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The Political Economy of South Africa's Post-Apartheid Transition: The Rejection of Alternatives to Neoliberalism

The Political Economy of South Africa's Post-Apartheid Transition: The Rejection of Alternatives to Neoliberalism

Paperback

Series: Studies in Critical Social Sciences

Business GeneralAfrican HistoryPoverty & Social Work

ISBN13: 9798888907986
Publisher: Haymarket Books
Published: Jul 1 2026
Pages: 344
Weight: 1.04
Height: 0.74 Width: 6.00 Depth: 9.00
Language: English

South Africa's post-apartheid transition has proven disastrous. But what caused this unfortunate trajectory?


Today, the country is marked by the emergence of a black elite of enriched capitalists who have benefitted from the globalization, neoliberalization and financialization of the economy in general, and from its Minerals-Energy and Financial Complex in particular. By contrast, inequalities, poverty and failing social provision have persisted. Recent attention has shifted to how this trajectory was initiated, with some suggesting a lack of available alternative policy options at the time of transition. The Political Economy of South Africa's Post-apartheid Transition shows this to be false. In fact, a full range of progressive alternatives were rejected, leading to corresponding consequences from state capture to electoral defeat.

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African History