All the classes that pay taxes are to a large extent dependent on the resources under the control of white monopoly capital. Even the ability of workers to pay taxes depends on the employment they get largely from white monopoly capital.
Employees of the state derive their salaries from state taxes and state borrowing, which ultimately spring from the resources under white monopoly.
Therefore, not only is the state objectively owned and controlled by white monopoly capital, but largely the whole of society is under white monopoly capitalist control. Ideologically, white monopoly capitalists have even started a campaign in which their very existence and relevance is denied.
Defenders of white monopoly capital claim that because many of the companies that dominate the economy are partly owned by pension funds of black workers, white monopoly and control is a fiction.
What these apologists of white domination conveniently forget is that even under apartheid, the pension funds of black workers were used to finance white monopoly capital. Yet it could not be said that black workers owned and controlled the apartheid economy. Indeed, on paper, pension funds are owned largely by workers.
In fact, the control of these funds is monopolised by white-owned asset managers, who have positioned themselves, on the basis of these funds, as “investors”. The wealth of black workers is in the hands of white monopoly capital.
A Mexican mother of four who moved into a Denver church three months ago to dodge deportation left her sanctuary on Friday to chants of “If we fight, we win” after immigration authorities promised she could remain in the United States for two years.
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“Our approach to North Korea is to have them change their posture towards any future talks,” Tillerson said in an interview with NPR aired Friday. “We do not seek a collapse of the regime. We do not seek an accelerated reunification of the peninsula. We seek a denuclearized Korean peninsula.”
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Thousands of elderly Greeks protested peacefully on Tuesday against more pension cuts, as cash-strapped Greece remained locked in talks with lenders on further austerity and contested labor reforms.