Hosni Mubarak's Economic Achievements

Daily Finance ^ | 02/10/11 | JONATHAN BERR

[Ernest_at_the_Beach]

Hosni Mubarak, who ruled Egypt with an iron fist since 1981, became synonymous with despotism and corruption. Despite weeks of recent protests, he refused to hand over power. But on Friday, Egypt's vice president announced that Mubarak was stepping down and turning power over to the military. While much of the attention has focused on Mubarak's dictatorship, most Americans don't realize that he'd actually won international kudos for his handling of the economy.

[Eva]

If anyone thinks that private property ownership will be any more clear or secure under the Muslim Brotherhood, they are delusional. Poorly educated people with no private ownership are much easier to control.

[livius]

The MB is completely anti-capitalist, anti-private property. That’s why Obama likes them (well, that and the fact that he sees himself as head of the New Caliphate).

[livius]

what they got in place of the Shah was a much, much worse tyranny, with repression and torture and murder and executions orders of magnitude greater than anything the Shah ever did.

The thing that really disturbs me now is that I felt that Jimmy was just dumb and naive. I'm old enough to have seen the fall of Iran, and I knew it was going to be bad. But I thought it was stupidity and the usual liberal naivete that let it happen.

But now I think we have a president who is actually setting up his personally appointed Islamic tyranny. I bet that the Egyptian army (except for those who are also members of the MB) is going to be undermined and overthrown by the US in no time at all.

[Eva]

My suggestion to the problem of private property ownership in Egypt is, whoever has been paying the taxes or fees on the property for the past 5 years, should get the title. As I understand it, the people pay a fee to the government for property, even though they don’t own it.