It’s the (Egyptian) economy, stupid

Without economic stabilization, a new and improved Egyptian democracy will collapse just like the old one did

By
July 8, 2013 14:44
Anti-Morsi protesters celebrate in Alexandria, June 7, 2013.

Anti-Morsi protesters in Alexandria 370. (photo credit: REUTERS/Louafi Larbi)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

There’s nothing Israel can do about the fragile situation in Egypt except beef up its forces in the south and be prepared to contain any spillover violence. But since it has no interest in yet another failed state on its borders, there’s something very important it should be urging its Western allies to do: worry less about a new constitution and inclusive democratic processes and more about urgently reviving Egypt’s economy. For without economic improvement, the best constitution in the world won’t be able to stabilize the country.

To understand why, it’s first important to understand what last week’s popular revolution-cum-coup was really about. It wasn’t an uprising by would-be liberal democrats infuriated at the Muslim Brotherhood’s authoritarian, anti-democratic behavior in power: Though this behavior undoubtedly angered many Egyptians and played a role in driving them into the streets last week, for many, it was a secondary motive. Nor was this a coup by anti-democratic forces seeking to gain by force what they couldn’t gain at the ballot box, though this motive, too, surely animated some of the estimated 14 million demonstrators. But for most, the motive was something much simpler: economic desperation.

Read More...

Related Content