Egypt and Crony Capitalism

"Egyptians in front of the rubble of a looted property in Cairo belonging to Ahmed Ezz, one of the leading figures in the National Democratic Party."

Of course, this is far from a free market–when the government picks and chooses the economic winners among its allies and friends.   It’s yet another example of government by the few for the few.

http://www.nytimes.com/2011/02/07/world/middleeast/07corruption.html?hpw

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DR. LAURENCE H. KANT (LARRY KANT), MYSTIC SCHOLAR: Engaged Mysticism and Scholarship in the Pursuit of Wisdom; Discovering meaning in every issue and facet of life; Integrating scholarship, spirituality, mysticism, poetry, community, economics, and politics seamlessly. Historian of Religion: Ph.D., Yale University, 1993 (Department of Religious Studies); Exchange Scholar, Harvard University, Rabbinics, 1983-84; M.A., 1982, Yale, 1982 (Department of Religious Studies); M.T.S., Harvard Divinity School, 1981; B.A., Classics (Greek and Latin), Tufts University, 1978; Wayland High School (Wayland, MA), 1974. Served on the faculty of Cornell University (Ithaca, NY), York University (Toronto), and Lexington Theological Seminary (Lexington, KY). Works in many languages: Ancient Greek, Latin, Hebrew, Aramaic, Syriac, English, French, Italian, German, Modern Greek (some Dutch, Portuguese, Spanish). Holder of numerous honors and awards, including The Rome Prize in Classics (Prix de Rome) and Fellow of the American Academy of Rome.
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Related Posts

  • This is not a good sign for democracy: http://www.nytimes.com/2011/04/12/world/middleeast/12egypt.html

  • Serious human rights abuses in Egypt remain: http://www.nytimes.com/2011/02/18/world/middleeast/18missing.html?hp=&pagewanted=all

  • Given possible destabilizing effects, this is something to watch:  http://www.nytimes.com/2011/02/18/world/middleeast/18egypt.html?hp

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