chapter  13
14 Pages

Globalisation, neoliberalism, labour, with reference to South Africa

BySouth Africa HENRY BERNSTEIN

In this chapter I use ‘globalisation’ as convenient shorthand for the current phase of the restructuring of capital and its conditions of accumulation, manifested in new forms of the international centralisation and concentration, as well as mobility (and ‘financialisation’), of capital. I distinguish globalisation from neoliberalism as a political and ideological project to support and promote the restructuring of capital and its modalities of accumulation. And I use the term ‘classes of labour’ to refer to ‘the growing numbers . . . who now depend – directly and indirectly – on the sale of their labour power for their own daily reproduction’ (Panitch and Leys 2001: ix; my emphasis).