Labour supply part 1 reflection on South Africa History, a look at how economics benefitted from the abolishment of the slave trade.
Labour Supply part 1.
“Members of the Jury, ‘Economics 101’ teaches us that your employee is the asset to treasure. Hidden in that economic concept is the cost of your employee, how hard you can make them work, how productive they are, how much profit you can make per cost of labour.”
“Since early 1990, as the political changes came into our country, and we seem to discover that our labour is no longer ‘as productive’ as we would like. I have written pages attributing this to lack of Key Social Skills, including ‘entitlement attitude’, we hear that our labour laws are too lenient, so foreign nationals seem to find preference.”
“Sirs, the white capitalist economy is responsible, it did not integrate our local indigenous clans, a nation of entrepreneurs, a nation that was sustainable when we arrived.”
“From our earliest arrival, we introduced the concept that the Khoikhoi and San did not want to work for the light-skins; we ignore the fact that those locals that they came into contact with were already participating in the economy that they boats brought to our country.
“Slaves, as any asset, was easily saleable, but more importantly, controllable. Controllable through the punishment that could be meted out, from lashing to death, a norm accepted internationally.”
“During the 1830s slavery was abolished, abolished in the interests of profits, wealth. We discovered that it was more profitable to provide the slave with a fenced off area, and require them to provide for their own accommodation and food requirements.”
“We discovered that it was more profitable to contract ‘virtual slaves’ from other slave masters, like the Portuguese, or to bring indentured labour in from other poverty areas, like China and India, rather than use the labour resources, that were locally available.”
“The Portuguese control over their labour supply in South Africa stimulated the establishment of a local ‘controlled labour supply’ in the Eastern Frontier, first to build roads and Government buildings, but following the discovery of minerals, to generate profits for the mining investors.”