The Deepening Crisis in Zimbabwe
I know everyone is fed up with the continuous state of crisis in Zimbabwe but that is no reason for not paying attention to its implications. In 1976 it was an intervention by the American Secretary of State that attempted to address the political, economic and social crisis in Zimbabwe, compounded at that time by a “low level tabiliza war”.
In 1980 it was the British, led by the Foreign Secretary, who attempted to address our situation in the form of a regional conference held in London. Then in 1996/7 the UN attempted to tackle the land issue and in 2000 the Mbeki administration considered what to do and came down on the side of supporting the established regime against the democratic forces in the country.
In 2006/7 Mbeki was forced by the deteriorating situation to review his approach and attempted to set up the conditions for a return to democracy resulting in negotiations and the 2008 elections that were finally won by the MDC. Instead of supporting the democratic outcome, Mbeki stuck to his 2000 decision and supported Zanu PF, facilitating the GNU in 2009 and regional leaders then allowed to opportunities created by their intervention to lapse in 2013 with the result that Zanu PF was returned to power.
When that happened the economy simply rebelled – stock markets crashed, capital flight resumed and banks failed one after the other. After the GNU when the informal sector in Zimbabwe had come out of its hiding places and assumed its role in the national economy – suddenly the process of informalisation accelerated and today official statistics suggest that 95 per cent of our population is dependent in one way or another on the informal sector.
Every aspect of life is affected by the economy and how it is performing. Despite the statements by the pundits, our economy has resumed the downwards slide that characterized the economy from 1997 to 2008. Inflows to State coffers have shrunk and suddenly there is no money in the markets. Companies are retrenching staff or simply winding up their affairs. Human flight has resumed with a vengeance into any country that will have our economic refugees.