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'Zimbabwe de-dollarisation is in tatters and with no political shift, no bailout' says expert

21 Oct 2019 at 08:59hrs | Views
Most of us know that Zimbabwe is in serious economic and political trouble. It is only from reading expert analysis that one can start to comprehend the seriousness of our situation. Tony Hawkins a prominent Zimbabwean economic analyst is one suck expert.

"Countries forced into dollarisation usually find it impossible to de-dollarise and Zimbabwe's mid-year efforts to do so adds another country to the long list of those that tried and failed," wrote Hawkins in Bulawayo24.

"Government is unlikely to acknowledge this, but the facts speak for themselves. Finance minister Mthuli Ncube's so-called austerity programme is in tatters and, to all intents and purposes, abandoned."

This is the microcosms story of Zimbabwe - a government pursuing voodoo economic policies; the imposition of austerity programmes, which have causing great economic suffering with no gain and, worst of all, those responsible for the tragic mess are not democratic accountability to those on the coal face.

"The hard reality, which the authorities refuse to acknowledge, is that the US dollar is the currency of choice, regardless of what a government - prone to eccentric interpretations of the concept of legality - decrees is legal tender," explained Hawkins.

"In this situation, restoring confidence in the local currency may turn out to be impossible without an international bailout, which is unlikely, without an equally improbable major shift in the political climate."

Zimbabwe is in this economic mess with unemployment a nauseating 90%, basic services such as health care all but collapse because of the 39 years of gross mismanagement and rampant corruption. The country used grow enough food to feed its people with plenty left over for export. We used to be the bread basket of the region; not anymore.

Since 2000, Zanu PF started seizing the farms to give to party loyalists, mostly, triggering the collapse of the agricultural sectors and with it the economy. We are starving in a country which, for all practical purposes, the Biblical Garden of Eden because of the chronic waste of the country's human and material resource. Such is the damning testimonial of Zimbabwe's bad governance.

Zimbabwe is a pariah state ruled by corrupt, incompetent and murderous Zanu PF tyrants who have enjoyed absolute political power these last 39 years and counting because they rig elections. And as long as They do not listen to advice and hence the reason why the country has followed these voodoo economic policies that have dragged the nation deeper and deeper into the abyss. And as long as Zimbabwe remains a pariah state, there will be no hope of meaningful economic recovery. None!

End Zimbabwe's pariah state is the improbable political shift Tony Hawkins is talking about.

In 2017 President Mnangagwa promised to hold free, fair and credible elections; if he had honoured his promise, that would have been the plate tectonic political shift. He and his Zanu PF cronies went on to blatantly rig the 2018 elections, confirming that Zimbabwe was still a pariah state and all talk of "new dispensation", "Second (Democratic) Republic", etc. is just hot air!

Zimbabwe has had many opportunities to implement the democratic reforms and stop Zanu PF rigging elections. The best opportunities being during the 2008 to 2013 GNU when all Morgan Tsvangirai and his MDC friends had to do was implement the raft of reforms Zanu PF had agreed to in the 2008 Global Political Agreement. MDC failed to get even one reform implemented in five years. Not even one!

Zanu PF rigged last year's elections and, per se, the regime has no democratic mandate, it is illegitimate. The EU, Americans, Commonwealth and all the other election observers with any democratic credentials have all dismissed the elections as a farce. The pressure should have been brought to bear on Zanu PF to step down. Sadly, that effort has been undermined by MDC!

By participating in the flawed and illegal elections MDC have given the illegitimate Zanu PF regime some modicum of credibility. What makes this even more irritating is that MDC leaders knew this too!

"The worst aspect for me about the failure to agree a coalition was that both MDCs couldn't now do the obvious – withdraw from the (2013) elections," admitted David Coltart in his book. He is an MDC senator and the party's Treasurer.

"The electoral process was so flawed, so illegal, that the only logical step was to withdraw, which would compel SADC to hold Zanu PF to account. But such was the distrust between the MDC-T and MDC-N that neither could withdraw for fear that the other would remain in the elections, winning seats and giving the process credibility."

So it is bad enough that MDC leaders have sold-out in failing to implement even one meaningful democratic reform but, to add insult to injury, they are the ones now giving the illegitimate Zanu PF regime credibility! But, what makes it near impossible to get the reforms implemented is that the majority of ordinary Zimbabweans still fail to see MDC leaders' treasonous duplicity and betrayal, even with the benefit of all the evidence of these leaders' breath-taking corruption and incompetence.

By the late 1980s, it has been clear that Zanu PF leaders were corrupt and incompetent and that they were dragging the nation into economic ruins. To this day, the nation has done little to remove Zanu PF from office because the nation, conscientious or otherwise, accept Zanu PF was the only party to rule the nation.

All the nation's efforts to saving the nation from economic ruins were done in the context of Zanu PF as the party of government. Zimbabwe is a de facto one-party dictatorship in which the only acceptable election result was a Zanu PF victory.  

After 39 years of trying to make the dictatorship work it is now clear that we are just wasting our time and resources; there will be no meaningful economic recovery without meaningful political change.

We, the people of Zimbabwe, must grasp the nettle and tell Zanu PF in, no uncertain terms, that we demand the full restoration of the individual freedoms and rights including the right to free, fair and credible elections. This illegitimate Zanu PF regime must step down to allowing the political space to appoint an interim administration that will implement the democratic reforms.  

The people of Zimbabwe must also wake up to the reality that MDC snow running with the hare but hunting with the hounds.

Whilst many Zimbabweans have accepted that Zanu PF has failed to govern, many of them have not had the courage to demand that the party should be removed from office. Zimbabwe Christian Heads of Denominations (ZCHOD) recently called for the formation of a GNU in which Zanu PF was to remain the principle player.

Many Zimbabweans have been brainwashed into believing no other political body can rule Zimbabwe other than Zanu PF; even with all the mountain of evidence proving the party is corrupt, incompetent, vote rigging and murderous oppression. The greatest obstacle to meaningful political change is the naive and gullible people, who have accepted the falsehood of Zanu PF having the divine right to rule!

All articles and letters published on Bulawayo24 have been independently written by members of Bulawayo24's community. The views of users published on Bulawayo24 are therefore their own and do not necessarily represent the views of Bulawayo24. Bulawayo24 editors also reserve the right to edit or delete any and all comments received.

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