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Prior to the revolution, there were essentially two factions who…

Posted on April 29, 2014 by Shahid Bolsen

Prior to the revolution, there were essentially two factions who had competing interests in leading the neoliberal divvying up of the Egyptian economy with the multinationals:: Gamal Mubarak and his mafia, and the army.

The revolution and the interim period of control by the Supreme Council of the Armed Forces (SCAF) effectively left the army with no competition…until the Muslim Brotherhood (who have a significant presence in the private economy) suddenly rose to a position from which they could potentially manage the neoliberal program.

The reality is that economically, very little changed during the tenure of President Mursi, and his administration was following the neoliberal path. This was true to such an extent that businessmen and members of congress came to visit to discuss investment, and left saying that the new government “talks just like Republicans”. There were some signs of reluctance, however, such as hesitation to sign agreements with the IMF, but the basic concepts of the neoliberal agenda were unavoidably accepted. This is not surprising. Any government is going to be bound to adhere to the imperial program.

The army reverted to their earlier fear that the privatization programs and liberalization would endanger their stake in the economy and that their position and assets would be taken over by Ikhwan-affiliated companies.

Thus today we have #Coup_Inc

#الانقلاب_ش_م_م

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