Lipset’s Law, Egypt and Democratic Transition

Mar 28

One of the most basic reasons why my judgment on events in Egypt during its post-Mubarak transition differs from that of others is my relative pessimism on what can be achieved in the short-term, other than simply securing the foundations for formal democracy.  Based on that starting point, I have given President Morsi wide leeway, because it seems to me that what he has been attempting to do is no more than establish the foundations for a formal democratic regime, one that no doubt will be greatly troubled and flawed, and will certainly fall short of the aspirations of many “revolutionaries,” particularly the youthful vanguard.

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The IMF and the Egyptian Revolution

Aug 22

Christina Lagarde, head of the IMF, was in Egypt today to negotiate with the Egyptian government the terms of a new $4.8 billion loan.  Predictably, many Egyptians are suspicious.  An Egyptian economist, Wael Gamal, who has solid revolutionary credentials and is economically progressive, writes on Egypt’s economic affairs for al-Shuruq, a leading independent Egyptian newspaper.  He has come out strongly against the proposed loan, first, in a piece in the Shuruq, and again on his blog.

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