Saturday, September 07, 2019

There are many Mugabes in the world.

Couple of days back former president of Zimbabwe Robert Mugabe died in Singapore, where he was receiving treatment. While the country is "grappling with its worst economic crisis in a decade, marked by unemployment above 80 percent, acute shortage of foreign currency and fuel, and rolling power cuts lasting up to 18 hours a day", Mugabe was able to spend several months in Singapore for treatment of an unknown illness. He was being treated at Gleneagles Hospital where a "suite is priced at S$7,588 a night. Single rooms go for S$668 a night, while its four-bed room costs S$259." His daughter Bona studied in Singapore while his wife Grace indulged in shopping trips, once blowing US$10,700 on a handbag. Mugabe was ousted in a bloodless coup in 2017 by his erstwhile deputy Emmerson Mnangagwa, known as "the crocodile" for his political shrewdness. About Mnangagwa, "One veteran of the liberation struggle, who worked with him for many years, once put it simply: "He's a very cruel man, very cruel." The tragedy is that Zimbabwe used to be known as Rhodesia, in memory of an extremely racist, crafty man called Cecil John Rhodes, who said, "Just fancy those parts which are at present inhabited by the most despicable specimen of human being, what an alteration would be in them if they were brought under Anglo-Saxon influence ... if there be a God, I think that what he would like me to do is paint as much of the map of Africa British Red as possible..." Sadly, African rulers have been just as despotic. Just as Britain thinks it has a right to interfere in India's affairs because it used to be a former colony of Britain, so it orchestrated economic sanctions on Zimbabwe, ostensibly in response to violence against white farmers whose land was forcibly acquired by force in 2000-01. Lifting of sanctions has been linked to total compensation for white farmers by Western nations, although, why any compensation need to be paid for land acquired by force in the first place, is difficult to understand. Inflation is running at 175% which, with high unemployment, makes life a misery for ordinary Zimbabweans. In 2008 Zimbabwe experienced hyperinflation when the rate of inflation reached 79.6 billion percent month-on-month, 89.7 sextillion percent year-on-year by mid-November, forcing the government to print notes worth 100 trillion Zimbabwe dollars. The government abandoned its own currency and started using foreign currencies, such as the US dollar and the South African rand, to control inflation. However, in June this year Zimbabwe introduced the RTGS dollar which will be the only currency in the country. RTGS stands for Real Time Gross Settlement and straight away it lost 60% of its value against the US dollar. How can anyone stay in power for so long, like Mugabe, while wrecking the nation? By resorting to violence and because of supporters who benefit from the corruption. Just the same in Venezuela, Nicolas Maduro still has his supporters despite complete collapse of the economy. In Argentina, the peso crashed by 15.3% when people voted for Cristina Fernandez de Kirchner despite her record on the economy. Poor people suffer the most from economic mismanagement but vote for the perpetrators. Mugabe may have gone, but his clones are doing well. 

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