There is this famous adage that most of you are probably familiar with that says ‘when America sneezes the world catches a cold’. This is largely because America plays a huge role on global financial markets, which is why the rest of the world pays such close attention to developments there. Which is also why this time around we are all concerned that should the U.S fail to fulfil its payment obligations, this would have profound effects around the globe and our country is definitely not immune from this pending catastrophe.
GUEST: Patrick Bond, Distinguished Professor from the University of Johannesburg – he has authored several books on international financial turmoil, including “Talk Left, Walk Right” and “Against Global Apartheid”
Guest: Dr Bonke Dumisa