You are herecontent / The Egyptian Labor Uprising Against Rubinites

The Egyptian Labor Uprising Against Rubinites

By Matt Stoller, the former Senior Policy Advisor for Rep. Alan Grayson. His Twitter feed is @matthewstoller

Via Wikileaks, we learned that the son of the former President of Egypt, Gamal Mubarak, had an interesting conversation in 2009 with Senator Joe Lieberman on the banking crisis. Gamal is a key figure in the forces buffeting Egypt, global forces of labor arbitrage, torture, and financial corruption. Gamal believed that the bailouts of the banks weren’t big enough – “you need to inject even more money into the system than you have”. Gamal, a former investment banker trained at Bank of America, helped craft Egypt’s industrial policy earlier in the decade.

Our purpose is to improve Egyptians’ living standards. We have a three-pronged plan to achieve this: favoring Egypt’s insertion into the global economy, reducing the state’s role in the economy, and giving the private sector greater freedom.

Deregulation, globalization, and privatization. This should be a familiar American recipe, commonly associated with former Treasury Secretary and Goldman Sachs chief Bob Rubin. That Rubinite rhetoric has been adopted by the children of strongmen shows the influence of Davos, the global annual conference of power brokers. Gamal, far more polished than his father, understood that the profit and power for his family lay in cooperating with foreign investors to squeeze labor as hard as possible.



Speaking Events


War Is A Lie: Second Edition
Published April 5, 2016
Tour begins here:

(Invite David Swanson to your town!)


April 11, Washington, DC, 6:30-8:00 p.m. at Busboys and Poets at 5th and K Streets.
Sign up on FB.


April 12, Baltimore, MD, 7:30 p.m. at Red Emma's.
Sign up on FB.



April 14, Bellingham, WA, Bellingham Unitarian Fellowship, evening

April 15, Seattle, WA

April 16 Portland, OR




Other Events Here.


Support This Site


Get free books and gear when you become a supporter.



Speaking Truth to Empire


Families United


Financial supporters of this site can choose to be listed here.

Buy Books

Get Gear

The log-in box below is only for bloggers. Nobody else will be able to log in because we have not figured out how to stop voluminous spam ruining the site. If you would like us to have the resources to figure that out please donate. If you would like to receive occasional emails please sign up. If you would like to be a blogger here please send your resume.
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Enter the characters shown in the image.