Tuesday, February 07, 2012
Iceberg Ahead for Egypt
Are Egypt's Islamists Heading for a Fall? -Daniel Pipes, PhD
In Egypt, which imports more than half its caloric intake, wages must keep up with the price of food or people begin to starve. Yet the country appears to be heading for a monumental financial collapse in 2012, and perhaps by the summer.
If Islamists strut about as though they rule Egypt, the population will blame them and their Supreme Council of the Armed Forces (SCAF) allies for its hunger. The anger could quickly turn ferocious.
After waiting 84 years to attain legitimacy and power, the Muslim Brotherhood may find it got suckered into taking over the ship's helm just as it heads into an iceberg.