"Investment"

Earlier, Logan Moodley, a South African whose citizenship was revoked by the South African Government in 1964 and who has been active in the struggle for Aboriginal Civil Rights in Australia, made an important contribution in outlining the international links between the apartheid system in South Africa and Western capitalism. He mentioned that South Africa is important to Western capitalism in several ways. Firstly it is the only effective pro-western nation on the African continent which provides useful port end space tracking facilities for the U.S. Secondly, South Africa is of extreme economic importance to the West because of its vast mineral resources and its profitable system of cheap labour. U.S. private investors earn, $100,000 million from investments in South Africa each year. The apartheid state of South Africa, he argued, guarantees the U.S. dollar.

The United States to only supported the South African regime but also Portugese colonialism in Fuine-Bissau, Angola and Mozambique. For example the U.S. Government has recently signed a treaty with Portugal for a U.S. base in the Azores. The U.S. end other western countries could, he said, help to isolate and overcome the dangers of South Africa end help to shelter Zambia and Tanzania from white racist governments. Instead Nixon has chosen to come to Lisbon's aid. Nixon's generosity to the Portugese was motivated by the old argument that because the Soviets give the guerilla said, the guerillas are Soviet stooges and must not be allowed to succeed. U.S. aid to Portugal, he said, could also have something to do with recent oil finds in Angola.

Britain's position was exactly the same as that of the U.S. Over half of all the overseas investments in South Africa came from Britain, and more and more British capital was flowing into South Africa. France, Germany and Italy were all increasing trade with South Africa. Capitalism and racialism go hand in hand.