During the apartheid era, South African economic development was profoundly structured by racial labour policies, shaped by ideology and a violent racially repressive socio-political environment thus it was inevitable for the state to become capitalist because apartheid and capitalism had similar features that complimented each other such as inequality, oppression, exploitation, a distinction between those regarded as superior and those regarded as inferior whereby in the apartheid system, the inferior were the black people, who would take the role of proletariats (workers) in a capitalist system, and the superior were the white people who would take the role of the bourgeoisie, those who own the means of production, in a capitalist system.. Capitalism can be understood as an economic structure whereby capital resources are privately owned. In order to ensure a sustainable profit in a market economy, goods and services are produced. In a capitalist system, those who own the means of production determine the prices that goods and services are traded. The main features of capitalism
During the apartheid era, South African economic development was profoundly structured by racial labour policies, shaped by ideology and a violent racially repressive socio-political environment thus it was inevitable for the state to become capitalist because apartheid and capitalism had similar features that complimented each other such as inequality, oppression, exploitation, a distinction between those regarded as superior and those regarded as inferior whereby in the apartheid system, the inferior were the black people, who would take the role of proletariats (workers) in a capitalist system, and the superior were the white people who would take the role of the bourgeoisie, those who own the means of production, in a capitalist system.. Capitalism can be understood as an economic structure whereby capital resources are privately owned. In order to ensure a sustainable profit in a market economy, goods and services are produced. In a capitalist system, those who own the means of production determine the prices that goods and services are traded. The main features of capitalism