Chaos and strife create the revolutionary atmosphere in which opportunity abounds
Investment banking is usually thought of as a field that values stability. Yet the greatest rewards are often attained through destabilization.
North African regimes and leaders have their obvious faults and flaws. Autocracies have an inherent weakness in their tendency to ossification. This basic reality is reflected not just in the obvious lack of democratic institutions, but also in the economic structures of the North African states. Regimes which have persisted for many decades tend to retain many of the economic characteristics of the era in which they were formed.
In the developing economies, during the decades prior to the neo-liberal reforms of the 1990′s, state owned industries were fostered in order to provide basic services such as telecommunications, transport and public utilities. Local manufacturing industries were protected from offshore competition as a means of furthering development goals and enhancing balance of trade accounts. These well established practices have come to be seen by today’s promoters of ‘free trade’ and privatization as an impediment to maximizing profits. Once established, these industries are in many cases difficult to dislodge.
Therefore, a clean break is required for restructuring primary domestic industries in order for international investors to reap a greater share of locally generated profits. This process is referred to as ‘creative destruction’. To facilitate the emplacement of the new order, the old order must first be swept aside. This requirement of upending the existing order explains why Western neoconservatives have been promoting the revolutionary uprisings in North Africa. Neoconservative think tanks and publications are closely associated with the banking interests. Evidence of their designs on North Africa is abundant.
A 2010 Bertelsmann evaluation titled Transformation Tunisia reported:
Tunisia’s decision makers have once again advanced transformation too sluggishly. Despite the formal abolition of trade barriers for industrial goods with the European Union as of 1 January 2008, in practice, Tunisia has seen too little progress in terms of trade liberalization [emphasis added].
[The] Tunisian banking sector and capital market are regularly cited as one major hindrance to the country’s economic modernization. Although they have been formally brought up to international standards, financial supervision and regulation remain subject to political influence. This is partly due to direct state control over financial flows and partly to the state’s direct involvement therein. Although it sold its stakes in two banks in 2002 and 2005, respectively, the state remains the controlling shareholder in at least four other banks because it controls 50% of their assets. Under these conditions, top-rank bank executives are de facto appointed by the president through a controlling body.
On January 7, 2011, Elliott Abrams wrote for the Council on Foreign Relations:
“Tunisia, whose literacy rate has long been the highest in Africa at nearly 80% and whose per capita GDP is about $8,000, should have the ability to sustain a democratic government—once the Ben Ali regime collapses [emphasis added].
“Tunisians are clearly sick of looking at all the giant photos and paintings of Ben Ali that appear on walls, posters, and billboards all over the country. […]
“If Tunisia can move toward democracy, Algerians and Egyptians and even Libyans will wonder why they cannot. This kind of thing may catch on [emphasis added]. In fact, in Algeria it may already be catching on.” (Elliott Abrams: Is Tunisia Next?)
On February 13, the New York Times described Robert Kagan as “a Brookings Institution scholar who long before the revolution helped assemble a nonpartisan group of policy experts to press for democratic change in Egypt.” [emphasis added]
Maidhc Ó Cathail has noted that:
Arianna Huffington … was prescient in a December 13, 2010 op-ed in Lebanon’s Daily Star titled “Social media will help fuel change in the Middle East.”
And also that:
Robert Kagan, who co-founded the Project for a New American Century with William Kristol in 1997, was joined on that “nonpartisan group” by PNAC founding member Elliott Abrams and PNAC deputy director Ellen Bork. Bork is currently “democracy and human rights” director at PNAC’s successor, Foreign Policy Initiative, where Kagan and Kristol are directors. Not surprisingly, Kristol wrote in the Weekly Standard on January 29 that he was “in complete agreement” with his fellow PNACers’ Working Group on Egypt in its demands that the U.S. suspend aid to Mubarak. […]
Appearing on ABC’s This Week, Kagan looked positively sanguine about the prospects for a post-Mubarak Egypt. Like George Soros, he seems confident that Israel has “much to gain from the spread of democracy in the Middle East.”
It should be recalled that many of these same individuals and institutions were principle actors in the promotion of the ‘color revolutions’ in many of the former Soviet Republics as well as in Iran’s failed ‘green revolution’ during the summer of 2010.
Former CIA officer Philip Giraldi points out that the direction that events take is not being left to local forces:
Former Secretary of State Madeleine Albright was interviewed by Rachel Maddow several weeks ago and revealed that Washington has already begun meddling. Albright denounced Egyptian ex-president Mubarak … and then confirmed that the National Endowment for Democracy was already hard at work in Egypt, even though Mubarak had not yet stepped down, building up infrastructure and supporting party development. Recall for a moment that Albright believes that a heavy fist is an essential part of diplomacy and that US interests always trump whatever suffering local people have to endure. […]
Those who are aware of the insidious activities of the National Endowment for Democracy or NED, an ostensibly private foundation that spreads “democracy” and is largely funded by the government, will not be surprised to learn that it is already active in North Africa because it is almost everywhere. NED, which has a Democratic Party half in its National Democratic Institute, and a Republican Party half in its International Republican Institute, was the driving force behind the series of pastel revolutions that created turmoil in Eastern Europe after the fall of communism. Remember when the Russians and others complained about the activities of NGOs interfering in their politics? NED was what they were referring to.
Albright is in charge of the NED Dems while John McCain leads the NED GOP. […]
Neoconservative Ken Timmerman has identified the core NED activity overseas as “training political workers in modern communications and organizational techniques,” surely a polite way to describe interfering directly in other countries’ politics.
On February 27, John McCain and Joe Lieberman visited Cairo. … continue at Aletho News