Arab Socialism: Difference between revisions
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The Making of Egypt's Modern Economy], ''UC Press E-Books Collection, 1982-2004''</ref> While the state-owned enterprises (SOEs), which in practice were [[File:Corp.png]] [[Corporatocracy|joint-stock companies where the majority of assets were owned by the State]], preserved the profit motive, Nasser also mandated that [[File:WPD.png]] [[Socialism|nearly one-third of the board of directors had to be elected by workers]].<ref>[https://countrystudies.us/egypt/34.htm Nasser and Arab Socialism], ''Country Studies''</ref>
It should be noted that two-thirds of the Egyptian economy remained in private hands: [[File:Distributist.png]] [[Distributism|Mostly small-medium enterprises.]]<ref>[https://archive.org/details/isbn_9780312286835/page/138/mode/1up?q=private Nasser: The Last Arab] by Saïd K. Aburish</ref> Nasser made many members of the [[File:Cap.png]] national bourgeoise key allies of his regime; he absorbed them into SOE management and suppressed [[File:SyndieSam.png]] union opposition to them.<ref>[https://www.jstor.org/stable/163640 Labor, Capital, and the State in Nasserist Egypt, 1952-1961], ''JSTOR''</ref><ref>[https://www.socialismtoday.org/archive/147/nasser.html Nasser’s Egypt and Arab nationalism], ''Socialism Today''</ref> His land reform, though marketed as peasant-centric (and to some degree it did improve their lives through the promotion of [[File:
Nasser also enacted several anti-poverty programs; including, though not limited to, universal healthcare, unemployment insurance, and old-age and disability pensions.<ref>[https://www.e-ir.info/2018/07/23/egypts-social-welfare-a-lifeline-for-the-people-or-the-ruling-regime/ Egypt’s Social Welfare: A Lifeline for the People or the Ruling Regime?], ''E-International Relations''</ref> Nasser sought to decommodify food through a comprehensive system of consumer cooperatives, although several food shortages were blamed on this system.<ref>[https://www.jadaliyya.com/Details/41782 The Democratization of Well-Being in Nasser’s Egypt],''Jadaliyya''</ref> Despite such shortcomings, Nasser's social insurance schemes ensured minimal resistance to his policies and generally increased living standards for the average Egyptian. He also implemented [[File:Corptism.png]] [[Corporatism|corporate-based representation in the National Assembly]] (e.g., students, labor, and industry) so that economic policies are reflective of the various interest groups in society.
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