Neoliberalism is here to stay

The deputy prime minister, Yehia el-Gamal, assured investors that “Egypt will not change its economic direction, will maintain the free market and won’t deviate from the market mechanisms.”

Essam Sharaf’s cabinet has also spoken out several times before against the demand to renationalize privatized factories saying that will scare away investors.

In other words, the same neoliberal policies which contributed directly to the outbreak of this uprising will stay in place.

3 Responses

1. Yasmine

   April 17, 2011 - 8:24 PM

   For now …

2. Egyptianism

   April 18, 2011 - 12:08 AM

   It would be naive to expect an interm and temporary government to radically change and overthrow the neo-liberal policies of Egypt. What we need right now is a complete focus on Egypt’s economy and electing a parliament and president who classify themselves with social democracy.

3. Nabil Fahmy: ‘This revolution actually serves Israel as well’ : NL-Aid

   April 18, 2011 - 2:31 PM

   [...] mobilizations against the war on Iraq. Egyptians have been impoverished by neoliberalism, the same neoliberalism Essam Sharaf’s cabinet wants to keep in place with cosmetic changes. And the same IMF and “economists” who screwed our economy with their neoliberal [...]