The tragic death of more than 300 South Korean students last month has revealed starkly the menace of neoliberal economics. The students were aboard the Sewol ferry, on a school trip, when it capsized with 476 passengers and crew on board. Only 170 people managed to escape. Hopes for the remaining 306 soon dissipated in the wake of a bungled rescue attempt, which was too slow and hampered by bad weather. While the majority of bodies have been recovered, approximately 30 are still missing. While many Western journalists have sought to promote racist Orientalist stereotyping blaming the tragedy on South Korea’s “Confucian society”, the root of the tragedy lies in crony capitalism.
Posted on: Mon, 12 May 2014 06:33:12 +0000
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