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Before it was ousted, the Muslim Brotherhood faced serious structural constraints in Egypt and it made many wrong decisions. Since its electoral victory there was an ongoing power struggle in Egypt and its Freedom and Justice Party clumsily attempted to consolidate its political control over Egypt. The Muslim Brotherhood’s attempts to consolidate power meant that it has had to live with and work with a vast array of state institutions and bodies filled with its opponents, corrupt figures, and old regime loyalists. The Freedom and Justice Party tried to slowly purge the Egyptian state of Mubarak loyalists and old regime figures, but Morsi was forced to also work with them simultaneously. This made the foundations of his government even weaker.

Just as Hamas was forced by the US and its allies to accept Fatah ministers in key positions in the Palestinian government that it formed, the Muslim Brotherhood was forced to do the same unless it wanted the state to collapse and to be internationally isolated. The main difference between the two situations is that the Muslim Brotherhood seemed all too eager to comply with the US and work with segments of the old regime that would not challenge it. Perhaps this happened because the Muslim Brotherhood feared a military takeover. Regardless of what the reasons were, the Muslim Brotherhood knowingly shared the table of governance with counter-revolutionaries and criminals.

As a result of the Muslim Brotherhood’s collaboration with the US and Israel, large components of the protests in Egypt against Morsi were resoundingly anti-American and anti-Israeli.

The Muslim Brotherhood has tried to use the Obama Administration to ascend to power whereas the Obama Administration has used the Muslim Brotherhood in America’s war against Syria and to slowly nudge the Hamas government in Gaza away from the orbit of Iran and its allies in the Resistance Bloc. Both wittingly and unwittingly, the Muslim Brotherhood in broader terms has, as an organization, helped the US, Israel, and the Arab petro-sheikhdoms try to regionally align the chessboard in a sectarian project that seeks to get Sunnis and Shias to fight one another.

Furthermore, the Muslim Brotherhood had its own agenda and it seemed unlikely that it would continue to play a subordinate role to the United States and Washington was aware of this.

Mohammed Al-Baradei (El-Baradei / ElBaradei), a former Egyptian diplomat and the former director-general of the politically manipulated International Atomic Energy Agency (IAEA), has been offered the post of interim prime minister of Egypt by the military. He had returned to Egypt during the start of the so-called Arab Spring to run for office with the support of the International Crisis Group, which is an organization that is linked to US foreign policy interests and tied to the Carnegie Foundation, the Ford Foundation, and George Soros’ Open Society Institute.

Many of the Muslim Brotherhood’s supporters are emphasizing that an unfair media war was waged against them. The Qatari-owned Al Jazeera Mubasher Misr, Al Jazeera’s Egyptian branch which has worked as a mouth piece for the Muslim Brotherhood, has been taken off the air by the Egyptian military. This, along with the ouster of Morsi, is a sign that Qatar’s regional interests are being rolled back too. It seems Saudi Arabia, which quickly congratulated Adli Al-Mansour, is delighted, which explains why the Saudi-supported Nour Party in Egypt betray the Muslim Brotherhood.

Despite the media reports and commentaries, the Muslim Brotherhood was never fully in charge of Egypt or its government. It always had to share power with segments of the old regime or “Washington’s and Tel Aviv’s men.

The discussions on Sharia law were predominately manipulated by the Muslim Brotherhood’s opponents primarily for outside consumption by predominantly non-Muslim countries and to rally Egypt’s Christians and socialist currents against Morsi. As for the economic problems that Egypt faced, they were the mixed result of the legacy of the old regime, the greed of Egypt’s elites and military leaders, the global economic crisis, and the predatory capitalism that the United States and European Union have impaired Egypt with. Those that blamed Morsi for Egypt’s economic problems and unemployment did so wrongly or opportunistically. His administration’s incompetence did not help the situation, but they did not create them either. Morsi was manning a sinking ship that had been economically ravaged in 2011 by foreign states and local and foreign lenders, speculators, investors, and corporations.

Their hesitation at restoring ties with Iran and their antagonism towards Syria, Hezbollah, and their Palestinian allies only managed to reduce their list of friends and supporters.

The US, however, will be haunted by the coup against Morsi. Washington will dearly feel the repercussions of what has happened in Egypt. Morsi’s fall sends a negative message to all of America’s allies. Everyone in the Arab World, corrupt and just alike, is more aware than ever that an alliance with Washington or Tel Aviv will not protect them. Instead they are noticing that those that are aligned with the Iranians and the Russians are the ones that are standing.

