Look out for early signs of trouble
EDITOR — The recent wave of commodity price hikes caught the nation unawares, raising the question whether or not we are heading back to the hyperinflationary times of 2007-2008.
Flashback 10 years. I remember authorities putting in place legal measures to curb malpractices in commerce and to protect the consumer.
The measures appeared good on paper. Yet, that was the last time we heard of them. Perhaps I need to be schooled on this, but if a policy or legal instrument is introduced, its primary purpose is to remedy a particular situation. Surely, that should happen as and when the threat of such a problem recurring arises.
Fine. If that piece of law cannot and will not be applied in today’s context, authorities and business should agree on a framework to guide market practices.
We all envy the free market, but checks and balances are required to deal with excesses where appropriate.
I, therefore, submit that a special panel comprising Government officials constantly engages business leaders and watches out for early signs of trouble.
The occasional mischief on social media should also be dealt with, and this is where ICT Minister Cde Supa Mandiwanzira (pictured right) comes in.