capitalism Neera Chandhoke Entrepreneurs and Parasites: The Struggle for Indigenous Capitalism in Zaire by Janet MacGaffey; Cambridge University Press, 1987; pp 235, price not stated.

Cities and the Restructuring of Capitalism

Neera Chandhoke This paper attempts to provide an insight into how cities in the developed capitalist countries and the third world are continuously transformed in response to the logic of accumulation and social struggles.

Crisis of Settler Hegemony in South Africa

Crisis of Settler Hegemony in South Africa Neera Chandhoke THE central theoretical concern of this paper is the nature of the relationship between the political, cultural and ideological superstructures of the South African state and the imperatives of capitalist accumulation. As such, it is argued that the contemporary crisis in South Africa is primarily political, i e, a crisis of legitimacy involving the breakdown of the ideological superstructures. This crisis threatens to paralyse the indefinite perpetuation of conditions under which capital and labour can be mobilised into profitable commodity exchange. The state with its ideological baggage train of nineteenth century racism is acting as a brake upon the interests of capital. On the other hand, the state by failing to respond to the trajectory of demands thrown up by an increasingly radicalised population is becoming irrelevant, A two-fold dichotomy has emerged (a) between the economy and polity and (b) between the state and civil society. The settler state is incapable of resolving the contradictions inherent in the society, since it is at the root of these contradictions. Recent events have proved that statist strategies of societal transformation are unrealistic. It is the arena of 'polities' where the struggles of the various contending groups are taking place, which is emerging as the final arbiter of the situation. The crisis of the settler state is thus three-fold:

SOUTH AFRICA-Role of Foreign Banks

 SOUTH AFRICA Role of Foreign Banks Neera Chandhoke A CRUCIAL feature in the development of apartheid in South Africa 'has been jhc availability of overseas investment and foreign loans. The White regime itself acknowledges the fact that the support of the imajor nations or the West in the form of investments, loans and transfer of technology and expertise is crucial to the continuing existence of the state. Between 1972 and 1980, the value of" loans to South African government which have been publicly identified totalled more than $ 7 billion and involved the participation of more than 400 banks from 22 different countries. Thirty loans totalling $ 1.2 billion were made in 1979 and 1980 alone.

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