Wednesday, July 16, 2008
Check in the Guinness Book of World Records Under Holy Damn, Can That Be Right?
This is an amazing story--amazing in that the country of Zimbabwe still exists as a mostly cohesive entity. That the economy hasn’t collapsed to the point that the government can no longer function just beggars belief.
Zim dollars are worthless--worth less, probably literally, than the paper the stuff is printed on. Which brings up the next story about Zim’s failed leadership:
Intriguingly, if Fidelity continues to refuse to supply the special paper, it will become even more likely that Mugabe’s government will crumble. Without the truckloads of cash to pay off the cronies, military, and police, Mugabe’s true base of support may well crumble. With every passing year, Mugabe’s leverage on the people of the country erodes a touch more; unfortunately, it also leaves more dead, displaced, and unfed citizens suffering under his failing government, too.
It would be funny (although, ultimately, quite damaging) to see the government fail because it could no longer print money. What the democratic process has thus far failed to do may be accomplished by such a small thing as special paper.
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