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The Mideast is doomed. #Egypt alone needs to create 700,000 jobs EVERY SINGLE YEAR to absorb the new job seekers out its 98 million population. A third of this population already live below the poverty line (482 Egyptian Pound a month, which is less than $ 1 a day) ===>
2-The seeds of the #Viciouscircle that the Mideast region finds itself in today were planted at least 5 decades ago. Excessive public spending without matching revenues were the catalyst to a faulty & dangerous incentive system that helped to balloon populations beyond control
3-A governance system that was ostensibly put in place to help the poor ended up being a built-in factory for poverty generation. Excessive subsidies helped misallocate resources & mask the true cost of living for households. Correlation between family size and income was lost
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