Winds of Change, March 12, 2008 | From theTrumpet.com
As Zimbabwe takes another step toward oblivion, here's a look at how a once-proud nation fell so far. By Richard Palmer
Zimbabwean President Robert Mugabe has signed a new law that gives "indigenous" Zimbabweans majority ownership of all businesses. This new law will make matters even worse for an already impoverished country.
It is hard to see how conditions could get worse for this once prosperous nation. While few official figures are available, estimates put unemployment at 80 percent. Official figures also put the inflation rate at 24,000 percent, though in reality inflation in Zimbabwe is very hard to measure. When there is no food on the shelves, it is hard to tell how much the price has risen.
This new law is not going to fix that. It states that "indigenous Zimbabweans shall own at least 51 percent of the shares of every public company and other businesses." The term "indigenous" refers to "any person who, before the 18th April, 1980, was disadvantaged by unfair discrimination on the grounds of his or her race, and any descendant of such person."
This new legislation brings back memories of the tragic land reforms that took place several years ago. According to Harare-based economist Godfrey Kanyenze, "It will entail the destruction of the economy. We should have learned from the blunders of the land reforms where people who were not properly equipped rushed to grab farms. The result was a disaster in the agricultural sector and we are now importing maize from the countries where the former farmers have migrated to."
The land now known as Zimbabwe was once the breadbasket of Africa. Today it is a den of tyranny, starvation and squalor. In 1960, British Prime Minister Howard Macmillan forecast that "the wind of change" would soon blow over the continent. This is where those winds of change brought Zimbabwe......
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