Tuesday, July 24, 2007

UN Sustainable development through price controls & nationalization

Robert Mugabe is going to fix all of the Zimbabwe's economic ills, brought about through no fault of his own, through the strict enforcement of price controls and the nationalization of industry...which was part of the problem I thought... but what the hell..

President Robert Mugabe has said at the opening of parliament that strict price controls will continue as Zimbabwe tries to turn around an ailing economy.

The country, once the bread-basket of the region, is suffering crippling food shortages and rampant inflation.

Mr Mugabe blamed droughts and sanctions for their economic woes and said they faced continued hostility from the UK and her Western allies.

A bill to nationalise foreign firms, including banks and mines, is planned.
Well, it hasn't worked anywhere else in the world, but Zimbabwe/Mugabe are setting the world course for sustainable development so they must know something that we capitalists do not. Of course one way is to cut down on the number of poor is to have them leave the country:
Economic refugees are arriving in neighbouring states like South Africa at a rate of around 3,000 a day.
And, beyond economic controls, a political solution also appears to be in the makes:
Talks between the ruling Zanu-PF and the opposition MDC to find a political solution appear to have stalled, our reporter says.

The MDC wants a new constitution, but the only amendment on the parliamentary agenda could extend the president's term to 2010.
For those of us in Canada and the west in general who look to the UN as some sort of moral foreign policy guide, look again. The UN simply gives legitimacy and cover to tyrants and strongmen.

(Also at Little Tobacco)

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