blackmarket

English

Noun

blackmarket (plural blackmarkets)

1. Alternative spelling of black market
   • 1985, John S. Saul, chapter I, in John S. Saul, editor, A Difficult Road: The Transition to Socialism in Mozambique, New York: Monthly Review Press, →ISBN, section 2, page 94:

     As we shall see in the following section on the economic sphere, when discussing the situation of severe economic crisis in Mozambique in the 1980s this kind of formulation, presenting the problem of the blackmarket in strictly class terms, has its weak as well as its strong side. In stressing the point that the blackmarket is “not essentially an effect of economic difficulties,” it runs the risk of merely reducing the problem, undialectically, to a result of “the action of the class enemy—” “the internal bourgeoisie.” To which formulation the response must be: yes … and no. Fortunately, other Mozambican theorizations of the problem of the blackmarket tend to be more balanced and nuanced than this.