There have been a lot of comments about this being racists, unfortunate, etc... It is simply a rejection of private property by a tribal regime. Government exists to protect private property (at a minimum at least). Without recognizing that there won't be safety and calm let alone prosperity. A regime that doesn't respect property is, on net, worse for the average person than a relatively prejudiced regime - look at Rhodesia vs Zimbabwe.
If the majority goes along with this, then they are only to blame for the inflation, poverty, nourishment, etc... Zimbabwe is just a living example - albeit an agrarian one - of Atlas Shrugged.