Egyptians Revolt - Rubin's Folly and Labor Arbitrage

Egypt Followed China's Model

Mubarak Enterprises went about globalization in the Chinese fashion, by setting up factory zones, and in many cases inviting Chinese companies to run them. Discipline was provided brutally by the police forces who otherwise spent their time rounding up political dissidents. Unions and labor organizing were not allowed. Government turned a blind eye to working conditions under the “virtuous necessity” of deregulating the economy so private enterprise could thrive

http://www.economicpopulist.org/content/egyptians-revolt-rubins-folly-and-labor-arbitrage

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