An empire that cannot guarantee the security of its satraps is one that will eventually find many of its minions turning their backs on it or betraying it. Just as America’s regime change project in Syria is failing, its time in the Middle East is drawing to an end. Those who gambled on Washington’s success, like the Saudi royals, the Muslim Brotherhood, and Turkey’s Prime Minister Recep Erdogan, will find themselves on the losing side of the Middle East’s regional equation.

Conventional wisdom - or more accurately, perhaps, corporate media - would suggest that this is happening because the growing middle-class have rising expectations for individual freedom, mobility, money, private health and education, luxury commodities, cars, and so on. It is suggested that what is fuelling the discontent with autocratic regimes is middle-class aspiration for an unfettered market and their frustrations with the regimes that prevent them enjoying these benefits.

Almost without exception, the same set of social and economic policies were implemented under pressure from the IFIs (international financial institutions) across the African continent - the so-called structural adjustment programmes (later rebranded as Poverty Reduction Strategy Programmes), all to ensure that African countries serviced the growing debt. But the agenda of the creditors was also to use the debt ‘crisis’ to open avenues for capital expansion, through extreme privatization and liberalization of African economies.

The net effect was to reduce the state to having a narrowly prescribed role in economic affairs, and precious little authority or resources to devote to the development of social infrastructure, its primary role being to ensure an ‘enabling environment’ for international capital and to police the endless servicing of debt to international finance institutions.[8]

the most serious consequence of these policies was not simply the reversal of the many gains of independence, but the erosion of the ability of citizens to control their own destiny. Self-determination, originally such a powerful motor force for mobilisation in the anti-colonial movement, was gradually suffocated. Economic policies were no longer determined by citizens and their representatives in government, but by technocrats from the international finance institutions and the World Bank, with hefty support provided by the international aid agencies.

And where progressive developments occurred – as in Burkina Faso under Thomas Sankara – assassinations, support for military coups and economic isolation were some of the weapons used to prevent citizens having the audacity to construct alternatives to the crass policies of neoliberalism.

Research by the Tax Justice Network (TJN) estimates that a staggering US$11.5 trillion has been siphoned 'offshore' by wealthy individuals, held in tax havens where they are shielded from contributing to government revenues.

Many criticise SAPs/PRSPs as being the product of bad policy - neoliberal policies that are said to be dogmatic and an expression of 'market fundamentalism'. But, as Prabhat Patnaik has argued recently, the policies that are being insisted upon by the international finance institutions are the result of the structural needs of financialised capitalism in the present era, something that began as early as the 1970s and today dominates all parts of the global economy.

If a country is graded well by credit-rating agencies then that becomes a matter of national pride, no matter how miserable its people are.

But perhaps the most serious dispossession that we face is a political dispossession. Our governments are more accountable today to the international financial institutions, to the corporations who extract wealth without restriction, to the international aid agencies that finance institutions such as the IMF, than to citizens. In this sense, our countries are increasingly becoming more akin to occupied territories than democracies.

The sweeping away of Ben Ali in Tunisia and of Hosni Mubarak in Egypt took the imperial governments, who had been ardently supporting those regimes financially, economically, politically and militarily, completely by surprise. The corporate media sought to present the uprisings as sudden and spontaneous, despite the evidence in both countries that the eventual pouring of people on to the streets was the outcome of years of attempts to organize protests that had been brutally suppressed. Corporate media sought to present the mobilizations as being the product of Twitter and Facebook, obscuring the agency of people and conveniently forgetting that in Egypt the largest mobilization occurred after both the Internet and mobile phone networks had been blocked.

Imperial response to the uprisings has been, in essence, to establish in Tunisia Ben Ali-ism without Ben Ali, and in Egypt, Mubarak-ism without Mubarak.

With the fall of Mubarak, it is hardly surprising that the US has been eager to push for the formation of a government comprising the remaining components of Mubarakism - the military and the Muslim Brotherhood.

If the events in Tunisia and Egypt inspired hope, its twin, despair, is perhaps what is dominant in relation to Libya, Côte d'Ivoire and Somalia.

the current crisis of capitalism is different from the earlier one in that the scale of concentration and centralization of capital is unprecedented, and accompanied by a financialisation of capital also on an unprecedented scale. As one person recently characterized it: General Motors used to produce cars and occasionally speculated; today General Motors speculates on the stock markets, and occasionally produces cars!

