Caps on Prices Only Deepen Zimbabweans' Misery

New York Times by Michael Wines | Aug. 2, 2007 (News Report)

Bread, sugar and cornmeal, staples of every Zimbabwean's diet, have vanished, seized by mobs who denuded stores like locusts in wheat fields. Meat is virtually nonexistent, even for members of the middle class who have money to buy it on the black market. Gasoline is nearly unobtainable. Hospital patients are dying for lack of basic medical supplies. Power blackouts and water cutoffs are endemic.

Manufacturing has slowed to a crawl because few ... Full Story »

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3.3

by Tom Cox - Oct. 1, 2008

Another NY Times disappointment, missing the forest for the trees. With the enormous history of price controls and market manipulation to draw on, the Times is somehow unable to find an authority or an historical parallel to say the obvious - that everything happening now was 100% predictable based on Mugabe's policies, and that what happens next is equally predictable. The article leaves the impression that the Times has no idea why things turned out as they have economically in Zimbabwe, nor what might unfold next. Sad.