Spengler readers knew this was coming, but everybody else might be shocked:
Egypt has less than two months’ supply of imported wheat left in its stocks, ousted President Mohamed Mursi’s minister of supplies said, revealing a shortage more acute than previously disclosed.
Speaking to Reuters near midnight in a tent at a vigil where thousands of Mursi supporters are protesting against the Islamist president’s removal, former Minister of Supplies Bassem Ouda said the state had just 500,000 metric tons of imported wheat left. Egypt usually imports about 10 million metric tons a year.
Egypt is the world’s largest importer of wheat, half of which it distributes to its 84 million people in the form of heavily subsidized saucer-sized flat loaves of bread, which sell for less than 1 U.S. cent.
This right here is why a military dictatorship is preferable to the Muslim Brotherhood. They know that tourism is the golden goose that keeps half the country from starving, and won’t let it be killed.