Are The Economic Freedom Fighters Communists?

By Christiaan van Huyssteen (@cvh23)

Julius-Malema11

 

Let’s find out by comparing official EFF policies with section 2 of the communist manifesto:

 

  1. Abolition of property in land and application of all rents of land to public purposes.

Official EFF policy: “EFF’s approach to land expropriation without occupation[sic] is that all land should be transferred to the ownership and custodianship of the state”

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The Less Americans Know About Ukraine’s Location, The More They Want U.S. To Intervene

 By Christiaan van Huyssteen (@cvh23)

ukraineintervention

Where’s Ukraine? Each dot depicts the location where a U.S. survey respondent situated Ukraine; the dots are colored based on how far removed they are from the actual country, with the most accurate responses in red and the least accurate ones in blue. (Data: Survey Sampling International; Figure: Thomas Zeitzoff/The Monkey Cage)

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Who Stands To Lose From Marijuana Legalisation? The Drug Dealers And Gangs

By Christiaan van Huyssteen (@cvh23)

From: DiagonalViews

There is a common misperception that people who are in favour of drug legalisation are ‘pro-drugs’. This is not true in most cases. Most drugs are harmful, and people who use them are perhaps unwise. But there are at least 3 major arguments that can be made to justify legalisation, starting with marijuana.

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African Bank: A Disgraceful Failure Of The Regulatory System

By Christiaan van Huyssteen (@cvh23)

Everyone is quick to blame the management of African Bank for their failures, and rightly so. I have already pointed out some of their failures here.

But much of the blame should be put on the regulators.

We supposedly have one of the best regulated financial systems in the world, yet African Bank’s troubles of the past 3 years were not picked up by anyone in government, by anyone at the reserve bank, or even by their own auditors. The ‘system’ has failed the shareholders, management, employees, and clients who are dependent on the company.

Has the reserve bank been asleep for the past 3 or 4 years? What is the point of having a registrar of banks if they can’t regulate? We have seen dozens of articles and comments over the past week stating that this crisis was entirely foreseeable. Yet no one in government, and no one at the privately owned reserve bank saw this coming and sounded the alarm bells.

In our opinion, the financial statements present fairly, in all material respects, the financial position of African Bank Limited as
at 30 September 2013, and its financial performance and its cash flows for the year then ended in accordance with International
Financial Reporting Standards and the requirements of the Companies Act of South Africa. ~ Deloitte Audit Team

 

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