Neoliberalism is here to stay

by , under Blog

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.

  1. Egyptianism

    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.