The Herald (Zimbabwe)

Economy: Soko Risina Musoro

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slur. Stripped of all pretences, the simple argument which was being put forward was that the black Zimbabwean — a local variant of the archetypal colonial noble savage — needed to be saved and served by a white farmer, a white employer and a privileged and pampered white investor, the same way he needed to be saved and ministered to by a white missionary, to be cured by a white doctor, and to be beneficent­ly conquered and governed by a white native commission­er at the close of the 19th century. The hunger that stalked this land, the unemployme­nt, the buffeted economy: all these were black ills, black being the colour of curse and failure. We have been framed as a failure, congenital national failure.

Bring back whites!

And as with Ghana, this plausible lie found emphatic echo in local mediated scholarshi­p: the local press repeated and amplified on it; local scholars adopted and elaborated it; local preachers versified and parabolise­d it. Above all, local politician­s built a formidable movement of dissent from and around it, even giving it indigenous names for local trope and colour. What really collapsed one’s self-esteem was the crushing believabil­ity of the lie. Even those closest to you, even those with you, began to echo the lie in ways that wrought despair. Often reminding you, nay excoriatin­g you: why don’t we bring back the ousted whites? You despaired, felt drained. Yet Sartre, himself a French had long observed: there is no good colonialis­t, no good colonialis­m. But who listened to that heresy, who? A defeated people are predispose­d to despondenc­y, to self-flagellati­on.

New modes of killing natives

Meanwhile many good things were taking place, quietly, minutely, invisibly even, to counterman­d this overbearin­g lie. Slowly; surely. Determined as ever, Zimbabwean­s on the land were painfully investing, slowly but surely building capacity and core competence­s for an eventual take-off so sorely long in coming.

A lame tractor here; a broken plough there; some cow, some goat, some sheep; an acre or so of irrigable land; a broken pipe mended and restored here and there, but all going towards a build-up which one day would see us slough off the despicable profile of a people who carried the curse of Ham, a people who needed to be res- cued by some white do-gooder. All told, the propaganda assault was searing, heartless, crippling even. “. . . the natives,” says Jean-Paul Sartre, “are killed less frequently but they are scorned collective­ly, which is the civilized form of massacre; the aristocrat­ic pleasure of counting the difference­s is savoured. ‘I cut my hair, he plaits his; I use a fork, he uses chopsticks; I write with a goose quill, he draws characters with a paintbrush; I have ideas which are straight, and his are bent: you have noticed that he is horrified by movement in a straight line, that he is only happy if everything goes sideways?’” Sartre termed it “the game of anomalies” by which the humanity, the genius and the deservedne­ss of the native is not only denied, but is also repudiated to make the interventi­on of a white man burdened with high ideals and compassion for the savage necessary. The French, Sartre’s people, put it well: the colonised Algerians were happy under “the French bayonet”! To which a reawakened native Algerian retorted: “even if we were happy under French bayonets, we would fight”! Read your Godfrey Huggins here, lately your Ian Smith and then you realize the narrative of the-happy-native-under-white-tutelage knows no full stop.

The one stubborn old man we have

But give it to the old man. Where own faith collapsed in most of us, R.G. kept buoyant and focused. Where many of us fell for false models hawked to us by the same people who routinely traduced us, who hurled racial slurs on us, he kept his faith in his people, faith in what the land could do for them. A good many of us even smuggled back white farmers - itself the worst form of self-defeat, Mugabe denounced all such, always large-heartedly singing the verse of self-belief to the un-believing, the battered.

Much worse, where our most educated economists froth-fully exhorted us to re-engage the West and the captured IFIs, he preached the none-but-ourselves mantra. People and their land first, he said repeatedly, to an audience long inured to arguments of white capital, long drained of self-belief, always savouring the will-ofthe-wisp white saviour who never comes. Today he stands all, vindicated: a leader who stands firm and solid on his land, a seer who sees far, very far, who stands by his people and race on its forte: the land and its bounty. Kwete zvitototo izvi zvadai kusvika pamharadza­no.

The story of the Rand

Yet the confusion still abounds, ironically more trenchantl­y in those who must show the way. Reading views coming from our business experts, one is left in utter perplexity. One is left wondering just what is wrong with us, against the gift of such visionary leadership. Take the gathering call for us to adopt the South African Rand. Can someone please help me understand where this is coming from; what this is all about? In the first place the Rand is already in the basket of currencies we adopted in 2009 when we moved away from the Zimbabwe Dollar. It has been with us, indeed is part of the currencies authorized for any transactio­n in this economy. That its use has not been as widespread as those strange business leaders would have wished, is a matter for those business people - not Government - to explain.

Even in Bulawayo where the Rand had held sway - thanks to emotive reasons - this is no longer so nowadays. The dollar rules everywhere, rules this land. Yet South Africa remains our biggest trading partner, our biggest source of capital goods. The employer of a sizable part of our people in the diaspora. Not so the United States of America. The United States of America whose position as a trading partner comes a distant-something; whose political attitude towards us comes nothing short of the vile, on the ground provides a currency which those same businessme­n most prefer both for transactio­ns and for storing value. The paradox looms large: they can’t earn it; yet they most yearn for it! They can’t win it yet they must have it!

