The deplorable economic situation in Zimbabwe is getting even more critical by the day. Stack poverty now stares the majority of the people on the face.
At some point, the country had a vibrant economy, when agricultural investors where not arm twisted, their land taken away forcefully by the former regime in a bid to Redistribute land.
The truth about Zimbabwe is that it has regressed, back to that ancient poverty which has been the historical lot of mankind. As I’ve pointed out before:
The problem with this description is that it is actually accurate. Zimbabwe simply doesn’t have anything even approximating to a formal economy any more. And as such it’s one of the poorest places on the planet as a result. And yes, Mugabe is to blame for this.
During his dictatorial regime, this is what the former and indeed the acclaimed most educated president in the world at that time Robert Mugabe said:
“Zimbabwe is one of the most highly developed countries in Africa and after South Africa, I want to know which country has that level of development that we see in Zimbabwe,”
From 2011 to 2014, the percentage of Zimbabweans scrambling to make a living in the informal economy shut up to an astonishing 95 percent of the work force from 84 percent, according to the government. And of that small number of salaried workers, about half are employed by the government, including patronage beneficiaries with few real duties.
In 2018, apart from the embarrassing unemployment rate, there is also no food for the people and the government seem helpless about the situation.
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