[lbo-talk] Islam and neo-liberalism

123hop at comcast.net 123hop at comcast.net
Sun Mar 3 11:11:13 PST 2013


A snippet in response to Woj's contention that somehow Islam and neo-liberalism were at odds.

This is from Juan Cole today

While for some odd reason the Middle East does not usually get analyzed with the same social science tools as Europe, the political crisis in Egypt is related to the Muslim Brotherhood government’s austerity program. The latter, as Samuel Knight argues, is being pursued under pressure from the International Monetary Fund. Secretary of State John Kerry is in Cairo, also urging acceptance of the austerity program. Austerity is estimated to have reduced Egyptians’ real income by 3 percent in January alone. Tunisia is doing better than Egypt economically , but the parliament, dominated by the religious Right, is also tempted by austerity measures , seeking to trim a point off the budget deficit this year while seeking 4.5% growth.

Joanna



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