Corruption, tax evasion and crime have cost Egypt approximately $6 billion (Dh22.03 billion) annually and a total of $57.2 billion from 2000 to 2008 in illicit financial activities and government corruption. Privately held wealth is enough to cover $32b foreign debt.
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With Hosni Mubarak out as president of Egypt, the staff of the state-owned Al-Gomhuria newspaper have launched a revolt of their own. Chief editors were barred from their own offices, the Egyptian Ministry of (mis)Information has been described as an anachronism in this age.
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For a number of prominent politicians and commentators, especially those closely associated with the so-called “Israel lobby”, the Brotherhood’s possible pathway to power in Cairo constitutes the nightmare scenario which Washington should do everything it can to prevent.
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So Hosni Mubarak is out.But the game isn’t over, and now a word of caution. I worry that senior generals may want to keep (with some changes) a Mubarak-style government without Mubarak. In essence the regime may have decided that Mubarak had become a liability and thrown him overboard — without any intention of instituting the kind of broad, meaningful democracy that the public wants.
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If you have been searching for good news from Egypt, know this. It has been near 800 years, during the time of Saladin the Great, since the Muslims witnessed a massive victory. Yet change is in the air and a legacy is in the making.
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The uprising in Egypt has discredited every Western media stereotype about the Arabs. The courage, determination, eloquence and grace of those in Liberation Square contrast with “our” specious fear-mongering with its al-Qaeda and Iran bogeys and iron-clad assumptions, bereft of irony, of the “moral leadership of the West”.
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The Muslim Brotherhood are most suited to win if an election does take place. The Muslim Brotherhood will insist that a vote for them is a vote for the law of Allah, the Shariah.
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In Egypt’s Tahrir Square, celebration grinded to a halt with Mubarak’s speech announcing he intends to remain in the position of power. The seat of power he has used and abused for three decades.
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If the revolutions of 2011 succeed, they will force the creation of a very different regional and world system. Many commentators are comparing Egypt to Iran of 32 years ago, mostly to warn of the risks of the country descending into some sort of Islamist dictatorship.
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