White monopoly capital is a term that originated in South Africa and is often used to describe a perceived concentration of economic power and wealth among White South Africans. It suggests that a small number of white-owned businesses (in an oligopoly) dominate various sectors of the South African economy, thereby controlling significant resources and influencing economic policies to their advantage.[1]
The term gained prominence during the anti-apartheid struggle in South Africa and has continued to be debated and discussed in political and economic circles.[2] Proponents of the concept argue that historical factors, such as apartheid policies that favored white individuals and businesses, have led to an enduring wealth inequality in South Africa. They believe that white-owned businesses continue to hold a disproportionate share of wealth and resources, impeding the economic empowerment of the majority black population.
Critics of the term, however, argue that it oversimplifies the complex dynamics of economic power and can perpetuate racial divisions. They argue that the South African economy has become more diversified since the end of apartheid, with significant Black Economic Empowerment initiatives and the rise of a black middle class. They also note that the concept of "white monopoly capital" fails to acknowledge the growing number of black-owned businesses and the role they play in the economy.
^Olifant, Nathi. "What exactly is 'white monopoly capital'? Mzwanele Manyi offers a definition". Sowetan LIVE. Retrieved 2017-10-13.
Whitemonopolycapital is a term that originated in South Africa and is often used to describe a perceived concentration of economic power and wealth among...
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PowerFM. He was criticised for denying the alleged existence of whitemonopolycapital, his account of the process of Afrikaner economic-upliftment, and...
Progressive Professionals Forum, in which capacity he railed against whitemonopolycapital, and he founded the Decolonisation Foundation, which was later linked...
accused SANEF of being racist white journalists and the poodle of whitemonopolycapital. BLF further accused the non-white journalists who form part of...
racial tensions, stirred up racial hatred, and made accusations of "whitemonopolycapital," using a large number of fake Twitter and other accounts online...
"whitemonopolycapital" to deflect accusations and evidence of their clients' involvement in corruption and state capture, and to suggest that "white...
incumbent President Cyril Ramaphosa of serving as a “proxy for whitemonopolycapital.” He also announced establishment of his own political party, uMkhonto...
for RET were closely associated with the rhetorical concept of whitemonopolycapital. At the 54th National Conference in 2017, the ANC endorsed a number...
different nations, in a country once identified with the strict division of white and black under the Apartheid regime. In a series of televised appearances...
and a disappointment to the country at large, a representation of whitemonopolycapital out of touch and uncaring of the plight of the poor. Reuters described...
administration. Zuma claimed that critics of his politics were agents of "whitemonopolycapital". Zuma was inaugurated in South Africa at the height of the 2008...
of notes. Monopoly notes come in the following colors: ₩1 - White ₩2 - Yellow (available in Monopoly Junior) ₩3 - Blue (available in Monopoly Junior) ₩4...
continent to reject Manuel's appointment, calling him a "puppet" of "whitemonopolycapital". In 1985,[citation needed] Manuel married Lynne Matthews, with...
restored to the people; The mineral wealth beneath the soil, the banks and monopoly industry shall be transferred to the ownership of the people as a whole;...
Web Map Context, an Open Geospatial Consortium standard in GIS Whitemonopolycapital, a political economic concept in South Africa Winter Music Conference...
attempts by Zuma's supporters to redirect public focus to so-called whitemonopolycapital. He told international press that revelations of state capture,...
on Zuma's administration . Closely associated was the concept of whitemonopolycapital. After winning the selection to host the FIFA World Cup, South Africa...
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