HAS Reserve Bank governor Gideon Gono ever studied economics at all?
Has he ever at least interacted with great economists like Lovemore Kadenge, Eric Boch and so
on? I wonder!
Gono’s is warped economics. The man in his interview with the New African magazine (June 2005 issue) exposed his glaring hollowness in simple economic principles. No wonder he has the likes of clueless Joseph Chinotimba in one of his many sub-committees of the RBZ advisory team – the pricing and incomes sub-committee.
Surely how can a man of his stature cite drought as an example of the so-called sanctions that this country has been slapped with by the West? What a shame!
For the benefit of those who might not have read the June New African magazine, below are excerpts of his interview:
New African: “Still on sanctions, could you list some of them as people out there do not know. An idea has been spread around the world that Zimbabweans are bad managers of the economy, and that you are suffering because you are bad managers of the economy.”
Gono: “The one thing that human beings are good at is to criticise even from so far away without knowing the circumstances and reality of the situation. But let me give you a few examples, and let’s see what the people who claim to know better would have done in the circumstances.
“Since 1901 and right to this day, because of global warming Zimbabwe’s rainfall pattern has been on the decline. Remember the country’s economy is agriculturally based. We are facing a drought situation again this year. In 2000, like Mozambique, we faced floods.
“On 26 December last year, the whole world woke up to a catastrophe of unimaginable proportions in the form of a tsunami. Now, would the critics say ‘you should have known that there would be a tsunami and therefore you should have prepared better’?
“Please, there are some natural phenomena that nobody can do anything about, that is the difference between man and God. So let’s not try to play God out there in our evaluation of situations.
“Indeed, I am not painting a glorious picture of our performance over the last 25 years. There are certain situations or certain policy interventions that, with the benefit of hindsight, we acknowledge we could have done them better.
“But economics is never an exact science, it is never perfect because we are dealing with human beings, and if you can tell me that anyone can predict how his neighbours, child or wife is going to think or behave tomorrow given certain circumstances, then I will give that person the world.”
What a shame! The man should certainly go back to the kitchen. He is just incredibly shallow.