“When the West turned down Egypt's request for financial assistance to build a new dam on the Nile -- a national project deemed vital for the country's well-being -- the government of the time felt it had no choice but to go to the Soviet Union for help. By doing so, it committed the country to almost 20 years of Soviet influence, changing the geopolitics of the region in a consequential and durable manner.”

Mohamed El-Erian

Mohamed El-Erian - “When the West turned down Egypt's...” 1

Similar quotes

“With Yeltsin, the Soviet Union broke apart, the country was totally mismanaged, the constitution was not respected by the regions of Russia. The army, education and health systems collapsed. People in the West quietly applauded, dancing with and around Yeltsin. I conclude therefore that we should not pay too much attention to what the West is saying.”

Mikhail S. Gorbachev
Read more

“The humiliation of growing up a Jew in the Soviet Union, of cleaning piss-stained bathrooms in the States, of worshiping a country that would collapse as simply and inelegantly as the one he had abandoned.”

Gary Shteyngart
Read more

“Communism is Soviet power plus the electrification of the whole country.”

Vladimir Lenin
Read more

“In fact, among the people I met, the term soviet served essentially as a synonym for 'fucked up'. I'd been in the country about three days when a car that was sent to take me to an interview failed to start. After several attempts to get it going, the driver turned to me, smiled wearily and explained: 'Soviet car'. By that time, that was all the explanation I needed.”

Anthony DeCurtis
Read more

“Karl Marx got a bum rap. All he was trying to do was figure out how to take care of a whole lot of people. Of course, socialism is just “evil” now. It’s completely discredited, supposedly, by the collapse of the Soviet Union. I can’t help noticing that my grandchildren are heavily in hock to communist China now, which is evidently a whole lot better at business than we are. You talk about the collapse of communism or the Soviet Union. My goodness, this country collapsed in 1929. I mean it crashed, big time, and capitalism looked like a very poor idea.”

Kurt Vonnegut
Read more