Events in Egypt have moved rapidly and it seems now that the Supreme Military Council will take over and run the country, at least until the next election.  While this solution to the crisis may satisfy the protesters for the time being, I do not think it will work.  The reasons are quite simple.The military group and the protesters have different objectives, which do not agree in the long run -- and likely even in the medium run.  The main problem is that no Egyptian government, no matter who runs it, can really satisfy the economic needs of the protesters as long as Egypt remains a thoroughly socialized state, with 35% of the workforce in the government.  All kinds of price controls and subsidies abound.  I recall, when visiting Egypt some years ago that bread was so cheap that farmers would feed it to animals in preference to feed that was not subsidized. The military is a privileged group.  They get good salaries and perks, good pensions, and good...(Read Full Post)