October is adamant that no mischief was intended — "it was put into the notice but the effect of it was not understood". Innocent intervention or not, it is one for which his boss, Mr Davies, has had to grovel.
We all know what happened here. A certain lobbyist or lobby group might have mentioned that the broad-based clause would prevent the Zungurisation (Zungurization in the USA) of the economy. The lobbyists must have suggested that this economy can only benefit from the Zungurisation process.
A synonym could be oligarchism, it's still not clear