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As you are waiting for your deliveries to cross the #suezchannel, here are a few factsabout this lifeline for the global economy and Egypt's government budget. A long🧵about #debt, #capitalism, #civilization, and related myths. 1/ 
The construction of the channel from 1859 to 1869 was not only a technical achievement, but also the result of a geostrategic struggle between 🇫🇷 wanting to increase its trading power through a channel, and🇬🇧 interested in shortening and controlling the shiproute to India. 2/
At the period, the Egyptian Khedives Mohamed Said (1854-63) and Ismail Pasha (1863-79) had launched ambitious reform and modernization programs. The plan was to catch up to the "civilized" world by i.a. establishing property rights in land and liberalizing the economy. 3/
