LynAlden on Nostr: A good 10-minute video on Egypt's economy. -Use public resources and debt to build a ...
A good 10-minute video on Egypt's economy.
-Use public resources and debt to build a massive vanity ghost city, prioritizing this over more utilitarian uses of money.
-Have the military compete in all sorts of businesses. Hotels, consumer products, stores, etc. The military has inexpensive forced labor (mandatory military service for most young men) and tax/legal advantages vs the private sector.
-Then get hit by things outside of their control while they were already self-weakened (Suez Canal revenue down, due to the Red Sea being unsafe to navigate, periods of high grain prices since they buy most of it from Ukraine/Russia).
https://youtu.be/B1yXAfP0AAIPublished at
2026-05-02 14:50:14 UTCEvent JSON
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"content": "A good 10-minute video on Egypt's economy.\n\n-Use public resources and debt to build a massive vanity ghost city, prioritizing this over more utilitarian uses of money.\n\n-Have the military compete in all sorts of businesses. Hotels, consumer products, stores, etc. The military has inexpensive forced labor (mandatory military service for most young men) and tax/legal advantages vs the private sector.\n\n-Then get hit by things outside of their control while they were already self-weakened (Suez Canal revenue down, due to the Red Sea being unsafe to navigate, periods of high grain prices since they buy most of it from Ukraine/Russia).\n\nhttps://youtu.be/B1yXAfP0AAI",
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