Ethiopia: The Fakeonomics of Meles Zenawi

There is the economics of Adam Smith, the intellectual father of capitalism. There is Levitt & Dubner’s freakonomics of weird stuff. Then there is the fakeonomics (economics by gimmickry) of  Meles Zenawi, the dictator in Ethiopia and author of the five-year “Growth and Transformation Plan” (GTP). Zenawi forecasts a “not unimaginable” 14.9 percent economic growth for…

Ethiopian Groundhog Year 2010

Originally appeared in the Huffington Post on  12/27/2010 http://www.huffingtonpost.com/alemayehu-g-mariam/ethiopian-groundhog-year_b_801384.html Groundhog Year in Prison Nation In December 2008, I wrote a weekly column entitled “Groundhog Year in Prison Nation” summarizing some of my weekly columns for that year. I used the “groundhog year” analogy following the title of the motion picture “Groundhog Day” in which a…

Ethiopia: The Voodoo Economics of Meles Zenawi

“There are lies, lies and implausible lies,” to quote Meles Zenawi, the dictator-cum-economic spinmeister of Ethiopia. Last week, Zenawi told a snickering Parliament a story that is the equivalent of the proverbial bull that gave birth to a calf (or in Amharic “bere welede”): “We will be seeing an economic growth rate of 10.1 percent…