In the wake of Nelson Mandela’s death, hosannas continue to be sung to the former ANC leader and South African president from both the left, for his role in ending the institutional racism of apartheid, and from the right, for ostensibly the same reason. But the right’s embrace of Mandela as an anti-racist hero doesn’t ring true. Is there another reason establishment media and mainstream politicians are as Mandela-crazy as the left?
According to Doug Saunders, reporter for the unabashedly big business-promoting Canadian daily, The Globe and Mail, there is.
In a December 6 article, “From revolutionary to economic manager: Mandela’s lesson in change,” Saunders writes that Mandela’s “great accomplishment” was to protect the South African economy as a sphere for exploitation by the white property-owning minority and Western corporate and financial elite from the rank-and-file demands for economic justice of the movement he led.
Saunders doesn’t put it in quite these terms, hiding the sectional interests of bond holders, land owners, and foreign investors behind Mandela’s embrace of “sound” principles of economic management, but the meaning is the same.
Saunders quotes Alec Russell, a Financial Times writer who explains that under Mandela, the ANC “proved a reliable steward of sub-Sahara Africa’s largest economy, embracing orthodox fiscal and monetary policies…” That is, Mandela made sure that the flow of profits from South African mines and agriculture into the coffers of foreign investors and the white business elite wasn’t interrupted by the implementation of the ANC’s economic justice program, with its calls for nationalizing the mines and redistributing land.
Instead, Mandela dismissed calls for economic justice as a “culture of entitlement” of which South Africans needed to rid themselves. That he managed to persuade them to do so meant that the peaceful digestion of profits by those at the top could continue uninterrupted.
But it was not Mandela’s betrayal of the ANC’s economic program that...CONTINUES...