The student loan industry's parasitism is matched by the Democratic Party's unwillingness to take them on. Martin Scorsese’s classic 1991 film Goodfellas lays bare the basic operations of the mafia. In a classic scene, narrator and mobster Henry Hill describes the fate that befalls those who partner with the mob.

Cyril Ramaphosa’s election as ANC president in December has coincided with the meltdown of the main bourgeois opposition party: the Democratic Alliance. But while the DA’s fortunes are declining, paradoxically, Ramaphosa’s victory at the Nasrec conference was widely welcomed by large sections of the ruling class, including big business, which now feels more secure with one of its own at the helm of the ANC.