Nice Little Peace Agreement You Have There
Amr Nabil / AP Photo
Martin Kramer guesses at the Muslim Brotherhood's economic plan for Egypt: blackmail.
The Brotherhood has a so-called “Renaissance” plan for the overhaul of the Egyptian economy. I won’t pretend to judge its feasibility. Could modernization of tax collection double or triple tax revenues? Can Egypt double the number of arriving tourists, even while contemplating limits on alcohol and bikinis? Can a renovation of the Suez Canal raise transit revenues from $6 billion a year to $100 billion? Can Egypt’s economy surpass the economies of Turkey and Malaysia within seven years? These are all claims made at various times by the economic thinkers of the Muslim Brotherhood, who trumpet Egypt’s supposed potential for self-sufficiency.
If you think this is pie in the sky, then it isn’t difficult to imagine the “Plan B” of the Muslim Brotherhood. It is to find ways to raise the rent Egypt collects from the West and rich Arabs for its geopolitical position. Call it a shakedown, call it a bailout, it doesn’t matter. The message Egypt is sending is that it’s too big to fail, and that the world, and especially the United States, owes it. The deputy guide, Khayrat ash-Shater, put it directly: “We strongly advise the Americans and the Europeans to support Egypt during this critical period as compensation for the many years they supported a brutal dictatorship.” Egypt, which is one of the largest recipients of U.S. foreign aid, is thus owed compensation.
A key part of this narrative is that Mubarak sold peace with Israel on the cheap. In Egypt it is believed that the $1.3 billion that Egypt receives a year in military aid, and hundreds of millions more in economic aid, are just a portion of what Egypt’s adherence to peace is worth. To get more, the plan of the Muslim Brotherhood is to persuade Washington that it can’t take Egypt for granted. The strategy will be to stimulate crises that will be amenable to resolution by the transfer of resources. No one can predict what those crises will look like. It’s hard to imagine that some of them won’t involve Israel.
See more of our coverage in your search results.
Got a tip? Send it to The Daily Beast here.
Register below to read this article for free or subscribe
to unlock unlimited access to The Daily Beast.
Monthly
$1
First month then $5.99/month
Annual
$35
First year then $59.99/year
Premium
$79
First year then $119.99/year
*Substack access provided by the next business day, using your subscription email. Choosing the Premium plan constitutes your permission to share your subscription email with Substack and your agreement to Substack’s Privacy Policy.
Already have an account? Sign In
Looks like you already have a subscription!
You're all set!
Thanks for subscribing.