Dublin Saab

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Tuesday, May 24, 2005

Mugabe Economic Pointer #439

80% unemployment, 25% of the population moved away and an agricultural sector gone from exporting to starvation all in a few short years. Man, that Mugabe sure knows how to run a country.

During the election campaign, the government had scoffed at critics who said the economy was on the verge of collapse. But since winning, it has taken drastic action, last week announcing a 45 percent devaluation of the Zimbabwean currency against the U.S. dollar, a ban on luxury imports and heavy subsidies for agriculture and exporters.

Oh, do not fear dear reader, I assure you that luxury tax applies to Mugabe and all his cronies. Joking aside I was wondering why the sudden move against the underground economy. It’s existence is a result of his own policies. Attacking it is to only attack the symptom while leaving the cancer to fester, though upon further reflection I have to admit the possibility that this could be the cause, because aside from being a dictatorial thug Mugabe is also a retard. The murderous villain couldn’t make smart decision even if he wanted to.

However the article sheds a little light.

Tsvangirai accused Mugabe of ordering the crackdown in response to pressure from newly arrived Chinese businessmen to stop secondhand dealers undercutting their cheap imports.

"The country has been mortgaged to the Chinese," Tsvangirai said in a statement. "How can we violently remove Zimbabweans from our flea markets to make way for the Chinese? The majority of Zimbabweans depend on informal trade to feed, clothe and educate their families."

First WalMart and now Zimbabwe, next the entire world. I can actually imagine some ancient old red Chinese shadow leader, twisted and shrunken with age, laughing maniacally as new markets open up to cheap Chinese crap, as it’s all part of his plan to take over the world.


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