Monday 16 July 2018

"With no fiscal stability nothing works," says Cross - no political stability matters the most P Guramatunhu


“My first call on my bucket list for Zimbabwe was fiscal stability and discipline, the second was monetary stability and predictability. This week on Monday the informal rate of exchange for the RTGS dollar was 1.90 to 1. That is an effective devaluation of 12 percent in a week,” wrote former MDC MP, Eddie Cross, in Nehanda Radio.  
“Two to one looks as if it’s just around the corner. Inflation will follow – that is why these fundamental macro-economic issues are so important to everyone. In fact, I will be blunt – unless you get these right, nothing else works.”
Yes, “fiscal stability and discipline, the second was monetary stability and predictability” are very important but they are not the most important challenge in Zimbabwe. Dismantling the Zanu PF dictatorship to create an open dynamic and democratic system of government is the number one priority.
Mr Cross and his fellow MDC leaders had the golden opportunity to implement the democratic reforms which would have completely dismantled the Zanu PF dictatorship. They five years in the GNU and yet failed to get even one reform implemented.
Yes, MDC’s presence in the GNU did bring some much needed fiscal and monetary stability but with even that was only to a very limited extend because there was very little foreign investment. With no meaningful political reforms on the ground, every could see that Prime Minister Morgan Tsvangirai was nothing more than a glorified Office Messenger with a fancy title and so too were the other MDC ministers. Mugabe and his Zanu PF cronies had all the political power.
With no reforms in place, Zanu PF went on to rig the 2013 elections and restore its iron grip on power. The very day the elections results were announce the Zimbabwe Stock Exchange index tumble by a warping 35%, everyone was fearful of the economic chaos that was certain to follow.
Whatever economic gains Zimbabwe had made during the GNU they were lost as soon as Zanu PF returned to power.
Seek ye first the political kingdom and all things shall be added unto you,” said Dr Kwame Nkrumah, first President of post-independent Ghana.
Mr Eddie Cross and his fellow MDC friends failed to understand the essence of Dr Nkrumah’s message. SADC leaders tried their best to remind the MDC leaders of the need to implement the democratic reforms but their advice fell on deaf ears.
“I will be blunt – unless you get these right (fiscal and monetary stability), nothing else works!” Even with the benefit of hindsight, he still does not get it – without political stability nothing else matters!  

4 comments:

  1. Fiscal and monetary stability are important but nothing compared to the need for political stability. During the GNU MDC did bring some fiscal and monetary stability but failed to implement even one democratic reform and thus failed to bring political stability. The little economic gains of the GNU quickly evaporated in 2013 after Zanu PF rigged the elections.


    Even now with the benefit of hindsight MDC leaders still fail to understand the importance of political stability and hence the seriousness of their failure to implement the reforms. It is MDC leaders' fault Zimbabwe is still stuck in this economic and political mess.

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  2. @ Gava Mufambi

    Any analysis that fails to acknowledge that Zanu PF is rigging these elections is not even worth a minute of anyone with half a brain's time. There is a mountain of evidence to prove these elections are being rigged - the lack of a free public media, no clean and verified voters' roll, Zanu PF having billions of dollars from looted public resources to bankroll its vote rigging machine, etc. - only an idiot would ignore the evidence and pretend these are normal elections.


    No doubt the day after the voting is done, the village idiot will finally acknowledge the elections were rigged!


    Zimbabwe cannot afford another rigged elections much less allow Zanu PF to get away with it. By pretending these are normal elections these village idiots are giving these flawed elections some modicum of credibility and the smoke screen Zanu PF needs to hide the vote rigging.

    "To explain the above I will use the ‘in-house enemy theory’ whereby the perceived enemies who are likely to threaten your campaign are your erstwhile Comrades!"

    What in-house enemy theory, are you prattling about when you do not even have the common sense to see what is before your nose!

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  3. For all the advantages one would think MDC leaders like Eddie Cross, Tendai Biti Nelson Chamisa, etc. got from having a good education they have continued to be shockingly corrupt and incompetent. Others like the late Tsvangirai and Mwonzora one can see they are just too stupid, how they even got hold high public office is a complete mystery.

    Even if MDC was to win these election, win rigged elections, Chamisa and his lot would never implement the democratic reforms, even if their own lives depended on it. How can they implement something they do not understand! Eddie Cross is showing just how shallow thick and slow these MDC leaders are.

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  4. MDC Alliance leader Nelson Chamisa has boasted the country's military was on his side as he takes on President Emmerson Mnangagwa in a crunch Presidential election in two weeks' time.

    The Army has been involved in the vote rigging shenanigans for years; they were certainly not on the side of the common person then. Is Chamisa suggesting the Army has gone through some Damascene transformative moment since. Mugabe thought the army was on his side until the small hours of 15 November 2017!

    Chamisa is confusing wishful thinking with reality. No wonder MDC failed to implement any reforms during the GNU when they had the golden opportunity to do so.


    If we are serious about having an independent and apolitical Army then we must implement the democratic reforms and sort this once and once for all.

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