Austerity for the Masses, Profits for the Few: A Marxian Critique of Godongwana’s 2025 Budget by Staff Writer
On May 21, 2025, Finance Minister Enoch Godongwana presented his third attempt at the national budget, a document that, under the guise of fiscal responsibility, perpetuates the neoliberal agenda of austerity. This budget, far from addressing the systemic issues plaguing South Africa, reinforces the capitalist structures that prioritize capital accumulation over the welfare of the working class. The Illusion of Fiscal Responsibility Godongwana's budget is anchored in the ideology of fiscal consolidation, a term often used to justify spending cuts that disproportionately affect the working class. The proposed R28 billion in spending cuts are not mere numbers; they represent a direct assault on public services such as healthcare, education, and social welfare programs. These cuts are justified by the need to stabilize public debt, yet they fail to address the root causes of the fiscal deficit, such as tax evasion by the wealthy and corporations.( Reuters ) Taxation: A Tool for C...