Muslim Brotherhood economics
Stanley Kurtz explains how the Muslim Brotherhood is likely to make Egypt's economy even worse. The most interesting tidbit from today’s news on Egypt’s economy is that the Muslim Brotherhood has put forward an economic plan. According to the Times, the Brotherhood would have “the government require all Muslims to contribute 7.5 percent of their income to a privately run charitable institution under government oversight–essentially a flat income surtax.”If you haven't been following the collapse of Egypt's economy, I would suggest that you also read this.
We have no details here, but this certainly sounds like a plan to force Egypt’s tax system to subsidize the Muslim Brotherhood’s charitable infrastructure, the key to their political power. Islamist parties will likely control a plurality of the new Egyptian parliament, and so may get at least a limited version of this plan adopted in exchange for whatever else passes. That would lay the groundwork for a significant long-term entrenchment and expansion of the Brotherhood’s power, while also likely hamstringing any Western-style liberalization of the economy.
With Egypt headed for a food crisis amidst a broader economic meltdown, the prospects for public support of the Brotherhood’s plan, and/or an expansion of Egypt’s welfare state by the left, look good. In the long term, of course, Egypt’s Islamists and socialists will only intensify the country’s economic agony. But that seems to be the way things are headed.
Labels: Egyptian economy, Muslim Brotherhood
posted by Carl in Jerusalem @ 8:30 AM
3 Comments:
Barry Rubin wrote extensively on this and as usual, its one of those things about Egypt the Western mass media has been keeping people in the dark about just like its been keep people ignorant about the true nature of the Muslim Brotherhood.
Spengler has written elsewhere about the coming economic collapse of the Arab Muslim World and no one's paying any attention. Its just easier to use Israel as a whipping boy for all of the region's problems.
@Normanf
Spengler has written elsewhere about the coming economic collapse of the Arab Muslim World
If there is anyone more ignorant about the Arab Muslim world than Spengler i'd like to know who.
He does not understand either the Muslim mind, nor Middle East politics.
Do you take the word of someone who has never been to an Arab Muslim country as being an expert on it, because you really believe he knows what he is talking about, or because he says what you want to hear.
Just reposting Chayma's comment in case it disappears....
At 2:31 PM, Blogger Chayma said...
@Normanf
Spengler has written elsewhere about the coming economic collapse of the Arab Muslim World
If there is anyone more ignorant about the Arab Muslim world than Spengler i'd like to know who.
He does not understand either the Muslim mind, nor Middle East politics.
Do you take the word of someone who has never been to an Arab Muslim country as being an expert on it, because you really believe he knows what he is talking about, or because he says what you want to hear.
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