In
an earlier blog I hoped for the possibility that the
Military leaders of Egypt might see the path of economic freedom as a solution
to the economic malaise that forever holds back a sustainable democracy.
Their actions now, while odious, does not preclude them getting a good dictator result, though the courage and clarity of thought to
eliminate subsides and deregulate the economy hasn't shown it self
yet.
August 25th comment
Today's "Other Nations Offer a Lesson to Egypt's Military Leaders" in the New York Times uses Turkey and Pakistan as polar opposite results that can be expected. Why bother with using Pakistan as an alternative model when the Nasser through Mubarak version is the same? I posit that Turkey's better result is from an economy that is relatively free of damaging subsidies and central control. If the Egyptian Generals get a sense of "it's the economy, stupid," then Egypt's path will divert toward the Turkish model. Otherwise Egypt can look forward to continued poverty and despair.
August 25th comment
Today's "Other Nations Offer a Lesson to Egypt's Military Leaders" in the New York Times uses Turkey and Pakistan as polar opposite results that can be expected. Why bother with using Pakistan as an alternative model when the Nasser through Mubarak version is the same? I posit that Turkey's better result is from an economy that is relatively free of damaging subsidies and central control. If the Egyptian Generals get a sense of "it's the economy, stupid," then Egypt's path will divert toward the Turkish model. Otherwise Egypt can look forward to continued poverty and despair.
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