Some thoughts about South Africa in the 50s-80s: Opposition to apartheid increased both internally and internationally. Nonwhites began terror campaigns against it, whites began to think of themselves as oppressors, and the international community imposed increasing penalties.
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Yes, they managed to retain their holdings for a time and even benefit from the lifting of sanctions, but the gains were fleeting. The majority would never be satisfied with a market dominant minority holding most of the wealth, and democracy would ensure the majority's will.
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Addendum: Maybe the whites thought the constitution would protect them? Perhaps it did for a number of years, but now the majority is amending the constitution.
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