Friday, January 18, 2013

EGYPT BECOMING ANOTHER HAITI

Egypt is unable to survive without massive aid from the US and other countries.  So much for the Arab Spring and the leadership of the Muslim Brotherhood.

The cumulative effect is that Egypt is fast becoming a Middle Eastern version of Haiti: a country without meaningful tourism, minimal foreign investment, massive capital flight, and eventually an exodus of its best and brightest. That, of course, will inevitably become a crisis for Egypt’s neighbors, who will be forced to shoulder the political and security burdens of its implosion. But most of all, it is a tragedy for Egyptians themselves, who, having once dreamed of greater political liberalism after Mubarak, have woken up to an economic nightmare presided over by the Muslim Brotherhood.

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