By NAMO PHIRISOCIALISM is unrealistic and alone cannot turn the country’s economic fortunes around, Economic Association of Zambia (EAZ) president, Lubinda Haabazoka has said.And economist, Yusuf Dodia said socialism cannot play the role of improving the economy as a single agenda because development could only come by combining different philosophies.The two were reacting to Socialist Party Presidential candidate, Fred M’membe’s claims that socialism could help change the economic situation of the country.Dr Haabazoka has said looking at Zambia and its social economic development agenda it was quite evident that pure capitalism cannot improve the lives of the people neither could socialism alone.“What Zambia needs is a system that delivers for its people, and that system can only be a mixture type of governance,” he said. “For example the United States of America has printed money ‘and they are giving it to its citizens in form of stimulus packages for them to be able to afford meals […]
SOCIALISM IS UNREALISTIC – HAABAZOKA
