The armed forces champion a form of capitalism that is generating revenue, but its reliance on rent faces diminishing returns, leaving the country with massive sunk costs and deferred returns, deepening dependency on external borrowing.
Yezid Sayigh
Source: Getty
The U.S. election was not merely a local affair as the world awaited its outcome with great intensity. The current U.S. election opened our eyes to the merits of American democracy in particular and those of Western democracy in general.
The U.S. election was not merely a local affair as the world awaited its outcome with great intensity. I had never been interested in the U.S. presidential election until this year and the reason for my interest is Barack Obama. My feelings are not influenced by his African roots or his middle name (Hussein), as I do not form my opinions on the basis of anyone’s religion, whatever it may be. Even in the United States, those who pointed to Obama’s roots or religion met with disapproval. Most notable was the position taken by Colin Powell—a high profile figure in the Republican Party—who correctly asked “so what if Obama were a Muslim?” underlining that the nature of the question ran contrary to the spirit of the United States. He then announced his support for Obama despite his party affiliation.
Gamal Al-Ghitany
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
The armed forces champion a form of capitalism that is generating revenue, but its reliance on rent faces diminishing returns, leaving the country with massive sunk costs and deferred returns, deepening dependency on external borrowing.
Yezid Sayigh
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