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The Egyptian Uprising Is a Direct Response to Ruthless Global Capitalism

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Donnachaidh Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-04-11 12:42 PM
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The Egyptian Uprising Is a Direct Response to Ruthless Global Capitalism
http://www.alternet.org/news/149793/the_egyptian_uprising_is_a_direct_response_to_ruthless_global_capitalism

The revolution in Egypt is as much a rebellion against the painful deterioration of economic conditions as it is about opposing a dictator, though they are linked. That's why President Hosni Mubarak's announcement that he intends to stick around until September was met with an outpouring of rage.

When people are facing a dim future, in a country hijacked by a corrupt regime that destabilized its economy through what the CIA termed, "aggressively pursuing economic reforms to attract foreign investment” (in other words, the privatization and sale of its country’s financial system to international sharks), waiting doesn’t cut it.

Mohamed Bouazizi, the 26-year-old Tunisian who catalyzed this revolution, didn’t set himself on fire in protest of his inability to vote, but because of anguish over his job status in a country with 15.7 percent unemployment. The six other men in Algeria, Egypt and Mauritania who followed suit were also unemployed.

Tunisia’s dismal economic environment was a direct result of its increasingly “liberal” policy toward foreign speculators. Of the five countries covered by the World Bank’s, Investment Across Sectors Indicator, Tunisia had the fewest limits on foreign investment. It had opened all areas of its economy to foreign equity ownership, except the electricity sector.

More at the link --
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blindpig Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-04-11 01:13 PM
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1. Yes, indeed.

At the end of the day it's all about economics, how could it be otherwise?

There is no separating money from power, though the money is desperate for us to believe otherwise.
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ladjf Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-04-11 01:14 PM
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2. Without a doubt. Keep spreading the word. nt
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snagglepuss Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-04-11 03:39 PM
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3. It was Gamal Mubarak who spearheaded privatization when he was in
Cabinet which was I believe in 2004 which consolidated his support among very wealthy Egyptians.
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