Growing Black poverty, homelessness, crime and so many other social ills are systemically derived from the unemployment crisis.
THOSE who write about our raging unemployment crisis very seldom draw attention to the systemic and structural factors it is rooted in. This is the biggest problem, which, if not addressed, will repeatedly fail to deal with and resolve what is arguably our biggest societal crisis.
In 2021 the prominent journalist and author Malcolm Ray wrote a book titled The Tyranny of Growth: Why Capitalism has Triumphed in the West and Failed in Africa. While he failed miserably to realise that global capitalism has been experiencing arguably its worst-ever crisis in the West, signs of which are more glaring today than probably ever before, he sharply and correctly drew attention to the mythical illusion of economic “growth” as the panacea for its systemic ills.
But if he did excavate, deal with and explode that enduring myth, he would have realised that global capitalism has palpably failed all over the world and not only in Africa. In fact, beginning with the ravaging effects of the Covid-19 pandemic in the global capitalist world, the middle classes, the historical mainstay of the system, have been decimated.
