11 Million Percent Inflation
Posted on November 14, 2008
Filed Under Uncategorized |
African leaders once again pass the buck on Zimbabwe, caving to Mugabe’s thugs and further legitimizing the disgraceful outcome of the election there. Half of the population of Zimbabwe has fled the country, and the remaining population largely depends on food aid in a country that was a powerhouse agricultural exporter prior to Mugabe’s disastrous reign. African leaders are disgraceful when it comes to the ongoing humanitarian disaster in Zimbabwe, but so to are western leaders who turn a blind eye to the country at each turn for the worse.
In a disgraceful passing of the buck, Tomaz Salomao, the head of the Southern African Development Community (SADC), which organized Sunday’s summit, announced that Home Affairs should be “co-managed” by two ministers, one from MDC and one from ZANU-PF. This means that SADC approves of Mugabe’s party retaining control of all the security services — though hundreds of Zimbabweans have been killed by the army and police this year.
Lastly, yes inflation really did hit 11 million percent, up from 6,000% just a year ago.
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My name is Jeff Nolan and I write Venture Chronicles. I am the VP of Product Marketing for Get Satisfaction and I write about a range of topics that interest me, including public policy, technology, entrepreneurship, finance, and global issues.
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