Asset Expropriation Risk Soars in Post-Hyperinflation Zimbabwe

WelcometoZimbabwe

By Chris Becker

The destruction of the Zimbabwe dollar has forced fiscal discipline on the Zimbabwean government, as the public no longer accepts the money that government prints and spends. The public now only accepts monies printed by other governments. As a result, the government is now resorting to outright asset expropriation to steal resources from the private sector.

Socialism is Responsible for the Global Financial Crisis – Not Capitalism

freedom-day

By Herman Mashaba

The other night I watched with interest the SABC 3 news at 19:00, and got a shock while listening to a report from the 24th Socialist International Congress held over two days in Cape Town. My most serious concern was the statement by this conference that capitalism and the free market have failed the world and that they were proposing something else.