Goldman summarizes the basics as follows:
- The misnamed “Arab Spring,” really a convulsion of a dying society, began with food shortages. Egypt imports half its caloric consumption, 45% of its people are illiterate, its university graduates are unemployable, its $10 billion a year tourism industry is shuttered for the duration, and its foreign exchange reserves are gradually disappearing.
- A country that can’t teach half its people to read, and can’t produce employable university graduates, and can’t feed itself, is going to go down the drain.
- The result, I predict, will be a humanitarian catastrophe that makes Somalia look like a picnic.