Militarized Capitalism Under El-Sisi

The coup of 2013 that brought President El-Sisi to power was a watershed moment in Egyptian history. It not only led to a radical transformation of the country’s political system and a period of direct military rule. It also transformed the economy.This book is the first to offer an in-depth analysis of the changes in Egyptian capitalism under El-Sisi. Using Marxist theory, it presents a unique view of the long-term impact of the militarization of the economy. This is an economic model where surplus values in Egypt are in a process of continuous pillaging by the military elites, backed by mass state violence. Furthermore, based on fiscal, budgetary and economic data from official state sources and international organizations, Maged Mandour reveals how the regime’s allies, international financial institutions and financial markets play an integral role in the development of capitalism under El-Sisi.Covering Egypt’s economic prospects, the country’s dramatic debt crisis and the deprivation of the Egyptian people, this book is an urgent analysis of the devastating financial consequences of military rule in Egypt.