Dr. Benny Peiser10.04.2012 16:23
Muslim Brotherhood chooses chaos
Egypt’s Muslim Brotherhood signaled its intent on Sunday to push the country into economic chaos. With liquid foreign exchange reserves barely equal to two months’ imports and panic spreading through the Egyptian economy, the Brotherhood’s presidential candidate Khairat al-Shater warned that it would block a US$3 billion emergency loan from the International Monetary Fund (IMF) unless the military government ceded power… As Egypt headed towards chaotic breakdown, Western observers asked how its economy might be stabilized. This appears to have been the wrong question to begin with, for the Muslim Brotherhood will not allow the West to stabilize Egypt’s financial position. The right question is: who will benefit from the chaos? At this writing, the Muslim Brotherhood appears to be the winner by default, for no other actor has the courage and cold blood to exploit the emerging crisis. America, by contrast, is locked into the defense of a deteriorating fixed position. And Egypt’s military leaders are more concerned with feathering their nests in exile, like the Iranian generals in 1979. The Brotherhood believes that widespread hunger will strengthen its political position, and is probably correct to believe this. As the central government’s corrupt and rickety system of subsidies collapses, local Islamist organizations will take control of food distribution and establish a virtual dictatorship on the streets.
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