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February 21, 2008
Zimbabwe Hits 100,000% Inflation
We don't need a crystal ball to see the future when we have Zimbabwe, a land where moonbattery is approaching its inevitable conclusion. Once it was known as Rhodesia, the Breadbasket of Africa. Then socialists took over and expropriated the white-owned farms that constituted the backbone of the economy.
Currently the breadbasket is a basket case, lorded over by leftist tyrant Robert Mugabe. But Zimbabwe did manage to stick it good to Whitey, and now it has reached a remarkable milestone: inflation has exceeded 100,000%.
Interested-Participant comments:
Interestingly, from a nuts and bolts perspective, the problems in Zimbabwe are rooted in the same socialist wealth-distribution policies that are being advocated by the Democrat candidates for President of the United States.
One day people will shake their heads and lament: Back when we had enough to eat, the USA drove the world economy. But then came Hope and Change. Now we have social justice.
Hat tip: The Jawa Report, on a tip from Burning Hot.
Posted by Van Helsing at February 21, 2008 6:46 AM
Comments
Isn't Mugabe still the head of the UN's sustainable development graft operation?
As everyone knows, socialism works perfectly, we have merely failed to put the correct gang of criminals in charge, so far.
Cheers!
Posted by: k. smart at February 21, 2008 7:35 AM
Zimbabwe used to be an exporter of food and one of the most promising countries in Africa. Now its a communist racist hell hole. Congratulations Mugabe, Stalin would be proud.
Posted by: Anonymous at February 21, 2008 8:14 AM
Even trout in the streams do best when free and have the ability to compete.
Communism crushes everything for everyone, except the elites.
That is the highest % I have ever seen in my life, and, how very sad, it is the inflation rate of a starving country's price structure. All of it caused by wealth redistribution policies.
Posted by: Mockinbird at February 21, 2008 10:37 AM
Notice the silence of the leftists that troll this site. There is no backing up socialism, it fails every time and will fail in America.
Posted by: Ken at February 21, 2008 2:56 PM
"Ken at February 21, 2008 2:56 PM"
The regulars are hiding under their beds with their fingers in their ears, screaming "IT'S NOT TRUE! IT CAN'T BE TRUE!"
Posted by: KHarn at February 22, 2008 2:45 PM
