Thursday, April 14, 2011

Capitalism will free you

In this Gala dinner of puppet Arabs, Clinton sells us the revolution that we achieved. She then proceeds to give us a pat on the head telling us that we're not so bad after all, we're almost humans, but there is still a long way to go. While at it, she tells us she'll soon be sending Margaret Allbright with a can of Coke to help us swallow the neoliberal reforms she intends to push for. Welcome to the US-sponsored New Beginnings.

"In the medium term, as Egypt and Tunisia continue building their democracies, we will work with our partners to support an ambitious blueprint for sustainable growth, job creation, investment, and trade. The U.S. Overseas Private Investment Corporation will provide up to $2 billion to encourage private sector investments across the Middle East and North Africa – especially for small and medium-sized enterprises. And we look forward to working with Congress to establish enterprise funds for Egypt and Tunisia that will support competitive markets, provide small and medium-sized businesses with access to critical low-cost capital. Our Global Entrepreneurship Program is seeking out new partners and opportunities. And we want to improve and expand the Qualified Investment Zones, which allow Egyptian companies to send exports to the United States duty-free.
To spur private sector investment, we are working with Partners for a New Beginning, an organization led by former Secretary Madeleine Albright, Muhtar Kent of Coca-Cola, and Walter Isaacson of the Aspen Institute. It was formed after President Obama’s Cairo speech and includes the CEOs of companies like Intel, Cisco, and Morgan Stanley. These leaders will convene a summit at the end of May to connect American investors with partners in the region’s transitional democracies, with an eye to creating more jobs and boosting trade.
Under the auspices of Partners for a New Beginning, the U.S.-North Africa Partnership for Economic Opportunity is building a network of public and private partners and programs to deepen economic integration among the countries in North Africa. This past December in Algiers, the Partnership convened more than 400 young entrepreneurs, business leaders, venture capitalists, and Diaspora leaders from the United States and North Africa. These people-to-people contacts have already helped lay the groundwork for cross-border initiatives to create jobs, train youth, and support start-ups. And there will be a follow-up meeting later this year in Morocco."

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