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Emile M Tubiana

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Why is the Egyptian Economy Unstable?
by Emile M Tubiana   
Rated "G" by the Author.
     
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Why is the Egyptian Economy Unstable ?

We cannot resolve a problem without first looking for its cause. We know the history of Egypt by looking to the past, which is a long story, but if we are starting with King Farouk, who was put in power by the British who at that time were militarily ruling the country the way they wanted, we can see that the king was removed by army generals Nagib and Nasser. Instead of building a strong Egyptian economy, they focused their attention on Israel, which had neither attacked nor threatened Egypt, using a religious pretext, in order to build up their military potential and blind the population.

Fortunately, Sadat was wiser and recognized that his country had nothing to gain from a war, which would only increase Egypt’s debt to the Soviets. He opted for peace and stability, but unfortunately he was killed by the Muslim Brotherhood and later General Hosni Mubarak took over and followed in the footsteps of Sadat, keeping peace with Israel and the entire Middle East for thirty years.
Alas Obama, who just got elected, but had no economic experience, thought he would bring the Arab World closer with what he believed was a good knowledge of the Muslim World. His Cairo Speech is a good indication for his mindset. He has encouraged the Arab Spring without any basis. He hastily pushed Mubarak away, believing that he would succeed in his philosophy. In fact, being that Obama did not plan for any alternative for Mubarak, this brought the worst results, empowering the Muslim Brotherhood, which is not endorsed by the intellectual elite and the entrepreneurial segment of the Egyptian population.  The Muslim Brotherhood only focused on secretly training terrorists in the Sinai Peninsula and politically reinforcing his party and the Hamas. This is the reason why the Egyptian Army stepped in and removed Morsi.
In order to build a country’s solid economy, that country must have some stability, and even so, it takes practical knowledge and years to achieve. From his side, Obama was not able to support an economic rebound in Egypt, being that he was struggling with the US economy.
 Copyright 2014 Emile Tubiana


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Reviewed by Emile Tubiana
Reviewed on March 22, 2014
Dear Mr. Hull,
Your question is irrelevant. I believe you do not know all the reasons of our president’s actions. I think you are politically blinded, and do not see things clearly. I have no intention to explain to you, either my thoughts or my position. I stated my view and that’s all. If you don’t understand, please don’t bother me. Your critique is always out of the subject, as you cannot understand the Middle East, Israel, or the Jews. You allow yourself to criticize the Jews and Israel. Let me teach you a few things. After WWII and after the Jews had suffered like no other people had suffered before, many came to the United States and were sent back to Europe. Had the doors of America been open, less Jews would have dies, and arguably, there would be no Israel today. But now it’s too late to change the course of history. I understand, you cannot tolerate any criticism of Obama, but as a well educated man, you must respect the Constitution of the United States and the freedom of expression. Emile


Reviewed by Ronald Hull
Reviewed on March 20, 2014
Hindsight is 20-20. I fail to understand why you think the President of the United States has anything to do with the Egyptian economy. Certainly, the Egyptian economy is tied to the world economy, and the United States as part of the world economy, and Egypt relies heavily on tourism for its economy, much of which comes from United States citizens.

Speeches aside and prearranged financial aid that has been ongoing long before Obama, this president has purposely not intervened in the turmoil that has occurred in Egypt. Like I wrote to you before, freedom movements like those in the Arab Spring and like those in the American Revolution, are messy and don't happen overnight. You seem to have something against Obama to be blaming him for every problem in the Middle East that he has inherited from a long history of Middle Eastern trouble.

Ron

Reviewed on March 19, 2014
Great article!

Love ya!

Jane

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