It could be worse…

Oct 9, 2008

the peoples of the advanced industrial countries could live in Zimbabwe.

Zimbabwe’s annual inflation rate – already the world’s highest – has soared to 231,000,000%, newly released official figures for July show.

The rise – from 11,200,000% last month – was largely due to increases in the prices of bread and cereals.

A landmark power-sharing deal between President Robert Mugabe and opposition leader Morgan Tsvangirai has failed to ease the country’s economic crisis.

I bet the Icelanders didn’t realize that they had it so good.

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Daniel H. Nexon is a Professor at Georgetown University, with a joint appointment in the Department of Government and the School of Foreign Service. His academic work focuses on international-relations theory, power politics, empires and hegemony, and international order. He has also written on the relationship between popular culture and world politics.