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Zimbabwe Suffering Worst Economic Crisis [Archive] - DVD Talk Forum
 
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View Full Version : Zimbabwe Suffering Worst Economic Crisis


Myster X
02-06-06, 02:30 AM
The answer: seize more white-owned farms, if there are any left

http://news.yahoo.com/s/ap/20060203...r_from_zimbabwe

In Zimbabwe's capital and in need of a bath or a hot meal? Call a friend, though it'll likely take several attempts to get through. "We call it social bathing," said James Martin, a businessman who visits friends across Harare during extended water outages after making sure their taps aren't dry.

When the electricity is out, as it often is, he also invites himself over for dinner, bringing supplies from his thawing freezer and warm beer to be chilled.

This week, there was less cheer in the beer: With inflation spiraling, its price rose by 40 percent, the fourth increase since October.

The nation is suffering its worst economic crisis since independence from Britain in 1980, with acute shortages of food, gasoline, medicines and other essential imports. The crash has been blamed on disruptions in the agriculture-based economy caused by drought and the seizures of thousands of white-owned commercial farms since 2000.

Martin buys scarce gasoline on the black market at five times the official price. Fees for phone calls have increased by at least 1,000 percent in the past year, even though service has deteriorated. Water shutoffs are blamed on pump failures and shortages of water treatment chemicals.

One Harare entrepreneur with a well has begun advertising deliveries by truck.

Last month, Martin's neighbor paid $150 to replace a car tire slashed open by the razor-sharp edges of a pothole in a main street in the capital. Zimbabweans now joke that sober drivers steer in a zigzag pattern to miss the holes, while drunks foolishly drive in a straight line.

City authorities say they lack the manpower, vehicles and gasoline to mobilize sufficient road repair crews.

Potholes deepened by seasonal rains have even inspired a painting by Zimbabwe artist John Kotze. He said his pothole-in-oil symbolized the nation's economic and political decline.

But "water in the pothole represents life. Blue sky reflected in the water signifies better days to come. I'm trying to be optimistic as well," he said of his painting.

The state power utility has warned that electricity outages will persist, saying it lacks the money to import more power from neighboring countries and the spare parts to fix and upgrade its aging equipment. Even now, Zimbabwe imports 40 percent of its power.

Sydney Gata, head of the Zimbabwe Electricity Supply Authority, noted in a recent report that the cost of monthly power imports rose from $4.5 million to about $9 million since October.

Gideon Gono, governor of the Reserve Bank, last week predicted that by March, the official inflation could reach 800 percent, the highest in the world. Currently, inflation is nearly 600 percent.

The power utility has proposed a threefold increase on its fees this month, and sales of home generators from China, heard rumbling in well-to-do suburbs and office compounds, already have surged.

Accidents have increased sharply at blacked out traffic signals. An experimental solar powered signal was reportedly too expensive and a target for thieves.

Shortages of new bulbs means many traffic signals have only one working light.

"You take your life in your hands when you think the lights are down but there's an oncoming green on the other side and people are speeding through thinking you are on red," said Harare driver Jonas Mashu.

It took Mashu a week to find imported brake and clutch fluid for his van. He said he used a viscous mixture of soap and water as a temporary measure, something he learned from a mining prospector in the bush.

"Hardship teaches us unusual lessons," he said.

grundle
02-06-06, 04:36 AM
The bad stuff that's happening in this article sounds like what happened in Atlas Shrugged.

Myster X
02-06-06, 12:03 PM
It'll be a matter of time before someone blames the Iraq War.

SeekOnce
02-06-06, 12:24 PM
Congrats to Mugabe for leading the country down the craphole.

bhk
02-06-06, 01:02 PM
It'll be a matter of time before someone blames the Iraq War.

I see that someone is blaming the Iraq war for rioting Moslems/cartoons so I guess it is only a matter of time.

DVD Polizei
02-06-06, 09:27 PM
If the US troops weren't in Iraq, we could have sent more to Zimbabwe.

Vandelay_Inds
02-06-06, 09:49 PM
Another success for socialism.

