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

Ben Fine
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A01=Ben Fine
apartheid
Author_Ben Fine
capitalism
Category=NHH
decolonization
economic development
eq_bestseller
eq_history
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
financialization
global political economy
globalization
imperialism
industrial policy
labor and exploitation
neocolonialism
neoliberalism
post-apartheid
race
racism
South Africa
state capture

Product details

  • ISBN 9798888907986
  • Dimensions: 152 x 228mm
  • Publication Date: 01 Jul 2026
  • Publisher: Haymarket Books
  • Publication City/Country: US
  • Product Form: Paperback
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Description

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.
About Ben Fine
Ben Fine is Emeritus Professor of Economics at SOAS University of and Visiting Professor at Wits School of Governance, University of Witwatersrand, South Africa. His most recent books include Material Cultures of Financialisation, co-edited with Kate Bayliss and Mary Robertson (Routledge, 2018); Race, Class and the Post-Apartheid Democratic State, co-edited with John Reynolds and Robert van Niekerk (University of KwaZulu-Natal Press, 2019); and A Guide to the Systems of Provision Approach: Who Gets What, How and Why, with Kate Bayliss (Palgrave, 2021). His Marx’s ‘Capital’ (Pluto, 2016) is now in its sixth edition (with co-author Alfredo Saad-Filho). He was founding Chair of the International Initiative for Promoting Political Economy (iippe.org) until June 2023.

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