Will the EFF's state owned land system work? Tweeps don't think so

Will the EFF's state owned land system work? Tweeps don't think so

A tweep posted a comparison between Venezuela's deteriorating economy and the Economic Freedom Fighters' state owned system and it sparked a massive debate on social media.

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Siphamandla, who goes by the Twitter handle @Sowellnomics, took to the social media platform to compare the EFF's state owned system to the system implemented by Venezuela.

The economist wanted to point out the South American country adopted an EFF's state owned system and it ended badly.

"Venezuela abolished their property rights to implement an EFF state owned land system. Investment into agriculture declined and local food production stopped. They relied on exports to feed the country, but their currency tanked, which lead to food shortages and mass starvation," he captioned the post.

READ ALSO: 10 brutally honest reactions to EFF member jumping ship to UDM

His post sparked quite the debate on Twitter, with South Africans divided on the EFF's system.

Siphamandla's post sparked a reaction from the EFF deputy president Floyd Shivambu, which ended up being becoming a Twitter fight between the two men.

"That’s a very simplistic and decidedly wrong reading of Venezuela’s economic problems. Venezuela under successive capitalist governments didn’t diversify its economic base and largely depended on oil exports. When the global oil price collapsed, the entire economy was affected," Shivambu commented.

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Source: Briefly.co.za

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