• 10:53
  • Wednesday ,02 January 2013
العربية

The collapse of the Egyptian economy

Sobhi Foad

Article Of The Day

00:01

Wednesday ,02 January 2013

The collapse of the Egyptian economy

Some opponents of MB rule think that the collapse of the Egyptian economy, and state bankruptcy is at hand, which will cause unprecedented chaos and famines all over Egypt. They think that this will lead millions of both angry and hungry people to revolt against the Islamists as well as destroy their headquarters and businesses. However, I myself consider this totally faraway. I think that such chaos and bankruptcy will work in favor of the Muslim Brotherhood, serve their political and economic interests, and enable them to take complete control of Egypt.

MB could use religion to ensure the loyalty of the poor, even if they are hungry or broke. MB could wash their minds and convince the poor that their sufferings will be rewarded greatly by God in paradise!
 
I think that such economic collapse will serve MB and help them seize the vital Egyptian institutions, as they will be able to buy a lot of factories, companies and hotels really cheap.
 
Such unstable political and security conditions will only allow MB investments return to Egypt to buy everything really cheap. This will ensure MB dominance of the Egyptian economy, after they had dominated the political scene.
 
Last week, newspapers said that MB vice president, Khairat al-Shater, have bought a big hotel that worth 50 million dollar for only 5 millions.
 
Furthermore, we hear about thugs attacking hotels like "Semiramis" or "Shepherd", for no good reason save to force its owners to sell them and flee. Businessmen like Naguib Sawiros, Mohammed al-Amin are defamed in order to force them out of Egypt, and to buy their factories and hotels really cheap giving MB great opportunity to monopolize the Egyptian market and economy. Having both economic and political powers will give MB at least 50 years in power.
 
The solution to this dilemma and to save Egypt from its new invaders is either: to declare a civil disobedience, which is not likely to happen for the Egyptians are peaceful and dependent, or having a military coup, and that is likely to happen because of the exclusive economic interests of the Egyptian Army that are threatened by MB policies.