DVD Polizei
02-06-06, 10:40 PM
Enron. Another success for Capitalism. :)

Vandelay_Inds
02-06-06, 11:17 PM
Enron. Another success for Capitalism. :)

Yeah, that is the same than soldiers coming into your house, burning it to the ground, and throwing you out in the street to die of hunger and pestilence.

sjrab16
02-07-06, 02:27 AM
Bush hates black people anyway

grundle
02-07-06, 07:04 AM
Enron. Another success for Capitalism. :)

Enron does show the success of capitalism, because the market punished Enron for its bad deeds. Its stock value fell to zero.

If Enron had been a government program, its failure would have been rewarded with increased levels of funding.

Breakfast with Girls
02-07-06, 11:56 AM
Zimbabweans now joke that sober drivers steer in a zigzag pattern to miss the holes, while drunks foolishly drive in a straight line.That's funny.

al_bundy
02-07-06, 12:01 PM
Enron. Another success for Capitalism. :)

that's one company out of thousands

how much money do government agencies lose annually?

Vandelay_Inds
02-07-06, 12:04 PM
that's one company out of thousands

how much money do government agencies lose annually?

If we were to apply the same standards to government enterprises, the entire executive and legislative branches would be thrown in jail.

bhk
02-07-06, 12:19 PM
If Enron had been a government program, its failure would have been rewarded with increased levels of funding.
Exactly. The people responsible for Enron will soon be in jail. The incompetants running the govt. social programs are promoted.

DVD Polizei
02-07-06, 09:23 PM
The government some of you support is creating the fraud. Social programs? Social programs are not the biggest problem with wasting money. It's the government contracting with corporations. By far. Don't we have a few particular corporations responsible for "reconstruction" in Iraq currently? And just how much money has our government given them with no strings attached.

And what about contracting for Defense. This is the biggest scam on the American public ever. Your government gives billions of dollars every single year to companies to make products which mostly don't even make it to production.

So, before some of you start whining about "social programs" you better think about corporations and how much money they are slipped behind closed doors. The Iraq War is going to shed a lot of light on this very practice.

The people responsible for the Enron fraud will be in jail. Yeah, that really solves everything. Hell, I can hear the wheels of justice getting cleaned already.

Let's find out just how much prison time these guys do. And what about paying back the people who lost their entire life savings? We haven't heard anything about compensation. All we hear about is how these bad men are going to prison. Well, big fucking deal. Prison time is not even correlated with white collar crime. WCC has everything to do with PAYING BACK your victims.

grundle
02-07-06, 09:31 PM
The government some of you support is creating the fraud. Social programs? Social programs are not the biggest problem with wasting money. It's the government contracting with corporations. By far. Don't we have a few particular corporations responsible for "reconstruction" in Iraq currently? And just how much money has our government given them with no strings attached.

And what about contracting for Defense. This is the biggest scam on the American public ever. Your government gives billions of dollars every single year to companies to make products which mostly don't even make it to production.

So, before some of you start whining about "social programs" you better think about corporations and how much money they are slipped behind closed doors. The Iraq War is going to shed a lot of light on this very practice.

The people responsible for the Enron fraud will be in jail. Yeah, that really solves everything. Hell, I can hear the wheels of justice getting cleaned already.

Let's find out just how much prison time these guys do. And what about paying back the people who lost their entire life savings? We haven't heard anything about compensation. All we hear about is how these bad men are going to prison. Well, big fucking deal. Prison time is not even correlated with white collar crime. WCC has everything to do with PAYING BACK your victims.

I agree with you about the military stuff.

The only people who lost their life savings from Enron are the people who put all their money in one stock. For some reason, I find it hard to feel sorry for anyone who does that.

And if they lost a million dollars, it's more like they gained a millions dollars and then lost a million dollars. The stock went up for the same reason it went down: fradulent accounting. They lost the money, but they never really had the money in the first place.

al_bundy
02-07-06, 10:18 PM
it's cheaper contracting for a lot of things than paying government or soldiers to do them. If soldiers did what Halliburton is doing than they would be sitting around during peacetime without anything to do.

kvrdave
02-07-06, 11:59 PM
Don't we have a few particular corporations responsible for "reconstruction" in Iraq currently? And just how much money has our government given them with no strings attached.


I don't know. Link? I guess I have a hard time believing we have given a "few particular corporations" money with no strings attached.

But it certainly sounds good to start a rant. -wink-