Bringing back the good times! |
Apparently having nothing else to do given the prevailing safety and security Egypt enjoys these days, the Egyptian military has decided to have its production arm restart manufacturing of the country's very own crap-mobile, El Nasr. If anything exemplifies the utter failings of Nasserist economic policies, it is the junk car produced by the state-owned El Nasr Automotive Manufacturing Company (NASCO). Notwithstanding the advantages of massive tariff barriers, subsidized production and an effective monopoly on the domestic market for over two decades, NASCO was forced to mothball production lines in 2009, as finicky consumers turned to better produced and cheaper cars.