But the worst problems are economic. Remittances from foreign workers have declined since the upheaval in neighboring Libya. Sabotage against the pipeline sending natural gas to Israel and Jordan ended that source of income. Tourism has obviously collapsed. Inefficiencies mean that this hydrocarbon-producing country lacks the fuel to run tractors at full capacity. Socialist-era factories churn out sub-par goods.
Egypt imports an estimated 70 percent of its food and is running fast out of hard currency to pay for wheat, edible oils, and other staples. Hunger looms. Unless foreigners subsidize Egypt with tens of billions of dollars of aid a year into the indefinite future, a highly unlikely scenario, that hunger looks unavoidable. Already, about one out of seven poor families have cut back on their food intake.
Looming over all these dangers, the Ethiopian government exploited Egypt's weakness a few weeks ago to begin building a dam on the Blue Nile that could entail a reduction in water being supplied to Egypt from 55 billion cubic meters to 40 billion, a move that has incalculably negative implications for life in the country known as the Gift of the Nile.
As these economic disasters hit, the year-long interlude of Islamist rule by Morsi & Co., which did so much to exacerbate these problems, may well be forgotten – and whoever inherits the rule will take the blame. In other words, the pain Egyptians have and will go through may be for naught. Who knows, they might in desperation turn again to Islamists to pull them out of their future predicament. Likewise, the Muslim Brotherhood's brief time in power means other Muslim peoples will also not gain as they should from Egypt's dire experience.
On another subject, Lee Smith of the Hudson Institute speculates that Egypt's new rulers will see a short war with Israel as the only way to "reunify the country and earn Egypt money from an international community eager to broker peace," as well as "return Egypt to its former place of prominence" in the Middle East. Such a war would likely achieve none of these goals – Egyptian forces would probably get clobbered, leaving the country yet poorer and weaker – but one cannot discount this possibility. Egypt's military leaders have many times before engaged in follies against Israel.
In short, my joy at Morsi's departure more than offset by my concern that the lessons of his misrule will not be learned.