Cairo food riots, 1977 © John McIntyre | Flickr
CapitalismEssaysFeature

The IMF Makes Class Warriors of Us All

On October 24, 1973, the Egyptian military, under the command of General Hosni Mubarak, and under instructions from President Anwar Sadat, dealt an unprecedented blow to the most powerful regime in the Middle East: Israel. As the Egyptian army crossed the Suez Canal and established bridgeheads in the Sinai peninsula, it changed the fortunes of a hitherto shaky Egyptian presidency. Until this victory over IDF forces, Sadat had struggled to appear as the legitimate heir to the iconic Gamal Abdel Nasser, but this victory, which wiped out the stain of defeat of 1967, in one stroke turned Sadat from a hesitant, accidental president into the batal al-‘ubur or Hero of the Crossing.This event and this moniker were all the more significant in light of what followed. …

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