Eugene David
...The One-Minute Pundit

Monday, February 14, 2011


Stability isn't the army's only concern: money matters too. Egypt's half-million-strong armed forces receive $1.3 billion a year from the U.S., and they maintain significant investments in the national economy. Soldiers staff military-owned companies that produce everything from olive oil to washing machines, televisions, cement and even the ubiquitous Safi brand of bottled water. The military owns land, operates hotels and runs construction companies. Retired generals are often offered lucrative positions on the boards of private companies. "It's not exactly the military-industrial complex in the American sense," says Carapico, "but it's close."

I guess that means we're stuck with giving for a while, sighhhhhhhhhh.

Home
Site Meter eXTReMe Tracker