We
live in a world where there aren’t enough jobs, and migration into rich
countries is presented as a problem. This isn’t the way the world always is or
was. Hut Taxes were introduced by British Colonialists as a way to force the
required labourers into the monetary economy. Households had to send members to
work for the colonialists in order to raise the cash to pay the tax. Liberia’s
Hut Tax led to the Kru Revolt in 1915. The Bambatha Rebellion of 1906 pushed
back on the British Employers in Natal (The Colony) when the Zulu people of the
Mpanza Valley (now in KwaZulu-Natal) rose up. The challenge with a
pass-the-parcel economy with globally stretched supply chains, and institutions
(Nations and Companies) that have permanence and excess negotiating power is
when a person’s “place in the chain” becomes redundant. Companies talk of “key
person risk” but employees are the ones who live that risk. We live in a world
where individuals don’t have the buffers of cash and capital of corporate balance
sheets. Risk management starts from the bottom up.
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