The Second Republic: Remaking Egypt Under Abdel-Fattah el-Sisi

This does not sound very flattering to the current president of Egypt! Why does Egypt still need pharaohs in the 21st century?

"President Abdel-Fattah el-Sisi seeks to modernize Egypt. The “new republic” he is building is marked by a radical redefinition of the social contract established after 1952, a new form of state capitalism, and a reinforcement of presidential powers within an emerging military guardianship. The regime is strong and cohesive at the top, however, its inability to achieve social and political hegemony and its overreliance on coercion leave the Second Republic at permanent risk of unravelling. ...

Only repeated massive injections of capital by external partners have kept the regime from failing dramatically, but this has enabled it to maintain public policies and investment strategies that have exacerbated economic problems and left it ill-equipped to confront future challenges; ..."

The Second Republic: Remaking Egypt Under Abdel-Fattah el-Sisi | Carnegie Endowment for International Peace "Egyptian President Abdel-Fattah el-Sisi is building a new republic defined by a social ethos of “nothing for free,” a new form of state capitalism, and hyper presidential powers set within a military guardianship that secures his regime but leaves it unable to resolve political, economic, and social challenges."