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Sunday, June 22, 2008

A Sad Day for this World

I teach about Zimbabwe in my Intro To Macroeconomics class. We use it as a case study as to how corruption, out of control government spending, money printing and dictatorship can destroy the economy of a country.

It appears the continued collapse of the once relatively strong Southern African nation will only continue now thanks to Dictator (he's technically not one, but given how he operates his government he is one de facto) Robert Mugabe.

The fact that the U.S. and Britain and many of Zimbabwe's African neighbors have only paid lip service to the plight of the Zimbabwe people is nothing short of disgusting to me. The fact that major Western powers continue to waste lives, money and general resources in Iraq while failing to assist one iota the suffering Zimbabwe people who currently live with inflation in the hundreds of thousands and 80+% unemployment is proof positive that our notion of "priority" is backwards to say the least.

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