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:

So scarce is bread that 500 loaves were stolen in an armed heist last week from a delivery truck in Harare.

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?

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Matt Ryan
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Matt Ryan

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
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Boganboy

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

Jonathan Harston
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Jonathan Harston

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
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Quentin Vole

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

Jonathan Harston
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Jonathan Harston

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
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Matt Ryan

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.