Tuesday, July 03, 2007
Three quarters of our problems today are of our own making as Zimbabweans because of:It does not seem to matter to them at all that the government runs a deficit of 25% of GDP or that monetary base growth has exceeded 1200%.
- Our insatiable appetite for everything external, from economic and technical advice to wine, food, cigarettes, milk and bottled imported water, among many other trinkets, which can not go on unchecked through progressive introspection.
- Indeed, quite strangely, some would rather listen to external economic advisors than our very own sons and daughters with exposure and personal distinctions in these areas.
- Some Zimbabweans have also elected to sell their souls in pursuit of foreign exchange, to the extent that damaging or weakening their own currency at home does not matter to them at all.
Zimbabwe's social contract -- in essence, the first step of a macro stabilization, which has a half-hearted look to it -- is not likely to last even through the summer if it includes arresting and beating shopkeepers.