Tuesday, December 2, 2008

From Terrible To Unimaginable Nightmare

As previously noted on this blog here and here, Zimbabwe has been deteriorating for the past two years. The yearly inflation rate has gone from 100,000% to 2,000,000% to now, an unimaginable 231,000,000% (yes, that's two hundred thirty one million percent). The value of the Zimbabwe dollar is now basically zero, and unemployment is a staggering 80%.

Now, in addition to having a non-functioning economy, the collapse of Zimbabwe's infrastructure is causing a cholera epidemic.

The tragedy of Zimbabwe is just awful. It was a stable, functioning state not ten years ago. It had problems with inequality, a history of exploitation and colonial racism, etc... but it was a functional country and a net food exporter. Now that country has been set back so far by it's government that it may not recover in living memory.

No comments: