More Never Ending Protests In Egypt

From Middle East sources :

• On Friday, Egypt marks two years since the revolution 
• protesters prepare to hit streets. 
• 2-year of revolution that swept Mubarak out after 30 years 
• Protesters seething with anger at Muslim Brotherhood.
• “People hate the Muslim Brotherhood ” 
• now we are against the Muslim Brotherhood. 
• Everyone is against the Muslim Brotherhood,” 
• We’ll come out against Morsi as we did against Mubarak’ 
• slam Morsi, plunged the country into a terrible economic depression.
• [Morsi] is only following his party, the Muslim Brotherhood.
• The people in Egypt are not scared anymore.”
• “That’s why people will come out tomorrow. not going to wait four years 
• At the Revolution Museum, visitors enter by stepping on a picture of Morsi
• Most stomp on his picture with gusto.
• inflation has exploded and the black market is back 
• there is no safety. I cannot walk outside at night by myself,” 
• they’re playing with religion, they never mean it.”

Egyptians stomping on Morsi with gusto

My comments : The Muslim Brotherhood knows jack sh*t about running a country. They stand a better chance by organizing a sembahyang hajat to pray for rain - which is what Nik Aziz does in Kota Bharu. This is what you get when you put village idiots who believe in hocus pocus in charge of running a country.  

The unemployment rate in Egypt runs at 13%. This is already a high figure. But this is the Egyptian version of unemployment. Even if they are employed are they doing productive work in permanent jobs? Street vendors selling grilled jagung or fake Egyptian papyrus are also counted as employed. And there are plenty of street vendors in Egypt. 

Here is some news about Egypt :

"Even in the final year of Hosni Mubarak, the economic growth in Egypt was at 7%. After the revolution, in 2012 Egypt’s gross domestic product rose less than 2 percent, roughly the same as the rate of population growth. So, in per-capita terms that matter to individual Egyptians, the economy was stagnant. Without growth, there are no new jobs. 

Official data put unemployment at almost 13 percent in 2012, representing 3.6 million people out of work, rising to about 25 percent for the age group 15-29. That statistic alone constitutes a socioeconomic time bomb."

Inflation in Egypt is running in excess of 12% per annum. Press reports indicate that inflation is now a moving figure in Egypt. This means the same item in the shops will cost more a week from today or even a day from now. 

The World Bank says 25% of Egyptians are below the poverty line. Another 22% can slip below the poverty line if there are sudden economic shocks. That is 47% of the population.  I think the sudden economic shock has happened.

If they want to save themselves and their country, the Egyptians need to think outside the box on an urgent basis. Forget about Sharia Law or Islamic economy for the time being. 

Put a 20 year moratorium on closing the economy. This means for 20 years, completely open up the economy.  Completely break open licensing requirements, open up the manufacturing sector, open up the retail sector, the real estate sector, the banking sector, the hotel sector. Just let anyone come into Egypt and invest with no hindrance. Ease up on silly taxation laws and duty protection. Just open up the economy. What will this do? It will attract investment, create work and jobs and save the Egyptian people first.  They will have jobs and food on the table for their children.

Then after 20 years, reassess the situation. Apa susah sangat? 

Do you think the Egyptians will do any such thing? No way. Not even if they overthrew the Muslim Brotherhood. Why not? Because they are in the Club of Doom. They are an Islamic country. Islamic countries do not use common sense.  

If only common sense can be quantified - then the economists may be able to do a study on the economic impact of using or not using common sense.  (You know, the economists famous "on the one hand, then on the other hand..).  But it is so hard to quantify common sense. The Islamic countries dont have it. Their economists cant study it. They cannot graph it. So they will continue in deep sh*t.