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Saturday, March 27, 2010

World Cup Knock-Out South Africa to score big public debt in 2010 http://www.dominionpaper.ca/articles/3175

Former South African President Thabo Mbeki wrote in his country’s 2004 bid to host the 2010 World Cup: “We want to ensure that one day, historians will reflect upon the 2010 World Cup as a moment when Africa stood tall and resolutely turned the tide on poverty and conflict.”

Contrary to Mbeki’s professed aim of unity and economic development, it seems the legacy of the 2010 World Cup in South Africa will be limited to a handful of multinational and national corporations making massive profits on the backs of a reserve army of labour and through the generation of massive public debt.

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