The Intelligence from The Economist Syria’s condition: Bashar al-Assad
Jun 19, 2020
Join Callum Williams, a Senior Economics Writer for The Economist, as he dives into Syria's dire economic state under Bashar al-Assad. They discuss the impact of U.S. sanctions, examining the regime's struggle amidst growing civilian unrest. The conversation shifts to America's debate on reparations for slavery, exploring complex solutions like baby bonds. Williams also touches on the changing dynamics of loyalty in Syria and how corporate America is grappling with racial equity in light of Juneteenth.
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Assad's Economic Woes
- Assad's military gains haven't improved Syria's economy.
- The war devastated infrastructure, displaced people, and destroyed the manufacturing hub.
Assad's Economic Measures
- Assad blames others, cuts imports, and limits bank loans.
- He also targets powerful businessmen, including his cousin, for funds.
Assad's Crumbling Support
- Syria's economic crisis threatens Assad's rule more than the war did.
- His patronage network crumbles as minorities question his leadership and ability to provide.