EGYPT’S DIMINISHING WHEAT RESERVES, INFLATION AND RISING UNEMPLOYMENT

What is globalism?

The way I have understood it so far, it is these multinational corporations that are going around dictating to each country demanding change in their policies to suit the interest of these companies. Because these companies are based in the West and most of them are based in America, they influence the American hegemonic power for their benefit. Their influence goes beyond the corridors of the empire; the ex-employees of these multinationals infiltrate national governments as technocrats and manipulate policies in their favour.

Sometimes I doubt the loyalties of top decision-makers in Muslim countries. Take Gamal Abdel Nasser Hussein, President of Egypt (1956–70) as an example; Egypt was self-sufficient in terms of food and growing wheat till he got influenced and encouraged farmers to grow cotton crops instead of wheat. Egypt now imports 85% of its wheat needs from Ukraine and Russia. You can imagine what the Egyptians must be feeling right now.

Ever since Abdel Fattah el-Sisi took the reins of power in 2013, Egypt finds itself on a downward spiral. As things stand, what Egypt needs is a miracle, but what Egypt has is President Sisi, another military dictator. One could write a book about the failures of his policies.

One person that has in-depth knowledge and information on the current Egyptian geopolitical and Geoeconomic situation is Sami Hamdi. He’s a brilliant analyst with a huge understanding of the region and regional struggles of all the players in the Middle East and North Africa (MENA).

You can hello him on Twitter: @SALHACHIMI

And his website is: intlinterest.com

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By Khalid

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