"I keep hearing all the talking heads say that Egyptians want democracy. That is a load of crap. Egyptians want liberty. Big difference. But they want more than liberty. There are over 80 million people in Egypt. Over 50% of them are below 30 years of age. At least 75% of those people are unemployed, barely surviving. They want to move forward economically.
Unfortunately, prosperity is not in Egypt’s future any time soon. Egypt cannot feed its own population at this time, and has been the largest buyer of American wheat for decades. Although think about it. Is that because they do not have enough arable land, or because a corrupt government has mismanaged the Egyptian agriculture for 30-plus years? And with a weak manufacturing base, it’s going to be a long time before the economy begins to rise out of the pitiful Third-World status it presently holds. Tourism represents 8% of the Egyptian economy and tourism will be directly affected by ongoing political turmoil. And without free-market reforms, the Egyptian economy is slated for more of the same."
Read the rest at Secession University
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