Answer to Question #156105 in Political Science for Noluvuyo

Question

How did white monopoly begin?

How Did it come about?

Answer 1

Origin of the white monopoly capital dates back in the early 1950s during the liberation war in South Africa. The term was initially used to express displeasure over economic dominance of white people in South Africa. Consequently, during the post apartheid period, whites still owned big businesses in the country thus evoking the racist terminology.