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1 results

  • 2 - Case Study

  • Robert Kubinec, New York University Abu Dhabi
  • Book:
    Making Democracy Safe for Busines
    Published online:
    22 June 2023
    Print publication:
    06 July 2023, pp 46-76

  • Summary

    This chapter explains how Egypt became a state with a high level of crony capitalism, and also why the Arab Uprisings failed to change the status quo despite throwing out the prior regime. The rise of the Egyptian military, and in particular its economic holdings, consolidated business support behind a military coup that overthrew democracy and pushed Egypt back toward corrupt dictatorship. Business had relatively little choice, but nonetheless played an important role building a new authoritarian regime.