User:Super Warmonkey/sandbox

From Wikipedia, the free encyclopedia
Michael Conway O'Dowd
File:Michael Conway O'Dowd.jpg
Born27 February 1930
Johannesburg
Died15 March 2006
NationalitySouth African
Alma materUniversity of the Witwatersrand
Occupation(s)Businessman, philosopher
Known forO'Dowd Thesis
Board member ofAnglo American plc, De Beers, Free Market Foundation

Michael Conway O’Dowd (27 February 1930, Johannesburg – 15 March 2006) was a South African businessman and classical liberal intellectual known for his 1966 essay which became known as “the O’Dowd Thesis”. In the essay, O’Dowd argued that South Africa’s Apartheid system contradicted the tenets of capitalism, and that capitalism would inevitably lead to the demise of Apartheid.[1] In O'Dowd's own words, the thesis purported to assert "that South Africa would evolve into a democracy in the course of industrialisation".[2]

O’Dowd was the Executive Director of the Anglo American mining company and Chairman of the Anglo American and De Beers Group Chairman's Fund between 1974 and 1997.[3] He also served as Chairman of the Free Market Foundation between 1978 and 2005.[4] He was a member of the Mont Pelerin Society,[5] the Human Sciences Research Council,[6] and a fellow at the Institute of Directors.[3]

Personal life and education[edit]

O'Dowd was born in Johannesburg on 27 February 1930[7] and attended the prestigious St John's College. He later obtained a Bachelor of Arts (BA) and Bachelor of Laws (LLB) cum laude at the University of the Witwatersrand.[8]

O’Dowd’s daughter, Cathy O'Dowd, “was the first woman mountaineer to summit Mt Everest from both the south and north sides”.[9]

In 1991, O'Dowd received an honorary Doctor of Social Science (DSocSc) from the University of Natal,[10] and two honorary Doctor of Laws (LLD) degrees, one from the University of the Witwatersrand in 1993[11] and another from Rhodes University in 1994.[12]

After retiring, O’Dowd moved to his family’s retreat in Sedgefield, Western Cape. He died at the age of 76 on 15 March 2006.[13]

The O’Dowd Thesis[edit]

O'Dowd's widely-circulated[14] essay was first developed in 1963 and later published in 1966.[15] Before publication the essay was privately circulated by the South African Foundation (today known as Business Leadership South Africa[16]).[17]

O'Dowd derived the thesis from Walt Whitman Rostow's The Stages of Economic Growth, with O'Dowd calling his essay, "The Stages of Economic Growth and the Future of South Africa". The essence of the thesis was that "apartheid and capitalism were inherently incompatible and that economic growth would eventually lead to the disintegration of apartheid".[18] Christopher Hill summarized the thesis as follows:

"... as the population of South Africa grows, the white percentage of the total will fall and it will be impossible for whites to continue to occupy all the responsible positions and provide most of the skilled labour which the economy requires. It will then become apparent that such practices as job reservation are incompatible with the rational operation of the economy and, having been exposed to their full absurdity, will fall away. The need for black labour at all levels in the economy will in turn lead to the improvement of black education; the rules governing the mobility of labour and the right to live in the white area will be scrapped and at that point South Africa will 'take off' on the road to self-sustaining growth."[19]

The thesis was later promoted by the Free Market Foundation (founded in 1975), and was "widely accepted in liberal circles".[20] It also found favor with Harry Oppenheimer, the Chairman of Anglo American.

The thesis was revisited by O'Dowd in 1982 and 1991 respectively. In both cases O'Dowd considered how the thesis withstood the test of time, i.e. where his predictions were supported and contradicted by events.

In his 1991 address to the Conference of the South African Historical Society, O'Dowd acknowledged that Rostow's original theory - and consequently his original theory - had been discredited to an extent. This was because Rostow merely sought to explain how to achieve the "take-off" of industrialisation; but according to O'Dowd, he was later pressured by "people who wanted a theory that would guide political action" into theorising, incorrectly, that take-offs would result from a savings rate of 5 to 10% of national income.[21]

Criticism[edit]

According to Professor Edward Webster of the University of the Witwatersrand, O'Dowd was incorrect in saying that a "change of heart by management" would lead to the end of Apartheid. Instead, according to Webster, it was "forced onto management through the power of the black working class". Furthermore, Webster writes that O'Dowd made use of "the same flawed" methodology underlying Marxism, i.e. that "history is seen as economically determined".[22]

In 1991, however, in his speech to the SA Historical Society, O'Dowd said that "we should note that the theory is not one of economic determinism in the Marxist sense". Instead, theory merely explained that a "certain degree of industrialisation makes certain social and political arrangements possible" (or necessary) which had not been possible before.[23] Speaking of Rostow's original work, O'Dowd said that it did not seek to explain either the distant past or distant future; instead, it sought "to describe what happens when, in the present-day world, using present-day technology, an unindustrialised country becomes industrialised." In other words, it was a form of pattern recognition.[24]

Activism and beliefs[edit]

In 1974, Anglo American pioneered corporate social investment in South Africa, under O’Dowd’s leadership of its Chairman’s Fund,[25] through its Rural Schools Programme. According to journalist Paul Pereira, the programme was responsible for building South Africa’s “first black technikons, the SOS Children’s Villages and backed Johannesburg’s African Children’s Feeding Scheme”.[26] In the same year, O'Dowd and fellow Anglo executive W.D. Wilson "were leading lights"[27] in the establishment of the Association of Private Schools (APS), today known as the Southern African Heads of Independent Schools Association (SAHISA).[28]

