“ انه الاقتصاد، غبي“, “It’s the economy, stupid!”

www.frontporchrepublic.com...

“Predictions,” saith The Philosopher (Yogi Berra) “are always dangerous, especially if they concern the future.” And I might add (not being nearly the philosopher that Yogi is) that the predictions we make about the future are dependent upon the stories we tell about the present. The stories will attempt to cover the facts, but the facts always bear different interpretations; the art of history is essentially the art of good story telling.
_______________________________________________________________________________
The signs that say “Mubarak Out” should really say “ انه الاقتصاد، غبي“, “It’s the economy, stupid!” (Lest anyone overrate my erudition, that comes from Google Translate.) But for some reason, people are reluctant to frankly admit their own economic interests; it seems more respectable to say, “I want to vote” than to say, “I want to eat.”
_______________________________________________________________________________
So here are two scenarios: one leads through democratic enlightenment to peace and prosperity, and the other through intractable economic problems to war and disintegration. Choosing one will get you labeled an optimist, choosing the other a pessimist. It remains in the future to see which one will be labeled the realist.

I really have nothing more to add because this piece by the FrontPorchRepublic says it all.

However there is one thing worth mentioning and that is the fact that the economy is the leading factor in the Middle East uprising and it will be the economy that decides its fate.

reply to post by Misoir


That means if our economy gets too bad this WILL happen in the USA. I knew that somewhere a revolution was about to begin. I was wrong about the country I could feel it all the way back in 2010 only I thought it would be closer to home.

reply to post by Misoir


IMO, the "Realist" in me says: Now, Egypt has lost one of its greatest sources of income for its people, *tourism,* for a indefinite time--contigent on how the government and security progress or digress.

Yes, everyone hopes for the outcome of idealism; but perhaps it is not obtainable when the global meltdown is considered...when the "superpowers" begin to fall, surely countries like these will do so markedly.

The *educated* yet, still fairly "middle-class" (due to their families) want the change, and we can only hope that something good will come of this.

The very poor, *uneducated* are even worse off now because there are no more tourists for them to escort around the ancient sites via horses, camels, bikes, cars, etc. Some were making several hundred a month--which was reasonable to them considering the Egyptian monetary standards...

Let me add this to your narrative Misoir:

From my FB page:

The Federal Reserve's policies may be a driving force, in large part, of the unrest and turmoil in the Middle East. Listen carefully:

MSNBC Video:

Watch this and we can actually start to see how it all connects
-----------------------------------------------------------------------

Our policy of exporting inflation is destroying the rest of the world.. Eventually people are gonna wake up to this and send those dollars right back to us, and replace it with something more Stable.

China is poised, this is the start of the dollar crisis in my opinion.

reply to post by projectvxn


All that MONOPOLY money still dictating terms!