Monday, February 27, 2012

Left Behind: Egypt's Hopeless Socialists

The self-appointed leftist guardians of the Egyptian “revolution” are as na├»ve as they are intellectually bankrupt. Their vast overestimation of their evidently limited appeal, combined with their patently inadequate political capabilities, have allowed for Islamists to manhandle the social and political scene.

Tired defenses of adverse domestic and foreign agendas are made even more redundant when the Left tries to conjure up an excuse for an economic agenda. They resist acceptance of IMF loans at a fraction of the rate of domestic borrowings, while campaigning to “drop Egypt’s debt” (note to the uniformed – Egypt already has benefitted from unmatched and massive rounds of debt relief from supposedly evil Western creditors, negotiated under the watch of Egypt’s supposedly debt-crazed past governments). They now oppose the prospect of a free trade agreement with the European Union, Egypt’s largest export market, because “local shoemakers and cobblers will be out of jobs, which will set back the economy far more than the few cents consumers save buying the foreign made shoes.”

Fortunately, few in Egypt believe in empty economic sloganeering (even if opportunists are willing to play along to advance their own agendas of self preservation). Egyptians have been there and done that for decades under failed policies of “social justice” under Nasserism, which witnessed the precipitous deterioration of Egypt in real and relative terms.

History has passed by the Left; Egypt has moved on.  

Get on board, or be left behind

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