1. The Economic ignorance of GOZ.
Tis well to remember that I have been articulating over the last months with evidence that GOZ, Zanu PF are ignorant of basic economics and lack the common sense to carry out economic policy.
Tis well to remember that I have been articulating over the last months with evidence that GOZ, Zanu PF are ignorant of basic economics and lack the common sense to carry out economic policy.
2. Many have ignored the message while others have attributed GOZ actions to malice and or evil genius. Malicious by way of destroying politicial opponents & ruthless attack on businesses that are seen as political rivals or whose economic success can be seen as political
3. The evil genius is the smart bureaucrats, PAC & political strategists- what Ketan Patel terms “ master strategist” who play four dimension chess and can see the ends years away (2030). So all these moves are calculated and part of a grand power play.,
4. Tis obvious the people don’t understand their politicians and the politicians ignore the people.
Zanu PF and GOZ as institutions are ignorant of basic Economics. They simply don’t have the wherewithal nor constitutive brain power to gasp simply concepts.
Zanu PF and GOZ as institutions are ignorant of basic Economics. They simply don’t have the wherewithal nor constitutive brain power to gasp simply concepts.
5. The latest policy directive is one such example. Never mind the appalling language used. It’s breathtaking ignorance is worse than Gono. It smacks of the war vet who comes back from war victorious,now an adult but cannot add 1+1. Yet because of the gun is now school headmaster
6. When Ecocash started in 2012/2013 the banks were hostile and the market was not keen for its services. Mobile money has been successful in certain markets but not in the majority. Many countries don’t know this animal...
7. The use of the dollar was a natural competitor to mobile money. Carrying extra transaction costs meant Ecocash was relegated to a rural urban money instant money transfer. At the end of the month.
8. Banks realized Ecocash was not a threat at all as RTGS volumes and value dwarfed Ecocash.
The success and increased usage of Ecocash was down to GOZ policy failure. Primarily the introduction of bond notes.
The success and increased usage of Ecocash was down to GOZ policy failure. Primarily the introduction of bond notes.
9. By introducing inflation through bond notes, money supply increased. RBZ pushed electronic money but didn’t back it with notes and coins. Naturally the market moved to mobile, for instant transfer otherwise money loses value. And so Ecocash grew. As a product of policy failure
10. You can’t ban an exchange rate. You can’t coerce the use of the auction rate. It is precisely for these reasons I wrote a theoretical piece on free markets. Not for those whose minds are cast in stone. but for learners& future policy makers link.medium.com/RI8w6cEjE7
