Sunday, December 3, 2017

Zimbabwe today

....working people there face the consequences of a decadeslong capitalist economic crisis, a product of both the worldwide capitalist contraction and disastrous policies by Mugabe’s government designed to enrich his family and allies. In the midst of uncontrollable inflation in 2009 the government abandoned the currency, the Zimbabwe dollar. While the U.S. dollar replaced it in larger-scale commerce, for the overwhelming majority of Zimbabwe’s people barter became the norm. Over 90 percent of Zimbabwean toilers live outside what the government calls its “formal economy.”


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