"When asked whether the sliding prices had allowed him to reconstitute any of his business, Hassan tried to put them in broader context. He noted that a liter of milk cost LE 5.5 now as opposed to LE 2.5 four years ago. Oil cost LE 4.5 four years ago and LE 10 now."
In addition, under pressure of the crisis, and given the balance of power both at international and national levels, measures taken in response to the crisis may involve greater inequality. An example is the Bush bailout plan of $700 billion where that amount will have to come out of taxes and the tax burden will proportionally fall on lower income groups.
Simply put, measures to address the crisis will be in favour of capital and at the expense of labour.
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Food industry exports increased 39 percent year-on-year to $580 million