Realist, not conformist analysis of the latest financial, business and political news

Zimbabwe’s Sunk To Armed Robbery For Loaves Of Bread

Bad economics will out you know. Adam Smith was right, there’s an awful lot of ruin in a country. But not an unlimited amount. As this shows:

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]So scarce is bread that 500 loaves were stolen in an armed heist last week from a delivery truck in Harare.[/perfectpullquote]

Armed robbers are stealing the bread.

Turns out that taking all the productive assets from people competent to produce with them and handing the goodies over to political favourites doesn’t work. Who could have guessed?

0 0 votes
Article Rating
Total
0
Shares
Subscribe
Notify of
guest
6 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Matt Ryan
Matt Ryan
1 year ago

Everyone not a socialist would know this (no need to guess).

If only the millennials would take a look at what voting for magic money brings…

Boganboy
Boganboy
1 year ago

One does wonder how many times the government of Zimbabwe can do this.

Jonathan Harston
Jonathan Harston
1 year ago

Armed robbery only works when the arms are cheaper than the goods gained.

Yea gods, guns ‘n’ bullets cheaper than bread! In what was the breadbasket of southern Africa.

Quentin Vole
Quentin Vole
1 year ago

Guns are reusable for multiple robberies, ammo not so much.

Jonathan Harston
Jonathan Harston
1 year ago
Reply to  Quentin Vole

Yeah, and how much is a box of bullets? A quick Google shows prices of £20/box of 20 in the UK, so to make the economics stack up a loaf of bread must “cost” more than, say, the £5 of bullets used to “purchase” it. And at a guess, that £20 box of ammo would cost more in Zim, so making the bread even more expensive. Society really is collapsing when food staples cost more than using violence to obtain it.

Matt Ryan
Matt Ryan
1 year ago

Threat of violence rather than use of is the point. Therefore, you don’t need to spend the money on the bullets if you don’t use them.

6
0
Would love your thoughts, please comment.x
()
x