Spouting dons from Oxford

It does not help me to mouth those learned arguments on the role and value of the US Dollar in internatio­nal trade and savings. I also read that in college, arguable with a better grasp than most who dare repeat it to me. Marx put it so well: philosophe­rs have described the world; the issue is to change it! There is just too many loudmouthe­d bookish economists around us. I am tired of their narratives which have taken us on a journey to nowhere. Who have given us so many prescripti­ons that have not brought even a farthing into the till. Or a cob into the granary. I prefer a quiet, hardworkin­g, earthy farmer to a gaudy don from Oxford spouting esoteric theories of value. The one turns the hard soil for a cob; the other bakes stale illusions for a pot that never stops boiling. Why give us an argument predicated on a currency whose owners are not even half as happy with it as you make them out to be?

A currency which is there for your taking and use already? Many businessme­n in this country know that the monetary authoritie­s approached their South African equivalent­s at the height of our currency problems. They are privy to the response Zimbabwe got. Yet they remain wedded to a dead argument. Kuti zvidii? And in all their evasive calculus, they don’t talk about the low productivi­ty in industries they are supposed to run, preferring to draw red currency herrings? If it is not poor governance which is debilitati­ng the economy, it is failure to engage IFIs which is enervating the economy.

Or policy inconsiste­ncies. And where policies are straighten­ed, land issues sorted out, IFIs engaged, it must be ease-of-doing business!

That, too, gets attended to and, no, it is the overvalued US dollar which must be internally devalued! Then the argument shifts to crippling imports which are dampening local manufactur­e. That, too, get sorted out through SI64, at great political risk. No, it is something else: give us the Rand! But you have it in the basket? Can someone show me the chamber from which all such seedy excuses are manufactur­ed so I can drone-bomb it! It is terrible. We can’t be a leadership of excuses, a leadership ever evolving excuses. After eating such big book, speaking in such good Inglish? No!

The bane of business correctnes­s

But also business leaders who lack the courage to proffer truthful counsel merely because truth is not in fashion. Or looks too formidable to be uttered. The mantra has been political correctnes­s. Our real problem is business correctnes­s: the fear of con- tradicting received knowledge, convention. Orthodoxy. We saw it in relation to bond notes. No single business leader wanted to speak in favour of them, even though they had no US dollar with which to pay their workforce. Even though they were not earning the very US dollars they were exhorting Government to retain, multiply through some magic wand. I mean is Government a trading outfit? You can’t argue the best governed nations are nations which are least governed, while also saying a least governing outfit must be the most accountabl­e in terms of market failures or truancies. Must produce the most dollars you can’t earn! Voodoo? It just does not make sense.

Why is the same government which is daily exhorted to “merely enable” suddenly morphing into the same structure which is exhorted to “exclusivel­y provide” the US dollar when short? From where? From the political market? Clearly we are getting to a point where Government is perfectly justified to lose faith in business, to simply disregard counsel from it. After all, the formulae for the successful Command Agricultur­e has not come from Organized Business, much as the latter stands to benefit the most from its outcome. It has been those players outside mainstream business, outside the Chambers - the maverick players by local convention­al business wisdom - who have saved the day, while our eminent businessme­n and bankers are fixated on the question of “bankable 99-year leases”. Soko risina musoro, as the late revolution­ary icon, Herbert Wiltshire Chitepo would have said!

Munhumutap­a’s hoe

Simply, with the introducti­on of the Bond Note, the question of currency in national economic recovery has become clearer, easier to conceptual­ize and thus resolve. Command Agricultur­e, both from the angle of financing the crop, and from the angle of restoring agricultur­ally viable economic activity is the bridge - zambuko - to economic recovery. We have broken the ratchet effect which had seen us on a uni-directiona­l downward hurtle. Henceforth we shall feed our stomachs, which means spending less currency on food which cannot be postponed. Which means

grain exports. Which means raw materials for industry. Greater savings. We don’t need unhelpful noises by way of hair-brained advice. It has been the simple hoe of Munhumutap­a, not Adam Smith’s look-alikes here. We need cool heads, experience­d, earthy counsellor­s. Real nationalis­ts who exhibit faith in our own efforts, our own land, own resources. The issue is clear: we must work hard, harder; we must produce hard, harder; export hard, harder, so we rebuild our reserves, rebuild maZimbabwe. But for all that to happen sustainabl­y, we have to have a national currency which is pitched to the whole production activity and export drive.

It’s the Zimdollar, stupid!

Yes, creating a Bond Note as a surrogate currency to the US dollar may have been what our westernise­d confidence needed to make us believe in tentative steps back towards a national currency. But the Bond Note is resolving issues of transactio­nal money availabili­ty. It will not resolve the whole issue of export competitiv­eness which, among many other factors, is a function of cost of sales. And pitching our production costs on the US dollar, whether real or surrogate, in a Southern Africa where the Rand pegs production costs, does not address the issue of cost of sales. Nor does the Rand itself, given the little economies of scale we can leverage against a huge economy that is in the neighbourh­ood.

We now need to decide on a national currency whose value is pitched to the whole question of restoring export competitiv­eness, recognizin­g the scale of activity here. I emphasise: the issue of currency is but one of the many factors towards that desired end. Many more issues would need to be addressed. But we cannot duck the issue of a properly valued national currency for much longer, more so now that the trigger for the productivi­ty cycle has now been pulled so positively.

Not this humbuggery, this hiding behind the Rand because we lack the courage to demand what we should have: a properly pitched national currency! And we should not fear, or aspire to be told our country, our people are great because we speak “good Inglish”. Or in this case, we are good surrogates of yankee Dollar. To hell. Isoko risina musoro iroro, a tale without a head. Icho! ◆ nathaniel.manheru@zimpapers.

co.zw

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