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Tunisia and Egypt were run by dictators. Egypt's President is now in office since 30 years, Tunisia's was in office for 24 years. There is a strong tendency in Arabian and African countries for presidents to exploit and stabilize their countries by establishing cronyism and then further extend their power. Every 20 or 30 years the system collapses, and dictatorship is either followed by another dictator, fundamentalists or an attempt to install a democratic elected government.
The North African problem basically had two triggers:
- high unemployment among the younger generation, this includes a lot of academics who have not found any job after their education
- a dramatic increase in food prices
The US is unvoluntarily participating in this game: Higher national debt -> devaluation of USD -> higher commodity prices.
Algeria bought 800.000 t of wheat yesterday. If you want to govern those countries, you need to subsidize food prices.
The chart for ZW 03-11 below shows the price of wheat during the last two days.
Can you help answer these questions from other members on NexusFi?
Democracy and downright action is a balancing act. I think Margaret Thatcher did it correct that the current UK government has a good balance from her governing heritage.
You can't vote to have everything done correctly when time is of the essence and yet you cannot stamp your authority blatantly just because you are elected to do so.
Governments must act for the common good of people. Sometimes, not everyone is included; this means some people will be very unhappy. But if less people are unhappy, the government is doing a good job. You cannot make everyone happy.
I quote the example of the 2008 financial collapse. While the US is debating back and forth from the Congress and the Feds, the UK government just stamped their foot and acted. It is really am eye sore to see the US follow UK's action plan just because they(UK) did it. Nobody in the US was willing to risk political careers for a chance to be a champion of public service.
That is how sad it is as a great democratic nation that is crippled beyond belief! I must say it is almost global hummuliation that the trouble the US caused and they cannot even act quickly to prevent further meltdown.
I am not favoring dictatorships but in business, the oxymoron favors dictatorships because of stability. As long as the dictator government is satisfied, business resumes status quo. We don't know what really happens in Egypt but maybe to stabalize the situation is to stop net communications. Be aware that not only good people use the internet but also bad people.
All governments have to walk this tight rope line on democracy and enforcing public order and citizen well-being.
I am agreeable to long term leadership as long as everyone is ok with it. Philippine president Ramos did such a good job that I wished that he ran a 3rd term. He can't run the 3rd time because of the bad taste of Marcos in the past. Business people welcomed the idea but no, the common people must vote a movie star Estrada into office to skroo things up. I guess they went through the Reagan phase in the Philippines and found that it just doesn't work that way.
Until the People cannot eat, there will not be anything close to a revolution, other than the Ron Paul kind. Ideals are all well and good, for they serve whoever imagines them but the one common denominator is that we all rely on grocery stores being stocked and food being available. While prices may increase, the ability to rise above one's current financial current situation is inherently fed to the public as it is their fault they have not achieved success for whatever reason, between being lazy, lack of aptitude, complacent, not caring etc. When a situation arises that is beyond the control of the public and that facade disappears, then there will be problems.
Every empire has fallen. Every republic, democracy, monarchy, dictatorship, etc has not lasted the test of time. This country shall be no different, especially as we spend so much for maintaining our influence worldwide.
We Americans are strong and yet we've been tolerating the threat to our constitution much to long. We out number the corrupt power elites that think they know better. Remember 9/11, for a brief moment we came together strong and resolve, but the corrupt power elites knows how to play the divide and conquer game all too well.
If the crapper does hit the fan, you'll see a large migration to the state of Texas, because it's the only state that's not DEEP in DEBT....and I know Texans ain't going to bail out San Francisco and it's like.
"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
You can't compare USA and Egypt.
USA is nearly 10 times richer than Egypt (check its GDP), and it has been a democracy for few centuries.
Egypt is really a really independent country since 60 years and Nasser, and has never been really a democratic country.
for @ThatManFromTexas:
- De Gaulle talk about 300 types of cheese, and not 56 (and in real there is more than 1000 types of cheese in France)
- some scientists says North America is not a continent: for them the continent is America (South + North)
Fully agree! I wished something like that happens to Singapore. Though I reside in Canada, I am a Singapore citizen. I am hoping something would happen to shake my government to wake up.
There are also other countries which already have unstable governments and are already more dictatorial than democratic in the region, such as Iran, Yemen, Palestine, etc. They won't have the impact on US markets that Egypt has just had, but they would go WELL before the US.
"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
