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Despite Bell Pottinger's perpetuance of propaganda as already proven, does white monopoly capital really exist, and if so, is there a need for transformation?
Despite Bell Pottinger's perpetuance of propaganda as already proven, does white monopoly capital really exist, and if so, is there a need for transformation?
Expert Solution
The white elite in South Africa control and own business groups and colluding monopolies that are critical for corruption and alleged state capture. They dominate a few political positions, the financial and banking sector and corporates that creates supremacy over the blacks. The blacks in South Africa are orchestrating against the control of the governance, the economy, and corruption by the whites. As a result of the white monopoly capital, the country has been divided which has resulted in slow economic growth. Due to the dominance of the whites, inequality in sharing the country's output has also been experienced not to mention the job industry. The whites are mostly considered for job vacancies while the blacks are left out. The blacks are fighting against the white monopoly capital which will see equal chances and opportunity given to all. These will promote equality and cohesion among the South Africans which will lead to increased growth of the economy as well.
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