Wednesday, February 2, 2011

Egypt, wheat, and China

Spengler has an unusual take on the trouble in Egypt--China is the cause because they are getting rich.
It wasn't the financial crisis that undermined dysfunctional Arab states, but Asian prosperity. The Arab poor have been priced out of world markets. There is no solution to Egypt's problems within the horizon of popular expectations. Whether the regime survives or a new one replaces it, the outcome will be a disaster of, well, biblical proportions. 

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