print-icon
print-icon

Remembering Rhodesia

Portfolio Armor's Photo
by Portfolio Armor
Tuesday, Jul 23, 2024 - 23:43
ChatGPT4o's take on Rhodesia in the 1970s.

Rhodesia And The Decline Of The West

Will Tanner had an excellent thread on X on what happened to Rhodesia, and the lessons it holds for the West today. I've shared it in full below, followed by a link to excellent essay by Helen Andrews on what happened next. 

Before we get to that, a quick follow up on yesterday's post ("Why They Forced Forced Biden Off The Ticket"). In that post, I linked to a Bitcoin-related trade idea, ahead of Trump speaking at the Bitcoin conference this weekend. I added another crypto trade in the Portfolio Armor Substack on Tuesday, which you can read about here

Trading imagery.
Click on the image to go to the post.

Now on to Tanner's excellent thread. 

For Further Reading 

Helen Andrews' essay Zimbabwe's Trauma is an excellent complement to Tanner's thread, if you'd like to learn more. 

I'll leave you with just a brief excerpt from it, addressing a few misconceptions about Rhodesia: 

It was, for precisely this reason, a waste of breath for Rhodesians to defend their regime on the facts — and, to be fair to them, they had no shortage of facts on their side. Secondary-school attendance among black Africans was higher in Rhodesia than anywhere else on the continent in 1960. Spending on African education tripled in the seven years before Rhodesia’s Unilateral Declaration of Independence (UDI) in 1965. A quarter of the students at the integrated national university were black. Apart from its anomalous neighbor to the south, Rhodesia was the only sub-Saharan country where manufacturing accounted for more than 10 percent of GDP — one reason why, in the 1950s, real wages for black Rhodesians rose 40 percent in just five years. A booming economy meant that fewer blacks were willing to resort to the poorly paid domestic work that had long been a social flashpoint (and, it must be said, a magnet for politically reactionary white immigrants eager to live the grand colonial lifestyle on the cheap). Prosperity also produced such fashionable black suburbs as Marimba Park and Pelandaba, which observers admitted “compare very favourably with the best that can be found in England anywhere.”

Those who set material prosperity at naught compared with dignity and justice found Rhodesia equally ready with answers. The franchise was, and had always been, colorblind: Fifty Africans qualified for Rhodesia’s first election in 1923; 500 in 1953; and 65,000 under the two-tiered system in 1962, including 5,500 on the “A” roll (the more exclusive in Rhodesia’s two-tiered voting system based on property, income, and education). Racial discrimination in wage negotiations was abolished in 1959. Post offices and public swimming pools were integrated around the same time, and by the early 1960s white liberals in Salisbury were privately complaining that movie theaters and restaurants were abandoning the color bar faster than they could plan their sit-ins.

This history is worth remembering when hearing calls today for "racial justice". 

 

If you'd like to stay in touch

You can follow Will Tanner on X here, and his American Tribune here

You can follow Helen Andrews on X here, and check out her website here

You can scan for optimal hedges for individual securities, find our current top ten names, and create hedged portfolios on our website. You can also follow Portfolio Armor on X here, or become a free subscriber to our trading Substack using the link below (we're using that for our occasional emails now).

Contributor posts published on Zero Hedge do not necessarily represent the views and opinions of Zero Hedge, and are not selected, edited or screened by Zero Hedge editors.
0

NEVER MISS THE NEWS THAT MATTERS MOST

ZEROHEDGE DIRECTLY TO YOUR INBOX

Receive a daily recap featuring a curated list of must-read stories.

Loading...

Want more of the news you won't get anywhere else?

Sign up now and get a curated daily recap of the most popular and important stories delivered right to your inbox.