In Africa we have seen the devastation of Somalia, the destruction of the natural environment in places such as the Niger Delta, the military interventions in Libya and Côte d'Ivoire, to say nothing of the arming of regimes that ensure the illegal occupation of the territory of Western Sahara. At the same time we see the emergence of social movements seeking to reassert the dignity of our people, the protests and uprisings that have developed over the continent. The outcome of all these events cannot be foreseen. But there are grounds for optimism, I believe.

What this approach ignores is that while citizens may have a chance to vote once every four to five years, finance capital votes every day on the stock markets, voting that has a direct consequence on every aspect of production, and on the price of every day goods, fuel, land prices, and so on.

Secondly, one of the striking features of the current period is the degree to which there is growing recognition across the global South of the commonalities in experience of the dispossessed. Indeed, there is even recognition of those commonalities emerging in the North - viz the recent uprisings in Wisconsin, Spain and Greece. For the first time in many years, there is a potential to create solidarity links with people in struggle based not on charity and pity, but on an understanding of the common cause of our dispossession.

while recognizing that there are many struggles against those who seek to exploit Africa, there are opportunities also to create today the alternatives to profit-driven motives of corporations. For example, African farmers’ organisations are confronting the onslaught of foundations such as the Bill and Melinda Gates Foundation and the Rockefeller Foundation, backed by oligopolies like Monsanto, that are ‘pushing agro-chemical crops using multi-genome patents.

‘You cannot carry out fundamental change without a certain amount of madness. In this case, it comes from nonconformity, the courage to turn your back on the old formulas, the courage to invent the future. It took the madmen of yesterday for us to be able to act with extreme clarity today. I want to be one of those madmen.’

The initial demand was for the end of the Mubarak dictatorship and the creation of a democratic system that respected democratic rights -- the essential component of an authentic national democratic revolutionary process. However, the maturation of this process was arrested due to three factors: (i) the seizure of power by the Supreme Council of Armed Forces (SCAF) on 11 February, (ii) the channeling of mass dissent primarily into the electoral process, and (iii) the failure of the oppositional forces to organize sustainable mass structures to safeguard and consolidate the developing revolutionary situation.

This is important because the liberal appropriation of the term ‘revolution’ to describe everything from the events in Libya and Syria to the Green movement in Iran not only distorts social reality but also advances a dangerous narrative. That narrative suggests that revolutionary change takes place as a result of spectacle. It devalues organizing and building structures from the bottom up as unnecessary because it is the theater that is important; the episodic show; the display that refutes Gil Scott Heron’s admonition that ‘the revolution will not be televised!’

In fact, under President Morsi, the military never really went away. It maintained an independent space in the Egyptian state and economy.

For US policy-makers, the Muslim Brotherhood and the Morsi government were never seen as an alternative to Hosni Mubarak. Despite the repression meted out to members of the Muslim Brotherhood by the Mubarak regime, it was well understood that the Brotherhood was part of the Egyptian economic elite and open to doing business with the West. Therefore, Morsi was seen as an acceptable and safe civilian face to replace Mubarak while the US continued its influence behind the scenes through the military.

The class-based, social and economic interests of the military mean that it will oppose any fundamental transformation of the Egyptian economy and society, the ostensible aim of the ‘revolution.’ Significantly, this means that the power of the military is going to have to be broken if there is to be any prospect of revolutionary change in Egypt.

The demand for the end of the dictatorship was an awesome demonstration of people-power that created the potential for revolutionary change. The problem was that the dictatorship had severely undermined the ability of alternative popular forces to develop and acquire the political experience and institutional foundations that would have positioned them to better push for progressive change and curtail the power of the military. Unfortunately for Egypt, the force that had the longest experience in political opposition and organizational development was the Muslim Brotherhood.

when the Egyptian military -- a military that has not demonstrated any propensity for supporting democratic reforms -- intimated that it would step in, the mass position should have been ‘no to military intervention, change only by democratic means’ -- a position that a more mature and authentically independent movement might have assumed if it was not being manipulated by powerful elite forces internally and externally. It was wishful thinking that bordered on the psychotic for liberal and radical forces in the country and their allies outside to believe that a democratic process could be developed that reflected the interests of the broad sectors of Egyptian society while disenfranchising the Muslim Brotherhood, a social force that many conservatively suggest still commands the support of at least a third of the Egyptian population, and is the largest political organization in the country.

