15 Years After Land-Grabs, Mugabe Invites White Farmers Back To Zimbabwe

Jon Alternative Media, Blogosphere, Ecology, Economy

File this one away in the “when populism backfires” folder.
A little over a month after announcing that the Zimbabwean dollar – which, you’re reminded, was phased out in 2009 after inflation rose modestly to 500 billion percent – would be demonetized and exchanged at a generous rate of $5 for every 175 quadrillion, Zimbabwe will for the first time rethink the sweeping land grabs which began in 2000 and subsequently crippled the country’s economy.
Many Zimbabwean farmers who have stopped growing food in favor of “green gold” (tobacco) fear they will starve this winter after a severe drought and a generalized “lack of knowledge” left them with a subpar crop that fetched little at auction. Here’s more from Rueters:

This post was published at Zero Hedge on 07/23/2015.