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But guess what? There is very little foreign exchange to pay for food imports. Who can provide food aid? The western governments and institutions could, but they are Enemy Number #1 on Robert Mugabe's list. No fuel either, no equipment and no nothing! So the industrial capital stock is slowly rusting to a halt. What is the response of his economic advisors? They try to ban inflation. King Canute is not dead folks! Think of yourself as a Zimbabwean school teacher or a member of the previously flourishing middle class - a middle class member whose earnings are generally fixed on years on end with no bonus and a tiny salary increase. If you have that sort of incoming salary, it is tough even with small inflation. If you have a situation where prices are under hyper-inflation and *doubling* every week or so, then you do not need to be Stephen Hawking to realise how quickly you will run out of your disposable salary, your accumulated savings and finally your assets, like your ancestral property, house or your pension. And when you end up in a situation where your salary is just enough for two days out of an entire month, what do you do then as a middle class man? A dark joke of old Soviet times gives you the answer: "they pretend to pay us for working, we pretend to work for the pay they are pretending to pay". So you have a choice of either doing 2-3 jobs, do something illegal, become a criminal or simply leave the country. In this case, Zimbabweans have taken the last option. What's left? Nothing much actually. Like an anorexic patient, after finishing off the fat, the locusts in the ruling ZANU PF party and Robert Mugabe's goons have now started eating into the muscle itself, leaving the patient bony. He even asked for a loan from Let me quote Thabo Mbeki, President of South Africa, who said the following in an interview to the Financial Times of April 3rd, 2007. "President Mugabe and the leadership of Zanu-PF believe that they are running a democratic country. That's why you have an elected opposition, that's why it's possible for the opposition to run municipal governments in The way All this to be taken with a grain of piquant salt!
AUTHOR: Bhaskar Dasgupta TAGS: World Politics piquant Inflation Inflation Africa Mugabe BOOKMARK: Digg it | Add to Del.ICIO | Add to FARK ACTIONS: Comment Save Print Register free acount |