The powerful national elites that bankrolled the anti-Morsi campaign and their external allies, including Saudi Arabia and the US, have successfully set in motion a counter-revolutionary process that will fragment the opposition and marginalize any radical elements.

Egypt is particularly vulnerable. Its oil production peaked in 1996, and since then has declined by around 26 per cent. Since the 1960s, Egypt has moved from complete food self-sufficiency to excessive dependence on imports, subsidized by oil revenues.

Due to such vulnerabilities, Egypt, as with many of the MENA countries, now lies on the fault-lines of the convergence of global ecological, energy and economic crises – and thus, on the frontlines of deepening global system failure.

“Egypt benefits from certain aid provisions that are available to only a few other countries. Since 2000, Egypt’s FMF funds have been deposited in an interest bearing account in the Federal Reserve Bank of New York and have remained there until they are obligated... Egypt is allowed to set aside FMF funds for current year payments only, rather than set aside the full amount needed to meet the full cost of multi-year purchases. Cash flow financing allows Egypt to negotiate major arms purchases with U.S. defense suppliers.”

Perhaps Biden’s denial of Mubarak’s dictatorial qualities are not that difficult to understand. Since the assassination of President Anwar el-Sadat in 1981, Egypt has officially been in a continuous “state of emergency,” which under a 1958 law permits Mubarak to oversee measures unnervingly similar to the USA Patriot Act – indefinite detention; torture; secret courts; special authority for police interventions; complete absence of privacy; and so on, ad nauseum. Not to mention the fact that inequality in the U.S. is actually higher than in Egypt.

When asked about the shocking findings of the 2009 report, Clinton herself downplayed the implications, describing Mubarak and his wife as “friends of my family.” So it is not that we do not know. It is that we did not care until the terror became so unbearable, that it exploded onto the streets of Cairo.

When the fundamentalist Muslim Brotherhood unexpectedly did well in the 2006 Egyptian parliamentary elections, he implied, Washington pressure on Mubarak to democratize vanished. Ibrahim warned that the future of the Arab world was democratic, and that the opinion polling done by his Ibn Khaldoun Institute demonstrated that the democracy would have a strong Islamic coloration.

Everywhere neoliberalism has been tried, the results are similar: living up to the utopian ideal is impossible; formal measures of economic activity mask huge disparities in the fortunes of the rich and poor; elites become "masters of the universe," using force to defend their prerogatives, and manipulating the economy to their advantage, but never living in anything resembling the heavily marketised worlds that are imposed on the poor.

It is not just Republicans who are implicated in this systemic corruption. Clinton-era Secretary of Treasury Robert Rubin’s involvement with Citigroup does not bear close scrutiny. Lawrence Summers gave crucial support for the deregulation of financial derivatives contracts while Secretary of Treasury under Clinton, and profited handsomely from companies involved in the same practices while working for Obama (and of course deregulated derivatives were a key element in the financial crisis that led to a massive Federal bailout of the entire banking industry).

However, in the current climate the most important thing is not the depredations of deposed Mubarak regime cronies. It is rather the role of the military in the political system.

it is almost unthinkable that the generals of the Supreme Military Council will willingly allow more than cosmetic changes in the political economy of Egypt. But they could be compelled to do so unwillingly

The period of military government probably will be as short as advertised, followed, one hopes, by an interim civilian government for some specified period (at least two years) during which political parties are allowed to organise on the ground in preparation for free elections. But interim governments have a way of becoming permanent.

In each case when governments (communist or apartheid) collapsed, "technocrats" were brought in to help run countries that were suddenly without functional governments, and create the institutional infrastructure for their successors.

The notion that the economy is in ruins — tourists staying away, investor confidence shattered, employment in the construction sector at a standstill, many industries and businesses operating at far less than full capacity — could well be the single most dangerous rationale for imposing cosmetic reforms that leave the incestuous relation between governance and business intact.

Ideologues, including those of the neoliberal stripe, are prone to a witchcraft mode of thinking: if the spell does not work, it is not the fault of the magic, but rather the fault of the shaman who performed the spell.

