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To Morsi's Allies: It's the Economy, Stupid

With the inevitable and imminent collapse of the economy under the Muslim Brotherhood, it’s time for the Brotherhood's allies to rethink their position on Egypt, writes Karim M. Abadir.
The Egyptian Exchange bell is seen at the stock exchange in Cairo April 1, 2013. Selling pressure from foreign investors dragged Egypt's bourse down to a near 16-week low on Sunday as the country's economic situation worsens, while Gulf markets were mixed.   REUTERS/Mohamed Abd El Ghany (EGYPT - Tags: BUSINESS) - RTXY4MN

Egypt will fail soon. With the Muslim Brotherhood at the helm, the collapse is both inevitable and imminent.

“It’s the economy, stupid,” as someone famously said, and I’m not even going to talk about the other aspects of the Brotherhood's ineptitude. Running an economy requires a knowledge set that is substantially different from the skills needed to run a business, and it seems that the Brotherhood has no one knowledgeable enough in modern economics, much less the whole team that is needed for this.

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