The high cost of ignoring reality
Zimbabwe isn’t only an extremely sad story of collapse and misery; it is also a dire example of socialism, it is an example of what happened when one try to shape the reality while ignoring cause and effect:
One month after Mr. Mugabe decreed just that, commanding merchants nationwide to counter 10,000-percent-a-year hyperinflation by slashing prices in half and more, Zimbabwe’s economy is at a halt.
Bread, sugar and cornmeal, staples of every Zimbabwean’s diet, have vanished, seized by mobs who denuded stores like locusts in wheat fields. Meat is virtually nonexistent, even for members of the middle class who have money to buy it on the black market. Gasoline is nearly unobtainable. Hospital patients are dying for lack of basic medical supplies. Power blackouts and water cutoffs are endemic.
Manufacturing has slowed to a crawl because few businesses can produce goods for less than their government-imposed sale prices. Raw materials are drying up because suppliers are being forced to sell to factories at a loss. Businesses are laying off workers or reducing their hours.
But instead of realizing the failing policy, instead of opening the markets, Mugabe is determined to continue implementing his version of socialism:
The chaos, however, seems to have done little to undermine Mr. Mugabe’s authority. To the contrary, the government is moving steadily toward a takeover of major sectors of the economy that have not already been nationalized.
“We are at war,” one of Mr. Mugabe’s vice presidents, Joseph Msika, said in a speech on July 18. “We will not allow shelves to be empty.”
In the other hand I might be completely wrong, after all Zimbabwe is the chair of the UN Commission on Sustainable Development…
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