Lebanon and its Unhappy People
Lebanon is a rare commodity these days, one of the few Arab countries without a facebook revolution. This is more than just an interesting bit of trivia, it’s a fact we should be capitalizing on, fixing our infrastructure, improving our public services: transport, power, water, communication, going at it hammer and tongs, full speed ahead to attract foreign investors, value creators, all those leaving the sinking ships of North Africa and Arabia. We should be aiming to attract all the wealthy exiles thrown out by their revolutions and all their capital. Now that would really make us the Switzerland of the Middle East. But our financial system is already choking with excess liquidity, plagued as we are by dull edged, unimaginative bankers and policy makers who can’t find enough creative ways to invest all the money in their vaults. Greenfields and Start ups, the nutrient-rich topsoil of economic activity in any country, have the hardest time of all getting access to funds. Simply put t...