The Ministry of Housing is squaring up against banks and financial institutions to force them to provide loans to lower-income people and those living in redlined areas such as townships and informal settlements. Parliament may soon table the Community Reinvestment Bill.
Enron, Worldcom, Xerox, Merck: capitalism is finally catching up with itself. Whether this is true is probably part of a larger ideological question. What is certain is that standards of corporate governance are on the decline throughout the world, not only in the United States.
Perhaps a moral regeneration summit is appropriate in a country where prison warders allegedly sanction the abuse of young children for a pittance and prisons become places where drug and alcohol peddling are the order of the day.
According to the United Nations, most perpetrators of war crimes and crimes against humanity throughout history have gone unpunished. In spite of the World War II tribunals and the recent ad hoc international criminal tribunals not much has changed.