Ethiopia: An Early Warning for a Famine in 2013

For the past several months, there has been much display of public sorrow and grief in Ethiopia. But not for the millions of invisible Ethiopians who are suffering and dying from starvation, or what the “experts” euphemistically call “acute food insecurity”. These Ethiopians are spread across a large swath of the country (see map above,…

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…

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…