People's bae blames white monopoly capital for recession

People's bae blames white monopoly capital for recession

Mbuyiseni Ndlozi took to social media to share his views on the recent recession and he blamed white monopoly for the economic's deteriorating state.

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On Tuesday, the GDP showed another decrease in the South African economy, which meant the country was in a technical recession.

Since news broke about the recession, people have voiced their opinions, blaming different things for the decrease in economic growth.

Mbuyiseni Ndlozi also took to social media to share his views on the recession. The people's bae continued to blame it on white monopoly.

"The #Recession must be blamed on White Monopoly Capital which has failed to create jobs, grow the economy and lead industrialization despite ANC’s misguided trust in them and giving them all market friendly policies for 24 years. It’s time for a different macroeconomic plan!" he wrote on Twitter.

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Alastair McAlpine, who goes by the Twitter handle @AlastairMcA30, wrote: "Yeah... WMC threatening property rights, mismanaging SOEs, inviting foreign families in to loot the fiscus, appointing inept ministers to key portfolios...No wonder the EFF is a joke."
Ongama Dlabantu, @OngamaDlabantu, commented: "Are you being serious right now? Who promised the people jobs between politicians and business? Who is responsible for economic policy? Would any sane businessman invest amidst the current status quo? Can you even tell me what is the current economic policy?"

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