ISSUES....
Inside, confidential, off the record

 

Hanging on

The election results are still not in from Zimbabwe, and Dr. Mugabe is now resorting to abject violence in a last ditch attempt to remain in power. Yesterday, the offices of the oppositions party in Harare, the nation's capital, was ransacked, and although it is not clear that Dr. Mugabe's men were responsible, clearly they were. We, however, do not doubt for a moment that Dr. Mugabe will try to blame the opposition for the troubles, and will be very surprised were he not to say that the opposition party itself ransacked its own office, hoping to blame the ZANU-PF for the problems. Nothing in Zimbabwe is as it seems except for Mugabe's blind desire to remain in power. In the nearly three decades of his rule, Mugabe has succeeded in taking this once verdant, "bread basket" of southern Africa and turning it into a "basket case" instead. Zimbabwe, when it was Rhodesia, exported maize, and tobacco and wheat and coffee and amazingly high quality cotton around the world. It fed itself and scores of other nations. Its goods were sought after, even despite the fact that Rhodesia was anathema politically because of its racist regime in power at the time. Now, it cannot come close to feeding itself. Now it must instead be fed. And yet, Mugabe has his supporters, who've worked to keep him in power. Certainly it helps that the Army's leadership remains very, very loyal. .

-Dennis Garthman/The Gartman Letter/ 04 04 08

- For more on interesting comments, you can subscribe to The Gartman Letter by contacting Dennis Garthman: Phone 757 238 9346, Fax 757 238 9346 or dennis@thegartmanletter.com

Petroleumworld News 04/04/08

ISSUES.... Is an independent journalist effort from Petroleumworld, on Inside, Confidential
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