Thursday, 27 January 2011

Egypt

It will be interesting to see what happens if the current popular unrest continues. While I don't think Hosni Mubarak is in imminent danger of being ousted, that could change quickly. I'm occasionally wrong about stuff and Mr Mubarak certainly shouldn't take too much comfort in my opinion. I don't think quoting lefthandpalm at the demonstrators will discourage them, shall we say. And, anyway, I wish them all the best in their efforts. If enough of them get out on the street, and stay out, things might change. Or - perhaps more likely - a lot of decent young idealistic Egyptians will end up dead, hurt or imprisoned. So I certainly won't be blaming them if they do stay at home and the tide of unrest ebbs.

But - playing lets pretend - what if the demonstrations do continue, inspite of police or military repression, what if the army and police decide the tide is running too strongly and Mr Mubarak is told to pack his bags and scurry off to some other place? What fate awaits Egypt then?

Unfortunately, I don't have see much reason to be optimistic. What will probably happen is the bourgeoisie will try to institute a fairly sane, moderately Islamic government, which will seek to pursue a relatively rational policy of state control of major assets, only for them to be bullied into 'embracing' radical Freidmanite freemarket voodoo economics by the IMF, resulting in mass impoverishment and declining standards of living for the majority, the rise of really scarily mad radical Islamists.

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