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Showing posts with the label opinions

Autopsy of a Democracy: It’s the Economy, Stupid – Lessons Learned from the 2024 U.S. Presidential Election

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  The 2024 U.S. presidential election stands as a pivotal moment in American political history, underscoring the enduring truth that economic concerns are paramount in the minds of voters. The phrase "It's the economy, stupid," coined during Bill Clinton's 1992 campaign, resonates profoundly in this context, highlighting how economic issues can decisively influence electoral outcomes. The 2024 U.S. Presidential Election will go down in history not just for the political battle waged but for the deeper revelations about a Democratic Party increasingly out of touch with ordinary Americans. While the Democrats once prided themselves on representing the working class, their strategies, rhetoric, and policies in this election cycle revealed a party entrenched in elitism, dismissive of dissent, and blind to the realities faced by everyday citizens. The Republican victory, spearheaded by Donald Trump, emerged not just as a political win but as a referendum against this det...

BRICS: Africa's Path to a New Global Narrative

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The BRICS countries (Brazil, Russia, India, China, and South Africa) are emerging as a major force in the global economy. Together, they account for over 30% of the world's population and 25% of the world's GDP. In recent years, the BRICS countries have been increasingly looking to Africa as a partner for trade, investment, and development. For many African countries, the BRICS offer an alternative to the traditional Western partners, such as the United States and the European Union. The BRICS countries are seen as being more willing to work with Africa on its own terms, and they are not as likely to impose conditionalities on their aid and investment. The rise of the BRICS countries is a significant development for Africa. The BRICS offer Africa an alternative to the traditional Western partners, and they are more supportive of Africa's development goals. This could lead to a more equitable and mutually beneficial relationship between Africa and the BRICS countries. Th...

The Decline of the US Dollar Dominance and Its Impact on Zimbabwe

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For many years, the US dollar has held a dominant position as the world's reserve currency. However, this position is gradually being challenged by various factors, and the implications of this shift are particularly significant for countries like Zimbabwe, which heavily rely on the US dollar. In this blog post, we will delve into the reasons behind the decline of the US dollar's dominance and explore how Zimbabwe can navigate these changes. The US dollar's global dominance stems from various factors that have solidified its position over the years. Firstly, the United States boasts the largest economy worldwide, making the US dollar a natural choice for international transactions. This economic might is further amplified by the stability and reliability of the US financial system, which has engendered trust and confidence in the currency. Reasons for the US Dollar Dominance Moreover, the US dollar's status as the primary currency for commodities, such as oil, has...