According
to John Maynard Keynes: economics is a moral science. Adam Smith,' the father
of modern capitalism', clearly identifies: the economy cannot function without
justice, fairness and morality. Corruption in Zimbabwe is fuelled by a triad of
injustice, unfairness and immorality. With high immorality the economy is not
realising prosperity.
Contracts
from the basis of economic activity. Fraud, graft and corruption are causing
the majority of Zimbabwe's business contracts to fail. Businesses continue to
fail and the economy sees more economic decline, as corruption grows unchecked.
It is clear to see, for the economy to function contracts have to be fulfilled.
With the majority of Zimbabwe's contracts not being settled, Zimbabwe for the
past twenty years is sitting in permanent depression.
Until
courts are allowed to deal fairly and justly with fraud, graft and corruption
Zimbabwe will continue in decline. A just law and fair implementation by a
conscientious court system will stop the spread of corruption and reduce
dishonesty in 'business'. Immorality is not cured by itself; the law can stop
its spread and check its destructive impact.
