Why the Arab Spring Fails
25% of Egypt's budget goes to price subsidiesEveryone wants to get rid of the quasi-communist Arab socialist dictatorship, but none want to get rid of quasi-communist Arab socialist economy. I mean just think, Egypt a nation right next to Saudi Arabia that produced 630K bbl/d and 48.3 billion cubic meters of natural gas in 2008 cannot refine nor sustain an unsubsidized market for its own energy.
Egypt thinks they are superior to the rest of the A-Rabs and think they can manage on thier own. The last time they had any hint of success is when the English had them as a colony. Just like the rest of the middle east, when you have a bunch of thugs and children with guns the results are predictable. The sad thing is the US supports these goons.
Posted by: Kuffar at July 02, 2013 11:15 AM
Posted by: Kafiroon at July 02, 2013 12:16 PM
This mythical competitor could buy domestic oil, refine it, sell it. Skipping all the transport cost and employing Egyptians. Then the price can fall, will fall because they want the money. They want to compete, they want a piece of the pie.
The wages go back into the economy and you get a capitalist feedback loop, an improving standard of living.
I hear you on Saudi, neighbor kids dad worked there, says of they had to produce the oil, it would stay in the ground.
Posted by: Howie at July 02, 2013 01:36 PM
Posted by: Kafiroon at July 03, 2013 11:47 AM
The farmer sees the job as not back breaking labor in rice fields, but as more money to keep his family alive than rice farming.
That process sure helped all the black South Africans when the USA jobs left them. /sarc. off
Posted by: Kafiroon at July 03, 2013 11:52 AM
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