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Reverse Zanu-PF policies to industrialise Zimbabwe - Analyst
10 Jun 2017 at 08:09hrs | Views
Political analyst Vince Musewe has challenged Zimbabweans top change the institutions inherited from the colonialist and reverse Zanu PF policies if industrialization of the country can be allowed to take place.
He said an industrial revolution in Zimbabwe is possible sometime in our future, but this can only happen when we radically change the institutions that we inherited from colonialism and also reverse Zanu PF policies which have continued to arrest our development.
"Countries that have extractive political regimes do not develop; they actually regress as we have seen in Zimbabwe. Extractive political institutions are those institutions that limit political and economic freedoms as means to prolong their rule. They create a political elite whose main priority is not shared economic growth but concentrated wealth accumulation for a few at the expense of social progress for many," he said.
"We must however recognise the critical factors for industrialisation and consider what conditions are necessary in order for our economy to develop in the future.
"In order to create a new dispensation we will need a fundamental reorganisation of our economic institutions in favour of innovators and entrepreneurs in all sectors of the economy."
He said this must be based on the emergence of more secure and efficient property rights.
"This not only includes productive assets such as land and mines, but also intellectual capital. Innovation can only flourish in an environment where ideas are protected by law," he said.
He said an industrial revolution in Zimbabwe is possible sometime in our future, but this can only happen when we radically change the institutions that we inherited from colonialism and also reverse Zanu PF policies which have continued to arrest our development.
"Countries that have extractive political regimes do not develop; they actually regress as we have seen in Zimbabwe. Extractive political institutions are those institutions that limit political and economic freedoms as means to prolong their rule. They create a political elite whose main priority is not shared economic growth but concentrated wealth accumulation for a few at the expense of social progress for many," he said.
"We must however recognise the critical factors for industrialisation and consider what conditions are necessary in order for our economy to develop in the future.
"In order to create a new dispensation we will need a fundamental reorganisation of our economic institutions in favour of innovators and entrepreneurs in all sectors of the economy."
He said this must be based on the emergence of more secure and efficient property rights.
"This not only includes productive assets such as land and mines, but also intellectual capital. Innovation can only flourish in an environment where ideas are protected by law," he said.
Source - Byo24News
