Saturday 6 April 2013

Where is that state, Zimbabwe?


Zimbabwe has the potential. IMF, the World Bank, western and eastern investors are aware of this fact. Plentiful labour and resources mean growth potential, plus profit, can be reaped in future. This makes it doubly tragic that The State has consistently failed to harness real economic growth, over the past two decades. Even the colonial government could facilitate growth, during years of war and economic sanction.

70s growth was enigmatic. After 1973, the whole of Africa started losing industry due to neo-imperial policy and the role of IMF. Rhodesia, former colonial Zimbabwe, had seen years of economic sanction. The repressive regime was, however, able to attract agro and mineral processing industrial investment from South Africa.  Today's repressive regime has even failed to attract productive South African industrial capital. On coming into power, today's state, induced rapid de-industrialization worsened by hyperinflation. The opportunity to reap the country's milk and honey has been squandered, as the ruling regime has failed to come up with effective industrial development programs.

Corruption is a major problem. Poor planning and implementation make a terrible situation worse. Botched indigenisations, five year plans and E.S.A.P, all represent progroms of extermination against the suffering masses. To regain the 70s level of industry, state transparency is needed. The market will not invest productively in an environment of opacity, and corruption, even if that place is the rapid return economy of tomorrow. Only clear win-win contracts with foreign capital, South African businesses especially, can bring about firms that process Zimbabwe's  agro and mineral potential. Regaining our 70's capacity is the first step. Heavy industry will only be attracted when investors see the success of primary processing. Bringing back the rule of law is a responsibility of the ruling regime. The state  has to act and express transparency, in its fulfillment of mandated responsibility. Action speaks louder than words, anything less is treasonous, and the children of Zimbabwe shall have their day in judging the misdeeds of today. Zimbabweans will not remain underclass immigrants, poor peasants and precariat proletariat forever-all because of an incompetent state.

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