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Wednesday, 9 August 2017

We need to stop going all Karl Marx whenever we hit an economic bump in the road

Finally, an opinion piece that said it: We need to stop going all Karl Marx whenever we hit an economic bump in the road, writes economist Medhat Nafie for Al Shorouk. Reading past his insanely long econ lesson and love note to capitalism, Nafie makes the point that Egyptians need to stop calling for restrictive and non-free-market policies such as price controls and direct government interference in the economy. This scares of investors at a time when the country needs them the most. We can’t have it both ways.

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