Egypt's military, an economic giant, now in charge
""It owns companies that sell everything from fire extinguishers and medical equipment to laptops, televisions, sewing machines, refrigerators, pots and pans, butane gas bottles, bottled water and olive oil.Read the rest of the article HERE
Its holdings include vast tracts of land, including the Sharm el-Sheikh resort, where ex-President Hosni Mubarak now resides in one of his seaside pala-ces. Bread from its bakeries has helped head off food riots.
"It's a business conglomerate, like General Electric," said Robert Springborg, professor of national security affairs at the Naval Postgraduate School in Monterey, referring to the Egyptian military. "It's represented in virtually every sector of the economy."
So is what's good for Egypt's GE good for the country, now that the military is, at least temporarily, in formal control?
In a September 2008 classified cable recently released by WikiLeaks, U.S. Ambassador to Egypt Margaret Scobey wrote, "We see the military's role in the economy as a force that generally stifles free market reform by increasing direct government involvement in the markets."
The cable noted "the military's strong influence in Egypt's economy," with military-owned companies, often run by retired generals, "particularly active in the water, olive oil, cement, construction, hotel and gasoline industries." ""
Personally, I find the military control of Egypt to be quite disheartening and even frightening. To overthrow a leader and then leave the country in the hands of the military, even temporarily, seems like a bad idea.
ReplyDeleteTo learn how much the military controls the economy... things may not be looking good for Egypt right now.
I have hope. I think the recent statements by the military in regards to free elections were encouraging. And they seemed to support the protest movement toward the end. It's too early to predict, but hopefully a democratically-elected leader can dismantle the military-economic complex. Their control is impressive: some estimates put Mubarak as the world's richest man.
ReplyDeletePerhaps the revolution in Egypt for a free people cannot be summated and closed at the removal of Mubarak from power. What are the people really fighting for? They want freedom, whether economic, social, or political freedom and I believe that the spirit of their revolt will not rest until a general consensus among the people has been made to indicate that that freedom has been obtained.
ReplyDeleteOn a different note, this situation reminds me a little bit of the movie Valkerie where the plan was to assasinate Hitler and place the German Military in charge of the nation.