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by tomatocracy 2507 days ago
The previous strongmen regimes were rather better for foreign investors than the current regimes and foreign investors would probably rather have seen stable governments gradually improving rights for foreign investors (certainly as an investor in one of those countries at the time through my work, from a purely business perspective I would have preferred a more peaceful path towards democracy). I don't think foreign investors were cheerleading the Arab spring therefore.
1 comments

There's something absolutely twisted about your argument's implicit acceptance of a state that runs roughshod over its own populace, but treats foreign investors with the Velvet glove while turning a profit through the meat grinder.

If you can't see the good of the balance sheet shouldn't always justify the enablement of despotism... Well... I'm probably not going to make any convincing argument that'll make it past the pragmatism filter.

I think you misunderstood what I was saying - it wasn’t that I supported the strongmen regimes per se (or even that I think foreign investors as a group did) but that I was skeptical of the idea that the revolutions happened because ‘business’ wanted them. My view is that a smoother transition to democracy would have had most support from foreign investors. The revolutions were brutal for investors in those countries and more importantly for many of the people there.