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Piketty comes to South Africa

Díaz Pabón, Fabio Andrés, Leibbrandt, Murray, Ranchhod, Vimal and Savage, Michael ORCID: 0000-0003-4563-9564 (2021) Piketty comes to South Africa. British Journal of Sociology, 72 (1). 106 - 124. ISSN 0007-1315

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Identification Number: 10.1111/1468-4446.12808

Abstract

One of the most valuable features of Capital and Ideology is its concern to take history seriously and consider how the emergence of different political and economic regimes relate to discourses about fairness and justice across time. This paper pushes this agenda further by acknowledging that the experience of a few developed nations should not be taken as the template for the generalized study of inequality dynamics across time and space. In this paper, we interrogate Piketty's analysis and policy proposals against specificities that are central to understanding the production and reproduction of inequalities within South Africa. We reflect on the South African case, the structure of inequality and its changes since 1994. We review a battery of policy interventions that have been implemented to address inequality in the last 25 years. We emphasize that the long shadow cast by centuries of colonialism and various forms of apartheid strongly affirm Piketty's emphasis on understanding history. But this is both affirmation and critique given the foundational, imbedded impact that this specific legacy has had on post-apartheid society and its policies. Piketty is aware that the levels of inequality in South Africa are so high that this is “unknown territory.” We map out some of this territory to reveal how these extreme initial wealth and racial inequities inform the reproduction of inequalities in all dimensions and undermine well intentioned policies. We claim that understanding extractive histories, imbedded wealth inequalities, and complex social and political institutions allows us to understand and confront some of the reasons why even in light of progressive policies, many of which are in line with the proposals from Piketty, government interventions have thus far failed to reduce inequality.

Item Type: Article
Official URL: https://onlinelibrary.wiley.com/journal/14684446
Additional Information: © 2021 London School of Economics and Political Science
Divisions: Sociology
Subjects: J Political Science > JQ Political institutions Asia
H Social Sciences > HM Sociology
H Social Sciences > HN Social history and conditions. Social problems. Social reform
Date Deposited: 22 Apr 2022 12:27
Last Modified: 21 Jun 2022 10:30
URI: http://eprints.lse.ac.uk/id/eprint/114928

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