Free markets, Bah! Command and control economies are more, “efficient,” (according to every dictator of any nominal standing).
Reports from Zimbabwe say bakeries have run out of flour and there will be no bread in the foreseeable future.
The Agriculture Ministry has confirmed that this year’s wheat harvest yield of 145,000 tonnes is only one third of the country’s requirements. ~news.bbc.co.uk
Surely the government should do something to combat this, “market failure”?
Critics have blamed President Mugabe’s policies, especially the seizure of farms from their former white owners, for ordinary Zimbabweans’ hardship.
A foreign currency crisis has helped push inflation to record levels in recent months.
Government price controls have been blamed for worsening shortages.
For his part, President Mugabe has accused foreign governments of trying to interfere in Zimbabwe’s affairs – saying some businesses had raised prices without justification as part of a Western plot to oust him. ~news.bbc.co.uk
Entirely predictable.
