Get PJ Media on your Apple

Spengler

Egypt’s Economy Is No Longer the Problem, and Not Our Problem

April 16th, 2014 - 5:42 pm

But the gravest oversight in Dr. Cook’s encomium is to assume that the vacuum left by American blundering will continue indefinitely. A brief item from the Middle East News Service indicates how wrong this is:

Chinese Ambassador to Egypt Song Aiguo said the investment volume between his country and Egypt hit 10 billion dollars in 2013. Speaking at a joint press conference with the Egyptian tourism minister in Hurghada, he said the two-way investment will grow as China lifted its travel warning for Egypt in December. He said 3,000 Chinese tourists visited Egypt last month.

More to the point, Egypt and China earlier this month signed an $800 million memorandum of understanding for the construction of high-speed rail from the country’s northern borders down to Aswan. China will invest $1.5 trillion in Africa during the next 15 years by some estimates, and Egypt is the land bridge to Africa.  Egypt will be a spur on the New Silk Road that China is building from Beijing to the Bosphorus.

After three years of hallucinations about the future of the Middle East, we have woken up to a different world with a new set of players and a new set of problems. We have dealt ourselves out of the game and appear condemned to watch helplessly as others play — or, more likely, not to watch at all, for the foreign policy establishment seems oblivious to the great changes around them. The only consolation is that we no longer will require the services of Egypt experts at our thinktanks.

<- Prev  Page 2 of 2   View as Single Page

Comments are closed.

Top Rated Comments   
Americans elected Obie twice to abdicate its superpower role. I think it can be said now that this is one of the main reasons for people voting for Obama. The media had sold them on the Evil Bush. They were tired of draining wars in Iraq and Afghanistan that were not fought to be won. Perhaps that was impossible. They wanted to return to the island with two protective oceans, and to vote for a man that would make them feel good about themselves and the evolution of race relations in the US. This is the result, though many Obama voters would probably not have wanted it.

Regarding the post below about Christian nations exhausting themselves for... (??), the leaders of the EU states and the US hardly think and behave as if they led Christendom. They are basically mercantile globalists, and their diminished concern for their Christian brethren in the ME is glaringly obvious. Israelis, however, can be grateful for awareness of this Christian/Christian betrayal, as it is very instructional (to those who choose to pay attention).
23 weeks ago
23 weeks ago Link To Comment
All Comments   (38)
All Comments   (38)
Sort: Newest Oldest Top Rated
America has given Egypt tens of billions of dollars over the decades, in exchange for regional peace.
China isn't so generous. China will expect a substantial quid pro quo, and Egypt won't like the bill when it arrives.
23 weeks ago
23 weeks ago Link To Comment
God told Egypt that they'd never be great again... and He was right.
23 weeks ago
23 weeks ago Link To Comment
The Chinese are inundating African countries with start-up Chinese businesses built around insulated Chinese families and bosses. That's aside from Chinese goods. Anyone's whose gone through Egyptian stores knows the affordable products are Chinese and as likely to not work as work. Most Chinese products in Egypt would be illegal in America, unless you know of an electric space heater in America that will literally melt an extension cord.

Cairo has recently had sometimes nightly controlled rolling black outs lasting from 1 to 3 hours - usually around 7:30 PM - due to lack of fuel. And they're not yet into air conditioning season.
23 weeks ago
23 weeks ago Link To Comment
Before Egypt's economy was America's responsibility, it was Russia's. Before Russia it was a succession of European states. Now China wants part of the action? Good for them. Will they do better / worse than those who came before?
23 weeks ago
23 weeks ago Link To Comment
My Gosh. The last time Egypt was run by Egyptians was before Alexander. (Or am I exaggerating?)
10 weeks ago
10 weeks ago Link To Comment
China and Russia are slick to fill vaccuums the Chicago thugocracy are leaving all over the world.
Zero got in bed with the MB and Morsi to the tune of 8.4 billion and he was almost impeached. Seems all the wintesses that knew what morsi and zero were up to got disappeared.
Egypt will always be in jeopardy because they are an islamic based country.
As long as islam and sharia are the basic cult rule for the country they will have major league problems.
23 weeks ago
23 weeks ago Link To Comment
Egypts' problem is their population-maintained by western medicine and economic assistance from the world.

Same problem in the rest of the arab/muslim world and Africa.

Unsustainable population, ignorant primitive culture and incompetent infrastructure and natural resources not able to be used to advantage.

We 'save' people and create catastrophe-
23 weeks ago
23 weeks ago Link To Comment
This story might put Avigdor Lieberman and his pro-Russia foreign policy on the spot.

http://www.haaretz.com/jewish-world/jewish-world-news/1.585897
23 weeks ago
23 weeks ago Link To Comment
A small correction; "the New Silk Road that China is building from Beijing to the Bosphorus" is correct as far as that goes but the Chinese plans are far, far more ambitious. The southern leg of the high speed transcontinental rail stops in Istanbul but then continues through a tunnel on to the Mideast and Europe. The northern leg stops at Moscow and continues on to London, cementing the new Sino-Russian axis among other things. The Chinese want to complete this project estimated to cost .25 trillion in ten years.

http://www.industrytap.com/wp-content/uploads/2013/02/eurasia2.jpg

http://www.railwaypro.com/wp/?p=10965

23 weeks ago
23 weeks ago Link To Comment
The linked maps are out of date; the northern spur to Moscow is not a done deal. The main route will be via Kazakhstan to Turkey. Of course, it could expand considerably.
23 weeks ago
23 weeks ago Link To Comment
Return of the "Orient Express" ?

We've been hearing that maybe the Chinese high-speed rail "miracle" is not all it's cracked up to be.
23 weeks ago
23 weeks ago Link To Comment
My main concern with Egypt is the Suez Canal. Chinese influence there is not a good thing.
23 weeks ago
23 weeks ago Link To Comment
Remember Jimmah Carah gave away the Panama Canal that is now controlled by the Chinese. Ronald Reagan was against 'returning' the Panama Canal because it was built and maintained with American capital. The great American sale goes on.
23 weeks ago
23 weeks ago Link To Comment
According to what I've read, the Israelis are planning a land rail route from Eilat on the Red Sea to the Mediterranean of Ashdod. I think this may have some Chinese financial backing.
23 weeks ago
23 weeks ago Link To Comment
Wow. I've never heard of this.

Personally, I'm looking forward to the rail route through the Valley of Jezreel (right next to the road to where I work) and the semi-high-speed (I guess like the NE corridor in the US) between Jerusalem and Tel Aviv.
10 weeks ago
10 weeks ago Link To Comment
Americans elected Obie twice to abdicate its superpower role. I think it can be said now that this is one of the main reasons for people voting for Obama. The media had sold them on the Evil Bush. They were tired of draining wars in Iraq and Afghanistan that were not fought to be won. Perhaps that was impossible. They wanted to return to the island with two protective oceans, and to vote for a man that would make them feel good about themselves and the evolution of race relations in the US. This is the result, though many Obama voters would probably not have wanted it.

Regarding the post below about Christian nations exhausting themselves for... (??), the leaders of the EU states and the US hardly think and behave as if they led Christendom. They are basically mercantile globalists, and their diminished concern for their Christian brethren in the ME is glaringly obvious. Israelis, however, can be grateful for awareness of this Christian/Christian betrayal, as it is very instructional (to those who choose to pay attention).
23 weeks ago
23 weeks ago Link To Comment
1 2 Next View All