OpinionPREMIUM

LETTER: Gangster ratings agencies

Rating agencies, which are nothing but organised economic gangs, must be seen in the context of fear-mongering colonialism

Picture: SUPPLIED
Picture: SUPPLIED

One of the tried and tested tools of colonialism is instilling fear. Rating agencies, which are nothing but organised economic gangs, must be seen and understood in this context. Our former oppressors, whose oppression has taken on a subtle and systematic manner, are now using these "gangs" to whip us into line.

Just like during colonial and apartheid times, the "gang" uses the whip to impose on developing countries their preferred economic and social system, which ultimately dictates how a supposedly free SA must behave, robbing us of the critical right to define our own destiny, a right that was central to our liberation struggle.

The governing ANC, which has been voted into power by the citizenry of SA, the majority of whom are black Africans, has been tamed and managed by the rating agencies. While the same ANC voters are suffering from high levels of unemployment, poverty, inequality, landlessness, homelessness and other serious social ills, the government is threatened with economic violence every time it tries to bring in projects and programmes to relieve the poor from their daily agony.

The ANC is more worried about what the rating agencies will think than about what the poor African majority thinks, hence its gradual loss of electoral power. The ANC must defeat the terror of fear from these CIA-organised gangs and start fearing the voters.

The Brics bank and its intended rating agency must be prioritised so that we can move towards total freedom from our Western masters. Our government must swiftly shed colonial-apartheid scarecrows.

Luther Lebelo

Head of communication and media, Progressive Professionals Forum

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