A Strategy for North Africa in the current Century

Amr El-Abyad.

One of the rather peculiar features of capitalism is having its nemesis–socialism– as its twin flip. Surely, corporations and equity are forms of socializing the capitalist gain and it has been the case since the inception of capitalism in its modern form in the early 18th century, setting it apart of the previous mode of venturing sole merchants and their financiers. There were cheating and abuse, and still are, yet the learning curve smoothed up the functioning of capitalism.

Another, even more bewildering, aspect of capitalism is its susceptibility to speculation. Stock markets, commodity prices, oil, currency valuation rise and fall– incrementally at times and suddenly at others– based on speculations trickling down from pundits to people. The fluctuations are functions of information-based assessments. Alas, information is asymmetrical between social groupings; nations; and regions leading to local and global stratification. Nevertheless, advances in cultural and intellectual infrastructure improve checks and…

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