He says the very rich are always manipulating politicians so as to protect their wealth while the very poor with their strong vote pressurize politicians to equitably distribute the wealth.
Politicians in most cases unwittingly or by their own making end up becoming very rich and thus find themselves too busy trying to protect their own interests and siding with the rich rather than the poor.
As an example, says Ariston Chambati, newly independent African countries, opted for centrally planned economies because leaders thought wealth would be equitably distributed.
Instead, the idea backfired with leaders amassing wealth while production was suffering and the countries’ economies slipped into crises.
(62 VIEWS)
The United States lost its place as the most influential global power in Africa last…
The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…
The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…
Zimbabwe’s new currency today fell against the United States for the first time since its…
Zimbabwe’s new currency has wiped out a more than 330% gain on the stock market…
One bane of recent public discourse in Zimbabwe is not only that it is never…