Indigenization and Economic Empowerment Bill - Criticisms

Criticisms

The MDC had claimed that the bill was simply a ploy by Mugabe’s parties to win votes in the elections. Other critics argued that the bill would only bring money to a few elite Zimbabweans instead of the mass amounts of impoverished locals that were promised to benefit from the bill. Many economists worry that this new law will be the end of Zimbabwe's already rapidly failing economy. Zimbabwe currently has the world’s highest inflation rate at more than 165,000 per cent. Many Zimbabweans worry that the Indigenization and Economic Empowerment Bill is too late to do anything at this point. Zimbabwe once had many prosperous growth centers, shopping centers built in rural areas as a way to bring in urban facilities to people who would have had to travel miles to get to a city. Now, these rural areas have completed regressed back to poverty, because the government has no funds to take care of the centers or build new ones. As the years went by fewer and fewer people were buying things because their purchasing power was being worn away by inflation. Rural construction was becoming less of a necessity and more of a luxury. Shops used to be fully stocked with many commodities, but today shelves are sparsely filled or in some case completely bare.