After the revolution

Here’s an interesting point in relation to Tunisia:

…The protesters came together after circulating calls to rally over social networks like Facebook and Twitter. Many were unemployed college graduates, and they angrily demanded more jobs and denounced what they called the self-enrichment of Tunisia’s ruling family….

There will be no jobs. Many Arab countries have autarkic economics where good white collar jobs come from the government. Petro-states can fund these jobs through revenues which gush in during commodity booms. Tunisia is not a petro-state. In a modern economy only the private sector can drive real growth. Without reforms this revolution will sour.

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