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The United States and Egypt

August 16, 2013 in Economics

The crackdown in Egypt has clarified events. The military staged a coup. The civilian regime created by Gen. Abdul-Fattah al-Sisi was a façade. The military’s attempt to destroy the Muslim Brotherhood guarantees a violent future, likely including terrorism and perhaps ending in civil war. Despite having spent $75 billion worth of aid into Cairo’s coffers over the years, Washington has no leverage. Foreign aid does not promote economic development, nor does it buy political leverage. In a recent blog post Cato senior fellow Doug Bandow argues that Washington should say no more and leave Egypt’s future to be decided by the Egyptians.

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Source: CATO HEADLINES

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