Egypt and Tunisia are the first nations to carry out successful revolutions against neoliberal regimes. Americans could learn from Egypt. Indeed, there are signs that they already are doing so. Wisconsin teachers protesting against their governor’s attempts to remove the right to collective bargaining have carried signs equating Mubarak with their governor. Egyptians might well say to America 'uqbalak (may you be the next).

The first is that the metric of revolutionary success lies solely in the formal arena of institutional politics and the development of democratic mechanisms within it. The second is that Tahrir, along with the ludicrously titled “Facebook youth” who populated the square in January and February last year, is the only alternative space in which pressure on the formal arena is thrashed out.

And it’s that energy, that those who benefit from the status quo, from western governments to multinational corporations, really fear. Little wonder that there has been a rush by the world’s most powerful entities – from Hilary Clinton and David Cameron to Morgan Chase and General Electric – to simultaneously venerate Tahrir (as long as the demands voiced within it don’t overstep the mark), echo the generals’ calls for “stability” (shutting down broader discourses of dissent in the process) and form links with the largely neoliberal Muslim Brotherhood (whose policies, despite anguished op-eds in Washington think-tank journals, pose little threat to American interests, and indeed offer up many opportunities).

What they’re less keen to acknowledge – because it carries the revolution out of its sheltered borders – are the other trenches that are increasingly being etched at the margins of Egyptian society, dividing those who have reaped pharaonic-esque riches as a result of 20-odd years of “structural adjustment” from those left behind in zones of neoliberal exclusion.

Forget Shafiq’s advertising hoardings – the revolution is everywhere and it is potent.

As the sociologist Asef Bayat has argued, actions that appear to be individualistic strategies for survival and not explicitly political attempts to bring down elites can, in the right circumstances, become unstoppable and interlinked channels of mass rejection, a struggle for real agency in an era of globalised corporate cosmopolitanism that strives to deny it to so many.

On Wednesday, Lagarde said that the IMF is “responding quickly” and sending a technical team in early September. That same day, Prime Minister Hisham Qandi said he would hope for an agreement by the end of the year. If an agreement happens, Egypt would be the 20th African country to be indebted to the IMF, according to 2011 statistics. If the final agreed amount is anywhere near the request, the Egyptian loan would be by far the largest on the continent.

In the 1970s, however, Sadat envisioned the area as a new business district to showcase Egypt’s economic realignment with global capitalism. An aggressive campaign of forced evictions and relocation was commenced. Residents were forced out of their homes and given flats in concrete blocs built on the desert fringes of Cairo. This campaign continued under the Mubarak regime. One of the residents filmed narrates her ordeal when she was evicted in 1982, only to return later.

Despite the economic hardships and the deteriorating physical environment, the community is thriving socially. The filmmaker intercuts interviews with scenes of everyday life: a woman smoking outside her home, a butcher cutting meat, a child on a bicycle, and a man who is uncomfortable with the presence of a camera and demands to know what is being filmed.

It would have made a stronger case against government policies if the audience had the chance to hear from officials directly how they view the issue of Bulaq. The multinational developers and hotel chains that also benefit from this government policy are also unheard. An interview with the management of the Hilton Hotel overlooking the district, for example, could have been interesting.

‘Those responsible for demolitions have to be tried,’ says one man. ‘In neighborhoods like Bulaq we love each other and work together like one family,’ says a woman. Another man confirms that ‘the owners of this place are the people living here; we own this place.’

The last challenge remaining is economic

Egypt’s problems stem from the weakness of the private sector and the "rent-seeking" of state officials. The solution is to open Egypt’s markets to the outside world, lift restrictions on investment in key sectors of the economy, liberalise ownership laws, end subsidies to the poor for food and other necessities and increase market competition.

The mechanisms of this conditionality are discussed further below, at this stage, it is simply important to note that there has been an unassailable link established between aid and the fulfillment of neoliberal reforms.

This policy shift, however, does not represent a turn away from the logic of neoliberalism. Rather, it actually serves to reinforce this logic, by tailoring institutions to the needs of the private sector and removing any ability of the state to intervene in the market.

In the case of Egypt, the discourse of institutional reform has allowed neoliberal structural adjustment to be presented not just as a technocratic necessity – but as the actual fulfillment of the demands innervating the uprisings.

his fundamental message has been repeatedly emphasised by US and European spokespeople over the last weeks: this was not a revolt against several decades of neoliberalism – but rather a movement against an intrusive state that had obstructed the pursuit of individual self-interest through the market.

