Saturday 12 September 2009

A World Not Really Developing

I have a huge amount of respect for Fred Harrison, regardless of what I suspect might be his political proclivities. He's a man of integrity, wisdom and intellectual authority - which is probably why he characterises himself as a "renegade economist".

He's so good, he saw the British property crash coming long before it happened - but no one in government listened to him, of course, so he certainly has no love for Brown. We have at least that in common.

Well, he's on special form with this truly chilling analysis of the current state of play in some of the southern African nations. South Africa, as I'd suspected, is (as Harrison says) a 'timebomb'. If South Africa goes the way of Zimbabwe, the socio-economic shock it will cause the world will be simply massive.

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