STAFF NEWS & ANALYSIS
Tunisia Youth Revolution Running Down, Though it Doesn't Have To
By Staff News & Analysis - September 14, 2012

Tunisia running out of 'enthusiasm' … In 2011, shortly after the Tunisian people threw out Zine el-Abidine Ben Ali and pressed the restart button on their government, I gave an interview in which I was asked what it was about events in Tunisia that led me to be such an early believer that something important was happening. At the time I said one word: enthusiasm. The enthusiasm of the Tunisian people for reform is what caught my attention. It was an enthusiasm for change that I had not seen before in the Arab world. A few weeks ago, as I completed a 10-day trip to the country, including meetings with the prime minister's office, civil society, and private-sector leadership, I concluded that while the enthusiasm is still there, it is at risk due to challenges facing the economy and lack of investment. – Winnipeg Free Press

Dominant Social Theme: It is a pity that revolutions run out of enthusiasm.

Free-Market Analysis: Maybe it is too much to expect that a successful entrepreneur should prescribe an antidote to Tunisia's spiraling, aggregate depression. And David Nassar, CEO of Hotspot Digital, does not provide a solution.

Instead, he spends a lot of time providing a post-mortem, which is too bad. He does have some positive ideas to spread, most of which have to do with generating additional investment capital for Tunisia.

He sees Tunisia as needing an aggressive industrial policy of some sort because it is a small country with a small population. Additionally, he mentions that the unemployment problem is still fairly intractable, even though that was one of the supposed reasons for the revolution.

Here's some more from the article:

Tunisia is a small state, with a population of just over 10 million, and as such requires some unique natural or developed resources to compete with larger countries in the global market.

Because Tunisia lacks natural resources, since its independence from France in 1956, it has attempted to develop its people, and has succeeded in establishing one of the best education systems in the Arab world, ranking second behind Jordan in the 2007 Human Development Index.

Ironically, the 2011 revolution was fueled by the unmet expectations for jobs of those well-educated young people and their parents. The 2010 unemployment rate in Tunisia was approximately 14 percent and that almost certainly is an underestimate …

To build on the momentum against corruption, the constitutional assembly has established an authority of national good government and anti-corruption in article 1.13.7 of the country's draft constitution. This authority's primary goal is to make sure that government actions are transparent.

However, dealing with corruption only addresses a small portion of the problem. According to the CIA World Factbook, Tunisia's 2011 unemployment reached 18 per cent. And this spike, in part, can be attributed to the drop-off in tourism and foreign direct investment (FDI) after the revolution.

Overall, the economy declined by 1.1 per cent in 2011 according to the African Economic Outlook and Real GDP growth has only recently matched the North African average, but still lags behind the continent as a whole.

If Tunisia is to pull itself out of this, it must do three things: attract more foreign investment; generate more internal investment in new large as well as small and medium enterprise (SME) businesses, and reinvigorate the tourist sector.

On its face, these sound like fairly reasonable suggestions, but like so many articles in the mainstream press, this one is flawed not by what it suggests but what it leaves out.

Perhaps Mr. Nassar does not read the alternative media and is therefore unaware that the Tunisian "revolution" was likely sponsored by the American State Dept. and US Intel agencies, via AYM.

Such an "independence movement" is bound to end in tears, as there was never any intention of changing the society's fundamental underpinnings.

We wrote previously of the Tunisian "Jasmine" revolution as follows:

The Tunisian Jasmine Revolution contains [these] narrative notes: anarchy, grave authority figures promising significant democratic reform and even reports that various WikiLeaks leaks memos are the reason for the rioting. Of course, the anger and unrest are real, but the narrative may not be quite so accurate. Leaving aside the raw reality of the violence and individual tragedy, it feels a bit … pat.

Not only pat but ultimately dysfunctional. We're not surprised that nothing's changed but once we understood the extent of Western involvement, we ceased to expect in the short term that things would get much better. That wasn't the point, after all.

The point, apparently, is to remove secular governments, create Islamic republics and gradually utilize the Muslim Brotherhood to set up the prospect of a controlled war (hot or cold) between Islam and the West. Out of chaos … order – and more elements of world government.

Increasingly, as this process continues, we'll read well-meaning articles by people like Mr. Nassar. This article has all the hallmarks of responsible, well-meaning intentions.

But, you know, if Mr. Nassar really wanted change, the solution is quite obvious. Let Tunisia shut down its central bank and back its currency with gold or silver.

The solution to the kinds of problems that Tunisia faces is absurdly simple. In a year's time massive capital would flow to Tunisia.

That such smart people as Nassar don't suggest such a simple solution is evidence of two points: First, monetary illiteracy. Nassar may simply not comprehend the world's monetary system and how it needs to change.

The second point is more nefarious and not aimed specifically at Nassar. It is evident, given the simplicity of the solution and its lack of consideration, that considerable control is being exercised when it comes to these so-called revolutions.

Over and over, without fanfare and even in secrecy, one of the first events that takes place after a "revolution" or Western-inspired change of government is the establishment of a Western-style central bank.

It happened in Afghanistan and in Iraq and after Tunisia's FIRST revolution it happened there, too. Wikipedia tells us: " Tunisia gained independence in 1956. The Central Bank of Tunisia was formed two years later in 1958."

What are the odds of that, eh? Your revolutionary visionaries wake up one day and decide that their revolution simply isn't complete without a central bank controlled out of Switzerland by the elite-owned Bank for International Settlements.

Some revolution … some revolutionaries!

After Thoughts

The day we see one – just one – of these newly established "revolutions" sponsor a metals-backed currency we'll believe it is the genuine artifact. Until then, well … pardon our skepticism.

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