http://mrzine.monthlyreview.org/2015/images/new_suez_canal.jpgSome will say: Just another "pharaonic" project. Yes, and why not? Egypt, with its 90 million inhabitants, needs "pharaonic" projects. This one, and others too: a new Nile valley, stretching from the Aswan High Dam to the Qattara Depression (to the west of Alexandria); exploitation of Egypt's gas resources; development of a million feddans (500,000 hectares) of additional arable land. Egypt can do it on its own, like China. It is said that the doubling of the Suez Canal will make it possible to reignite the Egyptian economy, creating a million jobs. It's possible; but there is a condition. Grand public works by themselves do not produce the miracle of an economic takeoff. For that to happen, a favorable terrain would have to have been prepared. The economic policy being implemented must be employed in such a way as to rebuild the productive industrial apparatus dismantled by the policies of liberalism: rebuild the productive industrial apparatus, with its heavy (steel, chemical) and light (textile, agro-food, automobile, etc.) components; renovate the agricultural capacities on the basis of small peasant cultivation. To do all that, there is no other way than to get out of the rut of liberalism, conceiving an overall sovereign project . . . like China.

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