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(Mugabe's Zimbabwe) Business Execs Arrested For Refusing To Cut Prices
ASSOCIATED PRESS ^
| July 9, 2007
| Angus Shaw
Posted on 07/09/2007 1:18:24 PM PDT by DogByte6RER
Business execs arrested for refusing to cut prices
By Angus Shaw
ASSOCIATED PRESS
July 9, 2007
HARARE, Zimbabwe Police arrested 16 more business leaders in a crackdown on those suspected of violating the government's order to slash prices by 50 percent, the official media reported yesterday.
The mandated price cuts ordered more than two weeks ago are a desperate attempt to confront inflation that has spun out of control during Zimbabwe's economic crisis. The falling prices have caused stampedes, panic buying and near-riots.
Among those arrested in the latest sweep were the directors of Edgars, a leading clothing and fashion retailer, and supermarket and gas station owners. Also taken into custody were Michael Fowler and Zed Koudanaris, directors of the main food distributor and fast food chain, and Gavin Sainsbury, chief executive of the country's biggest producer of pork products, the state Sunday Mail reported.
The country's economic crisis, the worst since independence from Britain in 1980, began with the seizure of thousands of white-owned commercial farms for redistribution to blacks in 2000. The country's agriculture-based economy collapsed as a result.
Official inflation is running at 4,500 percent, the highest in the world, though independent financial institutions estimate that real inflation is closer to 9,000 percent.
Business executives argue the price cuts threaten to force them to shut down. The government accuses them of being part of a political and economic campaign of regime change to bring down longtime ruler President Robert Mugabe. Police on Friday arrested 17 business leaders.
Store shelves remained empty of corn meal, bread, meat and other basic foods yesterday as police and government inspectors continued raiding shops and businesses to force them obey the new price controls.
At least 200 businesses already have been charged for alleged price violations, and 40 market vendors were arrested for hoarding goods.
TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; News/Current Events
KEYWORDS: africa; atlasshrugged; commiepigs; communism; econ101; economics; freeenterprise; looters; marxism; moreequalthanothers; mugabe; orwell; orwellian; policestate; pricecontrols; ratbastards; robertmugabe; socialism; socialistutopia; totalitarianism; utopia; zimbabwe
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Mugabe and his rat bastard communists first destroy the private economy and free enterprise in Zimbabwe, then they arrest the few remaining capitalists for NOT SELLING their products at a loss.
This is a nightmare scenario right out of a George Orwell novel or an Ayn Rand novel....
To: DogByte6RER
Hope Pelosi doesn’t see this. Might give her some ideas.
This is a nightmare scenario right out of a George Orwell novel or an Ayn Rand novel....
3
posted on
07/09/2007 1:20:12 PM PDT
by
DogByte6RER
("Loose lips sink ships")
To: DogByte6RER
Socialism is rather funny to watch — terrible to live under...
4
posted on
07/09/2007 1:20:25 PM PDT
by
2banana
(My common ground with terrorists - they want to die for islam and we want to kill them)
To: DogByte6RER
The good thing about Zimbabwe is that Mugabe has so thoroughly f**ked things up that change canât be too far away.
5
posted on
07/09/2007 1:21:30 PM PDT
by
Jaysun
(Certified thread hijacker since 7-7-07 (by restornu and blu))
To: DogByte6RER
Who is John Galt?.........
6
posted on
07/09/2007 1:22:40 PM PDT
by
Red Badger
(No wonder Mexico is so filthy. Everybody who does cleaning jobs is HERE!.......)
7
posted on
07/09/2007 1:23:25 PM PDT
by
DogByte6RER
("Loose lips sink ships")
To: Jaysun
It’s like having Jimmy Carter in charge...it’s ludicrous!
8
posted on
07/09/2007 1:24:06 PM PDT
by
mallardx
To: mallardx
Its like having Jimmy Carter in charge...its ludicrous! Jimmy Carter's the one that brought Mugabe to power.
9
posted on
07/09/2007 1:27:57 PM PDT
by
Prokopton
This is a nightmare scenario right out of a George Orwell novel or an Ayn Rand novel....
10
posted on
07/09/2007 1:28:08 PM PDT
by
DogByte6RER
("Loose lips sink ships")
11
posted on
07/09/2007 1:28:54 PM PDT
by
DogByte6RER
("Loose lips sink ships")
To: mallardx
Its like having Jimmy Carter in charge...its ludicrous!
Right. And we have Jimmy Carter to thank for Mugabe.
12
posted on
07/09/2007 1:30:49 PM PDT
by
Jaysun
(Certified thread hijacker since 7-7-07 (by restornu and blu))
To: mallardx
Its like having Jimmy Carter in charge Actually, it was Nixon that tried price controls.
And Carter was one of the idiots that brought Mugabe to power.
And both are still around to cause more problems. At least Nixon's price controls didn't last too long.
To: Jaysun
Can ya’ll expand on that? I think carter was president when he came to power. Has Carter gone down there to legitimize an election or something?
14
posted on
07/09/2007 1:35:04 PM PDT
by
statered
("And you know what I mean.")
To: DogByte6RER
The government accuses them of being part of a political and economic campaign of regime change to bring down longtime ruler President Robert Mugabe.
Ironic. By trying to prevent this, the government is actually hastening it.
To: Red Badger
16
posted on
07/09/2007 1:38:47 PM PDT
by
DogByte6RER
("Loose lips sink ships")
Comment #17 Removed by Moderator
To: Jaysun
18
posted on
07/09/2007 1:40:18 PM PDT
by
DogByte6RER
("Loose lips sink ships")
To: DogByte6RER
All price controls will do is ensure empty shelves. No one is going to sell for a loss. The government can introduce rationing just like has been done in every other communist country. That's the essence of a socialist Nirvana. Misery in common.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
19
posted on
07/09/2007 1:41:52 PM PDT
by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
To: Red Badger
Exactly. Dagny Taggart called them "looters."
20
posted on
07/09/2007 1:52:25 PM PDT
by
DogByte6RER
("Loose lips sink ships")
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