Monday, July 8, 2013

High Noon in Cairo

The Egyptian army overthrew President Morsi July 3 2013. He had been in office for year. The army acted after an unprecedented two-week long demonstration, a big protest against Morsi and his Muslim Brothers. Now the leaders of that organ, the Muslim Brotherhood, are in jail. Huge counter-demonstrations by pro-Morsi protesters turned violent on July 7, when some Brothers tried to climb the fence where Morsi was detained. Fifty one were killed,  with almost 200 wounded.

Some say that Morsi was freely elected. They forget that Morsi issued sweeping laws giving him absolute power. That the Egyptian economy has not revived, is largely because Morsi's prayer leaders have no practical skills.

Our analysis of the Muslim Brotherhood is found below. Find it mentioned on the index to the right.

While we have been away, we have been working on a book:
Twelve Capitalisms: What Dead Empires have to Teach Us about Debt, Diplomacy, Immigration and New Job Creation. We have been reviewing the main Neolithic sites in the Old World, then moved to examine capitalism in Ancient Mesopotamia.

Maybe our most significant discovery is this: the first cities (i.e. Eridu) arose without strongmen, metal weapons, writing and the horse. So true capitalism existed before any rigid social stratification.