What could possibly go wrong?

Wow. Bobby Mugabe just opened his latest campaign for president. He’s 89, he’s lost at least the last two elections, but he’s still president, he’s still running hard, and he still is a very snappy dresser:

 

And, he and his surrealistic party ZANU-PF, have an amazing plan to fix Zimbabwe:

In the 108 pages of Zanu-PF’s election manifesto, the word “indigenisation” appears at least 156 times.

The party is not coy about this, declaring: “Only the indigenisation and people’s empowerment reform programme can meet the goals of the people. There is no other alternative.”

Under its plan, 1138 companies across 12 different sectors would be targeted over the next five years. The party believes the takeovers would realise $7.3billion in assets for the government.

The value of these assets would then be used as security against borrowings, which, Zanu-PF believes, would ultimately create total value of $29.2billion. The money would be used to rebuild the country’s infrastructure, support agriculture, and fund education and health.

 

People, after a government nationalizes 1138 companies, how many foreign lenders will be knocking on the door offering to loan them money?

 

 

 

 

3 thoughts on “What could possibly go wrong?

  1. Pingback: Add “Bad Winner” to Mugabe’s many, many faults | Cherokee Gothic

  2. Missed this one when you put it up. As to “how many foreign lenders will … loan them money?”

    From past experience, quite a few. Given the number of nations which have defaulted on all or part of their debt and started borrowing a couple years later, I’m guessing somebody will lend him money.

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