Before an election, candidates will sell their dreams and illusions to the electorate, but afterwards they are judged on their actions, not their words. Mohammad Gouda is a member of the Economic Council and Secretary for Education of the Muslim Brotherhood's Freedom and Justice Party, which won the parliamentary elections in Egypt. He has vowed to boost Egypt’s economic standing above Turkey and Malaysia.
Of course, this is not impossible: Egypt is capable. Its economic failure can only be blamed on its political leadership, namely the leadership of the Mubarak regime, which represents thirty years of failed management. But the worry is that Gouda – and he is one of the more economically minded members of the new ruling party – is being unrealistic, and perhaps all his talk is nothing more than coffee-house gossip!
For example, he says that income from the Suez Canal could increase to $100 billion within a year. How is this possible? If we understand that annual income from the Suez Canal produces around $5 billion, this means that he believes he can collect twenty years of shipping tolls in a single year!
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