Thursday, July 26, 2007
Economics By Terror - 5000 Business Executives Arrested
5000 business executives and store managers have been arrested in Zimbabwe since Mugabe started his crackdown on business accusing them of hiking the prices of basic commodities in order to topple his government. At one time most of the executives and business managers were honest and upright citizens who have never seen the door of police station in their lives and they woke up one day alleged to have broken the law as they went about their businesses adjusting prices of goods to keep up with the runaway inflation that Ed Cross estimates to be about 22000% for the month of June. An inflation created by Mugabe's printing of money without any production to back it up as he funds his political patronage, foolishly thinking it will guarantee him safety and stifle revolt within his own Zanu PF.