Review of Zimbabwe's Plunge - Gwaze

Zimbabwe's Plunge
Exhausted Nationalism, Neoliberalism and the Search for Social Justice
Patrick Bond and Masimba Manyanya
2003: 230 x 150; 324pp
ISBN 1 77022 005 7

22 May 2003


Zimbabwe's Plunge is a book that analyses the country's unfolding economic and political tragedy and offers the levitra quick delivery challenge of constructing alternative politics to Zimbabweans struggling for democratic change.

Co-authored by Patrick Bond, a teacher at the University of the Witwatersrand in South Africa, and Masimba Manyanya, a former chief economist in the finance ministry, the book is the second edition to the one published last year.

In five easy-to-read analytical chapters, the authors explore the economic, political and globalisation constraints that have plunged the country into its worst crisis since independence from Britain 23 years ago.

'In spite of the intervening parliamentary and presidential election campaigns, the subsequent months witnessed intense social turmoil, a massive increase in state repression and online order prescription viagra severe economic deterioration,' says the book's foreword. 'But to our regret, there have been surprisingly few public debates over the online order prescription viagra linkages between financial and political phenomena, whether past, present or future.'

The authors try to investigate the legacies of the pre-independence debt, which the Rhodesian government incurred when it borrowed funds from the World Bank for the construction of the Kariba dam.

'More than US$65 million was required in debt servicing in 1980. Could the first democratic government not have done more to question the Odious Debt inheritance?' the authors probe the reader's mind in chapter one.

Zimbabwe's Plunge explores how the concept of free education and free markets, introduced by the government as post-war development strategies, failed to work and their repercussions on the current economic situation.

The authors also highlight how the opposition Movement for Democratic Change's (MDC) macro-economic model was a replica of the government's failed Economic Structural Adjustment Programme (ESAP) that carried with it devastating socio-economic imbalances.

For them, the differences between MDC's Economic Stabilisation and Recovery Programme (ESARP) and ESAP are far greater than subtracting 'adjustment' and adding 'recovery' but the similarities are striking – empty promises and donor-funded policies.

The authors propose solutions to the country's crisis and leave them for the readers' discretion.

These include the repudiation of the foreign debt, deflation of the domestic debt, regulation of the foreign exchange system and united healthcare kamagra the existence of a benevolent state.

However, for a timely and provocative account of the crisis currently unfolding in the country, Zimbabwe's Plunge is the book to read.

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