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Patrick Bond

Africa: New evidence of ongoing corporate looting

By Patrick Bond - Climate and Capitalism, February 5, 2018

A brand new World Bank report, The Changing Wealth of Nations 2018offers evidence of how much poorer Africa is becoming thanks to rampant minerals, oil and gas extraction. Yet Bank policies and practices remain oriented to enforcing foreign loan repayments and transnational corporate (TNC) profit repatriation, thus maintaining the looting.

Central to its “natural capital accounting,” the Bank uses an “Adjusted Net Savings” (ANS) measure for changes in economic, ecological and educational wealth. This is surely preferable to “Gross National Income” (GNI, a minor variant of Gross Domestic Product), which fails to consider depletion of non-renewable natural resources and pollution (not to mention unpaid women’s and community work).

In its latest world survey (with 1990-2015 data), the Bank concludes that Sub-Saharan Africa loses roughly $100 billion of ANS annually because it is “the only region with periods of negative levels – averaging negative 3 percent of GNI over the past decade – suggesting that its development policies are not yet sufficiently promoting sustainable economic growth… Clearly, natural resource depletion is one of the key drivers of negative ANS in the region.”

The Bank asks, “How does Sub-Saharan Africa compare to other regions? Not favorably.” Contrary to pernicious “Africa Rising” mythology, the ANS decline for Sub-Saharan Africa was worst from 2001-09 and 2013-15.

Other regions of the world scored strongly positive ANS increases, in the 5-25 percent range. Richer, resource-intensive countries such as Australia, Canada and Norway have positive ANS resource outcomes partly because their TNCs return profits to home-based shareholders.

Africa’s smash-and-grab ‘development policies’ aiming to attract Foreign Direct Investment have, even the Bank suggests, now become counter-productive: “Especially for resource-rich countries, the depletion of natural resources is often not compensated for by other investments. The warnings provided by negative ANS in many countries and in the region as a whole should not be ignored.”

Such warnings – including the 2012 Gaborone Declaration by ten African governments – are indeed being mainly ignored, and for a simple reason, the Bank hints: “The [ANS] measure remains very important, especially in resource-rich countries. It helps in advocating for investments toward diversification to promote exports and sectoral growth outside the resource sector.”

Africa desperately needs diversification, but governments of resource-cursed countries are instead excessively influenced by TNCs intent on extraction. Even within the Bank such bias is evident, as the case of Zambia shows.

Patrick Bond: Climate justice movements need to hit Trump where it hurts most

By Ethemcan Turhan and Cem İskender Aydın - Entitle Blog, July 7, 2017

ecology.iww.org web editor's disclaimer: The IWW does not pursue the strategy of capturing state power, through elections, or other means, but instead advocates rendering state power irrelevant through the organizing by workers, by industry, at the point of production. Nevertheless, the following proposal does include other goals upon which many IWW members would agree and advocate:

Political economist and climate justice expert Patrick Bond comments on the prospects for a progressive anti-capitalist agenda in the face of increasing alt-right populism, xenophobia, climate denialism and economic-political exceptionalism. 

So we are back to square one: Trump’s withdrawal from Paris Agreement in early June 2017 has raised – quite understandably – many eyebrows around the world. This anticipated, but not entirely expected, move by the Trump administration calls us to question not only the viability of the Paris Agreement in the medium/long-term or the feasibility of commitments from non-state actors bridging the ambition gap, but also the tactics and strategies of global climate justice movements in the face of increasing alt-right populism, xenophobia, climate denialism and economic-political exceptionalism.

So where do we go next? Or better said, what are the prospects for a progressive anti-capitalist political agenda in a world where even the lowest common denominator like the Paris Agreement can’t hold? Can techno-fixes and allegedly apolitical sustainability governance approaches save capitalism from itself in its new authoritarian, post-truth disguise?

We caught up with Patrick Bond, who is in the advisory board of the ISSC-funded Acknowl-EJ project (Academic-activist co-produced knowledge for environmental justice) during a project meeting in Beirut, Lebanon.

Patrick Bond is professor of political economy at the Wits School of Governance, University of the Witwatersrand. He was formerly associated with the University of KwaZulu-Natal, where he directed the Centre for Civil Society from 2004 to 2016. He held visiting positions in various institutions including Johns Hopkins University and the University of California, Berkeley.

As a leading activist-academic figure, Bond is a familiar face in global climate justice circles. Some of his recent works include BRICS: An Anticapitalist Critique (edited with Ana Garcia, 2015, Haymarket Books), Elite Transition: From Apartheid to Neoliberalism in South Africa (Revised and Expanded Edition, 2014, Pluto Press), South Africa – The Present as History (with John Saul, 2014, Boydell & Brewer) and Politics of Climate Justice: Paralysis above, Movement below (2012, University of KwaZulu-Natal Press).

Tripping Up Trumpism Through Global Boycott Divestment Sanctions

By Patrick Bond - CounterPunch, January 19, 2017

The forces arrayed against Donald Trump’s presidency and neo-fascist movement range from the Central Intelligence Agency to oppressed minorities, and will soon encompass the whole world once his climate change threats are carried out. From above, conflicts will continue with moderate Republicans, Democratic Party elites, so-called Deep State opponents including neoconservative factions of the military, exporting companies concerned about protectionism, and deficit hawks worried about excess spending on filthy-Keynesian infrastructure.

But it’s likely that elite opposition will fade within weeks. Then what about resistance from below? Learning explicitly from apartheid’s defeat, it makes sense to prepare a global Boycott Divestment Sanctions (BDS) strategy against Trump, his leading cronies and United States corporations more generally.

For human rights victims in the US, mutual aid commitments like the new United Resistance linking dozens of campaigning groups and a sanctuary movement (hated by the far right) offer close-to-home “social self-defence,” as activist Jeremy Brecher remarks in his survey of myriad anti-Trump struggles.

When it comes to raising the costs of Trump’s noxious politics internationally and preventing corporations from full cohesion to his program, the US oppressed still must take the lead. Evidence of this is already emerging, with Trump boycotts seeking to delegitimise his political agenda and companies that support it. Internationally, we can predict that when Rex Tillerson takes trips or Trump attends the Hamburg G20 in July, protesters will be out.