At an event of the South African Institute of Race Relations in January 1987, O'Dowd argued in favor of privatization of South Africa's state-owned enterprises and deregulation of the economy, which would make it easier for black South Africans to join the "free enterprise system". In the speech, he also came out against restrictions on street hawking, which he claimed led to commodities being more expensive.[29]

O'Dowd opposed the inauguration of the Bram Fischer memorial lecture due to Fischer's ties with the South African Communist Party, and was subsequently accused of being “anti-communist, anti-black and pro-Inkatha” by the Legal Resources Centre's Felicia Kentridge in 1995.[30]

See also[edit]

References[edit]

  1. ^ Cairncross, Eugene (2011). "Post-Apartheid South African Economy: The Triumph of Capital?". In Vornell, Vaun (ed.). South Africa Today: How do we characterise the social formation. Cape Town: International Labour Research and Information Group. p. 18.
  2. ^ O'Dowd, Michael C. (1996). The O'Dowd Thesis and the Triumph of Democratic Capitalism. Johannesburg: Free Market Foundation. p. 33. ISBN 1-874930-16-3.
  3. ^ a b O'Dowd, Michael (1999). "The author". Liberal Reflections. Johannesburg: Free Market Foundation. pp. ix.
  4. ^ "Michael O?Dowd: A Tribute to a Great Man". www.freemarketfoundation.com. Retrieved 2017-08-24.
  5. ^ O'DOWD, MICHAEL (1990). "COMPLEXITIES OF THE SOUTH AFRICAN SITUATION". International Journal on World Peace. 7 (2): 25–41. doi:10.2307/20751447.
  6. ^ Annual Report 2012/2013. Human Sciences Research Council. p. 11.
  7. ^ "Michael O?Dowd: A Tribute to a Great Man". www.freemarketfoundation.com. Retrieved 2017-08-23.
  8. ^ Keeton, Margie (2006-03-20). "South Africa: Tribute to O'dowd, Man of Ideas". Business Day (Johannesburg). Retrieved 2017-08-23.
  9. ^ "Cloud 9". Discover Sedgefield South Africa. Retrieved 2017-08-23.
  10. ^ "Honorary graduates". University of KwaZulu-Natal. http://alumniaffairs.ukzn.ac.za/Libraries/convex_agm_and_award_2012/UKZN_List_of_Honorary_Graduates.sflb.ashx
  11. ^ Johannesburg, The University of the Witwatersrand,. "Honorary Degrees - Wits University". www.wits.ac.za. Retrieved 2017-08-23.{{cite web}}: CS1 maint: extra punctuation (link) CS1 maint: multiple names: authors list (link)
  12. ^ "Officers of the University." Rhodes University. https://www.ru.ac.za/media/rhodesuniversity/content/registrar/documents/prospectus/officers%20of%20the%20university.pdf
  13. ^ "Cloud 9". Discover Sedgefield South Africa. Retrieved 2017-08-23.
  14. ^ Saunders, Christopher. "The Making of the South African Past by Christopher Saunders". www.marxists.org. Retrieved 2017-08-23.
  15. ^ The O'Dowd Thesis and the Triumph of Democratic Capitalism. p. 1.
  16. ^ "Engineering News - The Business Government Relationship: What Has Gone Wrong?". engineeringnews.co.za. Retrieved 2017-08-28.
  17. ^ The O'Dowd Thesis and the Triumph of Democratic Capitalism. p. 39.
  18. ^ Hirsch, Alan; Hines, Sally (2005). Season of Hope: Economic Reform Under Mandela and Mbeki. IDRC. ISBN 9781552502150.
  19. ^ Hill, Christopher R. (1983). Change in South Africa: Blind Alleys Or New Directions?. Rowman & Littlefield. ISBN 9780860362005.
  20. ^ Vale, Peter; Thakur, Vineet; Vale, Peter; Thakur, Vineet (December 2015). "'Out in the dark': knowledge, power and IPE in southern Africa". Contexto Internacional. 37 (3): 1011–1040. doi:10.1590/S0102-85292015000300008. ISSN 0102-8529.
  21. ^ The O'Dowd Thesis and the Triumph of Democratic Capitalism. p. 33.
  22. ^ Webster, Edward (2005). "Rebels with a cause of their own: a personal reflection on my student years at Rhodes University, 1961-1965" (PDF). Transformation. 59: 98–108.
  23. ^ The O'Dowd Thesis and the Triumph of Democratic Capitalism. p. 33.
  24. ^ The O'Dowd Thesis and the Triumph of Democratic Capitalism. p. 32.
  25. ^ Friedman; et al. (2008). "New whims for old? Corporate giving in South Africa". In Habib & Maharaj (ed.). Giving & Solidarity. Cape Town: HSRC Press. {{cite book}}: Explicit use of et al. in: |last= (help)
  26. ^ "Corporate charity as political intervention". Retrieved 2017-08-23.
  27. ^ Pallister, Stewart, Lepper (1987). South Africa Inc.: The Oppenheimer Empire. Sandton: Lowry Publishers. p. 20. ISBN ISBN 0 947042 23 7. {{cite book}}: Check |isbn= value: invalid character (help)CS1 maint: multiple names: authors list (link)
  28. ^ "History of SAHISA: Apartheid and Social Change". www.sahisa.org. Retrieved 2017-08-23.
  29. ^ "Loosening the chains". The Sowetan. 29 January 1987.
  30. ^ Martens, Claire. "Legal Resources Centre - Felicia Kentridge: Rights lawyer who fractured apartheid's legal landscape". lrc.org.za. Retrieved 2017-08-23.
Retrieved from "https://en.wikipedia.org/w/index.php?title=User:Super_Warmonkey/sandbox&oldid=847731705"