Tuesday, June 21, 2011
So much for the "facebook revolutions"
Why the development banks are all of a sudden ready to 'help' these commodities rich new democracies? Because they have revenues to pay back loans. Who wants to help the PIGS who have been economic basket cases for decades ?
Who cares on what kind of democracy they got or they already had. The case of Morocco is ludicrous since it is a very old dictatorship but with strong ties with big western corporations.
So these countries will be perfect substitutes for the PIGS until they are dried up and thrown down the toilet as used kleenex. But before that they will buy lots of Mercedes and Siemens. And they have either a more expensive oil (than olive one) or other interesting commodities. Only a little of "liberalization" was needed for some of these authocratic countries. So much then for the Facebook revolutions.