. . . Egyptians are living through the worst food crisis in a generation, caught in a storm of stagnant wages, rising global food prices, rampant corruption, and a quickly advancing inflation rate that hit 16.4 percent in May. The price of basic commodities like bread, wheat, rice, and cooking oil has doubled since this time last year–prompting bread riots. . . . While [Egyptian President] Mubarak pushed for changes abroad, his government struggles to meet the basic needs of Egyptians. (Christian Science Monitor, Friday)
Who would've thought–a government not making things better for its people!
FEE Timely Classic
Reducing Poverty through Economic Freedom by Kimani S. Njoroge