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Zimbabwe's Ruined Economy Signals End for Mugabe

 
 
Reply Tue 21 Aug, 2007 05:54 am
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Robert Mugabe may finally be losing his grip on Zimbabwe's throat. The accelerated decline of what's left of Zimbabwe's economy might soon leave the embattled president without the cash to pay off those on whom his political survival will depend. As prices spike and waves of Zimbabweans flee the country in desperation, the inner circle of his ZANU-PF party may finally have little choice but to push him aside.

The 83-year old president, in power since 1980, is unlikely to go gracefully. He vows to seek another five-year term in elections scheduled for March. Yet, across his country, high inflation has become hyperinflation. To this point, Mugabe's government has been able to collect taxes and maintain the president's patronage network, buying the loyalty of the army and police. ZANU-PF officials have been able to feed their most useful constituents.

But official estimates now set inflation rates at around 4,500 percent. The real figure is almost certainly much higher. The director of the International Monetary Fund's Africa department warned on July 31 that the figure could reach 100,000 percent by year's end. Prices for consumer goods change several times a day. Meat, produce, eggs, bread, cooking oil and soap have become precious commodities.
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gungasnake
 
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Reply Tue 21 Aug, 2007 05:59 am
Like Chuck Darwin, Jimmy Carter is a legitimate candidate for stupidest white man ever to walk the Earth. "Zimbabwe" is one of his two most major accomplishments in life, the other being the present situation in Iran.

Commentary on this topic from FreeRepublic:

Quote:

I think Chavez can do it Venezuela even with its huge oil wealth. Time will tell...


Venezuala's inflation is 12% and rising. GDP growth was only 8%, despite the oil price. Therefore, the wealth of the nation is already declining....


And to think, Rhodesia (Zimbabwe) was once known as "the breadbasket of Africa", and was a beautiful, civilized, prosperous country. I remember doing a report on Rhodesia in junior high school in the ?'60s. Whatever happened??....


A lot of folks felt in the early 20's that Lenin's death would be the downfall of the Soviet Union for this very reason. Then there was Stalin.

Mugabe's death won't solve anything much. The same group of looters will be in charge with the same acquisitive habits, party loyalties, elitism, and army of thugs. As long as a Venezuela or a Libya or a China will bankroll them they'll be living large. Those benefactors will not feed the entire country, and so the country will starve. A smaller, loyal population will result, kept alive by government largesse and obedient by lack of an alternative.

The economy, of course, will be strictly dependent on outside sources, much like Cuba during the Soviet sugar subsidies. But it will function well enough to keep the lid on, and it doesn't seem as if any of Zimbabwe's neighbors or "benefactors" have much more than that in mind. This is a carefully cultivated political tragedy, a police state laboratory for an already-discredited anti-colonialist doctrine. A lot of people have a major stake in keeping this moribund doctrine alive, and in order to do so the people must suffer. It really doesn't look very good for Zimbabwe for a long, long time to come......


These monsters keep their subject populations broke, hungry, and disarmed (BTW, that is what's behind the UN's constant push for gun bans). They also keep the local thugs aka police and military well fed until they bankrupt the entire nation, and then they are supported afterwards with outside funds, so the local population cannot do much. And the left in Western nations idolizes these scum (just look at how the nutroots praise Mugabe, Che, Castro, et al.), so the West is politically hamstrung from doing much. That leaves nobody to take then down and out except for another thug, and the cycle of misery continues.......


What happened? Two words - Jimmy Carter. When we elect leftards to the Presidency, literally millions suffer worldwide. And yes, we really are that dominant in the world.

You think that's bad? Wait until you see the effects of a Hillary presidency in ten years.....


Yeah, right. The economy is in a shambles, but as long as Mugabe's military thugs don't feel the pain and stay loyal to him?-the perverse incentive for them is that if they overthrow him, they share the pain of the average Zimbabwean, so they are unlikely to do so?-he will remain in power unless someone manages to get close enough to him to off him?-an act that is exceedingly unlikely. I would look for him to go the way of most "modern" despots?-he will die of old age......





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busiem2002
 
  1  
Reply Sun 23 Sep, 2007 01:29 pm
What a lovely country Zimbabwe was.
Wish the world could call on Mugabe to step down before the situation reaches catastrophic levels.If children are suffering then something has got to be done.It's not a natural occurence happening.It's all about a man hungry for power and can't stand someone ruling but him.Why can't people emulate Nelson Mandela.Hope things will change soon.
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