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Higher asset returns required because of Rand volatility
Foreign investors require higher returns from South African assets in order to compensate for the ZAR/USD exchange rate volatility. The Satrix 40 would have had to give US investors more than double the returns than it did over the last ten years, in order to have...
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Quote: Dr Martin Luther King Jr. – American Baptist minister
“Darkness cannot drive out darkness: only light can do that. Hate cannot drive out hate: only love can do that.” – Dr Martin Luther King Jr. – American Baptist minister
This line, included in A Testament of Hope: The Essential Writings and Speeches of Martin Luther King, Jr., is not only emblematic of King’s message but also of his lived philosophy—one deeply rooted in Christian ethics and the practice of nonviolence.
Martin Luther King, Jr. (1929–1968) was an American Baptist minister and activist who became the most visible spokesman for the nonviolent civil rights movement from the mid-1950s until his assassination in 1968. King drew extensively from Gospel teachings, particularly the Sermon on the Mount, and from earlier theorists of nonviolent resistance, notably Mohandas Gandhi. He argued that true social transformation could only be achieved through love and reconciliation, not retaliation or hatred. The Testament of Hope anthology, compiled by James Melvin Washington at the request of Coretta Scott King, brings together King’s seminal essays, iconic speeches, sermons, and interviews—showing the evolution of his thought in response to the escalating struggles of the American civil rights movement.
This specific quote reflects King’s insistence on moral consistency: that the means must be as righteous as the ends. It was delivered against the backdrop of violent backlash against civil rights progress, racial segregation, and systemic injustice in the United States. King’s philosophy sought not merely to win legal rights for African Americans, but to do so in a way that would heal society and affirm the dignity of all individuals. The quote serves as a concise manifesto for constructive, rather than destructive, social change—urging individuals and movements to transcend cycles of resentment and to build a community rooted in justice and mutual respect.
Context: Leading Theories and Theorists
Gandhi and the Power of Satyagraha
A cornerstone of King’s intellectual framework was Gandhi’s concept of satyagraha (truth-force) or nonviolent resistance. Gandhi demonstrated that mass movements could challenge colonial oppression without resorting to violence, emphasizing moral authority over physical force. King adapted these principles to the American context, arguing that nonviolence could expose the moral contradictions of segregation and compel a reluctant nation to live up to its democratic ideals.
Christian Ethics and the Social Gospel
King’s theological training at Morehouse College, Crozer Theological Seminary, and Boston University exposed him to the Social Gospel tradition—a movement that sought to apply Christian ethics to social problems. Figures like Walter Rauschenbusch influenced King’s belief that salvation was not merely individual but communal, requiring active engagement against injustice. King’s sermons often invoked biblical parables to argue that love and forgiveness were not passive virtues but powerful forces for societal transformation.
Thoreau and Civil Disobedience
Henry David Thoreau’s essay “Civil Disobedience” also shaped King’s thinking, particularly the idea that individuals have a moral duty to resist unjust laws. However, King went further by tying civil disobedience to a broader strategy of mass mobilisation and moral witness. He argued that nonviolent protest, when met with violent repression, would reveal the brutality of the status quo and galvanise public opinion in favour of reform.
Pacifism and Social Democracy
King’s later writings and speeches reveal a growing engagement with democratic socialist thought, advocating not only for racial equality but also for economic justice. He critiqued both unbridled capitalism and the excesses of state control, positioning himself as a pragmatic reformer seeking to reconcile individual rights with collective welfare. Though less discussed in popular narratives, this aspect of King’s thought underscores his holistic approach to justice—one that integrates personal morality, social ethics, and political strategy.
Insights for Contemporary Consideration
King’s assertion that love and light—not their opposites—are the true agents of change remains pertinent. In an era marked by polarisation, the temptation to meet hostility with hostility is ever-present. King’s legacy, however, suggests that sustainable progress is built not on animosity but on courageous empathy, principled nonviolence, and a steadfast commitment to the common good. His writings compiled in A Testament of Hope continue to challenge us to consider not just what we seek to achieve, but how we pursue it—reminding us that the character of our methods shapes the quality of our outcomes.

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