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The ‘White Working class’ in South Africa
Authors:Harold Wolpe
Institution:University of Amsterdam
Abstract:In general, the analysis of classes in the literature on South Africa beginsfrom the political and ideological levels and not from the concept of the mode of production. The effect of this is to obscure the nature of the class structure and changes in it and leads to a neglect of shifts in class alliances in the class struggle. In this paper, concepts of the ‘white working class’ commonly found in the literature are critically analysed and an alternative conceptualization which begins from the mode of production is outlined. The paper ends with a brief analysis of changes in the relationship between the white working class and the state.
Keywords:financial risk  financial discourse  gambling  speculation  Basle Capital Accord  value-at-risk
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