The political demands heard on the streets of Egypt today – to reclaim wealth that was stolen from the people, offer state support and services to the poor, nationalise those industries that were privatised and place restrictions on foreign investment – can be either disregarded or portrayed as "anti-democratic".

Precisely because Egypt’s uprising was one in which the political and economic demands were inseparable and intertwined, this effort to recast the struggle as "pro-market" is, in a very real sense, directly aimed at undercutting and weakening the country’s ongoing mobilisations.

There are two common elements to all the financial support offered to Egypt to date – an extension of loans (i.e. an increase in Egypt’s external debt) and promised investment in so-called public-private partnerships (PPPs).

n other words, contrary to popular belief, more money actually flows from Egypt to Western lenders than vice versa. These figures demonstrate the striking reality of Egypt’s financial relationship with the global economy – Western loans act to extract wealth from Egypt’s poor and redistribute it to the richest banks in North America and Europe.

Of course, the decision to borrow this money and enter into this "debt trap" was not made by Egypt’s poor. The vast majority of this debt is public or publically guaranteed (around 85%), i.e. debt that was taken on by the Mubarak government with the open encouragement of the IFIs. Egypt’s ruling elite – centred around Mubarak and his closest coterie – profited handsomely from these transactions (estimated in the many billions).

It is actually a debt swap – a promise to reduce Egypt’s debt service by $1 billion, provided that money is used in a manner in which the US government approves. This debt swap confirms the relationship of power that is inherent to modern finance.

The US is able to use Egypt’s indebtedness as a means to compel the country to adopt the types of economic policies described above.

Unless these loans are refused and the existing debt repudiated, Egypt will find itself in a cul-de-sac from which there is little chance of escape. Foreign debt is not a neutral form of "aid" but an exploitative social relation established between financial institutions in the global North and countries in the global South.

OPIC’s mandate is to support US business investment in so-called emerging markets; it provides guarantees for loans (particularly in the case of large projects) or direct loans for projects that have a significant proportion of US business involvement and may face political risk.

In the case of Egypt, this is likely to take place primarily through the use of US government funds to establish public-private partnerships (PPPs). A PPP is a means of encouraging the outsourcing of previously state-run utilities and services to private companies. A private company provides a service through a contract with the government – typically, this may include activities such as running hospitals or schools, or building infrastructure such as highways or power plants.

OPIC’s intervention in Egypt has been explicitly tied to the promotion of PPPs. An OPIC press release, for example, that followed soon after Obama’s speech, noted that the $1 billion promised by the US government would be used “to identify Egyptian government owned enterprises investing in public-private partnerships in order to promote growth in mutually agreed-upon sectors of the Egyptian economy.”

Anyone who has any illusions about the goals of the EBRD’s investment in Egypt would do well to read carefully the EBRD 2010 Transition Report. The report presents a detailed assessment of the East European and ex-Soviet republics, measuring their progress on a detailed set of indicators. These indicators are highly revealing: (1) Private sector share of GDP; (2) Large-scale privatisation; (3) Small-scale privatisation; (4) Governance and enterprise restructuring; (5) Price liberalisation; (6) Trade and foreign exchange system; (7) Competition policy; (8) Banking reform and interest rate liberalisation; (9) Securities markets and non-bank financial institutions; (10) Overall infrastructure reform.[5] Only countries that score well on these indicators are eligible for EBRD loans. A research institute that tracks the activity of the EBRD, Bank Watch, noted in 2008 that a country cannot achieve top marks in the EBRD assessment without the implementation of PPPs in the water and road sectors.

Moreover, fully embracing the pro-market ideological discourse discussed above, the Egyptian government promised to relax control over foreign investments through committing “to overcoming the previous shortcomings of excessive government centralisation. In addition, we will build on existing initiatives to achieve a greater level of decentralisation, especially in terms of local planning and financial management”.

As the decades of the Egyptian experience of neoliberalism illustrate all too clearly, these measures will further deepen poverty, precarity and an erosion of living standards for the vast majority. Simultaneously, the financial inflows will help to strengthen and consolidate Egypt’s narrow business and military elites as the only layer of society that stands to gain from further liberalisation of the economy. The expansion of PPPs, for example, will provide enormous opportunities for the largest business groups in the country to take ownership stakes in major infrastructure projects and other privatised service provision. Alongside foreign investors, these groups will gain from the deregulation of labour markets, liberalisation of land and retail activities, and the potential access to export markets in the US and Europe.

