Zimbabwe- A case of wishful thinking
From the BBC-
Zimbabwe's hyperinflation will force President Robert Mugabe from power, the US ambassador to the country has said.No question, the economy of Zimbabwe is in a shambles. That doesn't necessarily mean internal change will happen. Look at the state of North Korea, particularly over the last 15 years. Some will say Kim is the worse despot of the two, besides the personality cult he has created but still conditions there are worse than in Zimbabwe. We'd all wish that internal regime would take place in Pyongyang and Hrare but what's the saying if wishes were horses?
Speaking to a UK newspaper, Christopher Dell predicted that inflation will leap to 1.5m% by the end of the year.
He said political discontent at Mr Mugabe's "disastrous economic policies" meant Zimbabwe was "committing regime change upon itself".
Zimbabwe has 80% unemployment and independent economists say inflation is running at 11,000% per year.
On Thursday, the value of the Zimbabwean dollar plummeted with black market exchange rates reaching 300,000 Zimbabwean dollars to one US dollar. The official rate is 15,000 to one.
Hat tip- Poliblog
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