“Yay, democracy!” the news said. “Egyptians are finally getting their chance to vote in free and fair elections!” Photographs on the news showed long lines of Egyptians patiently waiting to cast their ballots, and voters proudly displaying their purple, inked fingers for the cameras. These photos, and the mainstream new media’s reporting of the elections, only tell a very small portion of the story, however. Despite a few hiccups of violence and ballot-rigging, Egypt is well on its way toward democracy! That’s how the story goes, at least. But Egypt will be a democracy only in name so long as the parliament has no control over the constitution and the military budget.
In the scads of criticism thrown at SCAF, the military’s enormous economic power is often overlooked. We focus (as we should) mostly on the military’s most egregious violations that produce knee-jerk reactions, like violence against unarmed protesters, torture, and detention of activists. However, it is the military’s economic power and desire to hold onto this economic stability that is perhaps the largest factor in SCAF’s continued grasp on power. And yet, few people discuss this.
Last week SCAF’s Major General Mahmoud Nasr announced that the army will loan $1 billion (USD) to the central bank, which is struggling with plunging foreign reserves. $1 billion! To put that in perspective, the U.S. government gives $1.3 billion of aid to the Egyptian military annually. This is a massive amount of money for SCAF to have at its fingertips. The fact that SCAF has $1 billion in liquid assets at its disposal raises the question: how much of the Egyptian economy does the military really own and control? The lack of transparency makes it impossible to ascertain an exact figure, but the answer could be summed up as “A LOT!” The military owns vast swaths of empty land, farms, highways, housing developments, schools, hotels, factories, and much more. In the end, it won’t be because of SCAF’s affinity for detaining activists or censoring the news media or suffocating protesters with tear gas that SCAF will refuse to cede power. It will be because of the military leadership’s fear of losing their livelihoods and the stability that this economic preponderance has guaranteed them. The military will go, but not because of elections. SCAF needs a bigger shove. And the revolution continues.
