These measures also have a regional impact. Their other main beneficiary will be the states of the Gulf Cooperation Council (Saudi Arabia, Kuwait, United Arab Emirates, Bahrain, Qatar and Oman), which are playing a highly visible and complementary role alongside the IFIs. Saudi Arabia has pledged $4 billion to Egypt – exceeding the amounts promised by the US and EBRD.

As with the investments from Western states, these financial flows from the GCC are dependent upon the further liberalisation of Egypt’s economy, most likely through the mechanisms of PPPs. Indeed, Essam Sharaf, Egypt’s interim prime minister, and Samir Radwan, finance minister, have both travelled frequently to the GCC states over recent months with the aim of marketing PPP projects, particularly in water and waste water, roads, education, health care and energy.

In essence, the financial initiatives announced over recent weeks represent an attempt to bind social layers such as these – Egypt’s military and business elites, the ruling families and large conglomerates of the GCC, and so forth – ever more tightly to the Western states. The revolutionary process in Egypt represented an attack against these elements of the Arab world.

Since the death of Nasser 30 years ago, the top leadership of the army has been controlled by the US and corrupted by the money of the US and the Gulf countries; and they accepted the polices of submission of Mubarak and Morsi. But everybody should know that the Egyptian army is not just its top leaders but also thousands of officers who remain patriotic. They are not necessarily progressive, nor socialist, but they understand that the people don’t want Morsi. The new Prime Minister, Hazem Al Beblawi, I knew him personally. He was a brilliant student of economics. I don’t know what his mind is like today, but he’s a clever man, able to understand that continuing neoliberal policies would be a disaster.

Hundreds of thousands who are organized. They are those who started Tamarod. These young people are politicized, they discuss politics continuously. They do not accept following parties; they have no confidence in bourgeois parties, democratic parties or even socialist parties.

To have a movement getting together with a minimum common program is important: there are discussions among various partners, particularly with the organizations of the youth. There is a need for a common program which is to meet the immediate challenge; it is not a program for socialism, but a program to start moving out of the trap of neoliberalization by restoring the power of the state, and the other dimensions of starting to move out of the rut of the alliance with the US, Israel, and Gulf countries, and to open new relations with partners, particularly with China, with Russia, with India, with South Africa, so that we can start having independent policies and therefore reducing the influence of the US, of Israel, and of the Gulf countries.

First is the task of social justice: it is not socialism. It is a set of good and important reforms of management of enterprises; the end of privatization; recapturing of the enterprises which have been given at very low prices to private companies; a new law of minimum wages; a new law for working conditions, a new law of labor rights – strikes and so on; a new law of participation of the working people with the management of the enterprises in which they would have a say.

second task is to address the national question. It is a question of dignity. People want a government that represents Egypt with dignity and self-respect. It means a government which is independent, not one accepting the US’s orders, not standing with Israel’s repression of Palestinians. A government independent of the Gulf countries who are allies of the US, they can’t be anything else. In this context, China has a big responsibility. It would be great if some people in China say frankly : “we are with you and we are prepared, if you ask, to help you solve your economic problems.” Such a declaration would have a tremendous echo in Egypt. There are slogans on the streets of Cairo, “we don’t need US aid, we can also get it from other countries”. We don’t need US aid - which is associated with corruption and political submission. This is called a national independent policy, in order to be able to develop a sovereign Egyptian project.

We should have a popular parliament, which is not an elected parliament. It is a parliament which consists of people sent by the organizations of the movement, by the trade unions, by the women organizations, by the youth organizations. This is the true parliament, more than a so-called elected parliament in which the distribution of party is so unequal and biased. You can call it not-a-socialist-program, but a national, democratic, sovereign, and progressive program.

On one hand, we can say the US accepted and supported the army and the new government, but on the other hand, they tried to put pressure to bring back the old reactionary, which is not Muslim Brotherhood but the salafists. This is the plan of the US, which is not to help Egypt out of the crisis, but to use the crisis to destroy more.

These groups are coming from Libya. Since Libya has been destroyed by the western military operation, Libya has become the base for all kinds of Jihadists. There are Jihadists with strong arms including missiles coming from the desert, this is the real danger. Also in the Egyptian peninsula of Sinai small Jidahist groups supported by Israel and the Gulf countries are carrying out terrorist actions.