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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. She is currently on leave.
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Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero � all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

Freedom's Just Another Word for 'No One Telling You What to Do'

By Megan McArdle
Jan 28 2011, 3:34 PM ET Comment

Doug Mataconis points out that toppling Mubarak doesn't necessarily mean greater liberalisation:

First Tunisia, then Egypt, then Yemen, now the protests have reached Jordan:

(Reuters) - Islamists, leftists and trade unionists gathered in central Amman Friday for the latest protest to demand political change and wider freedoms.
A crowd of at least 3,000 chanted: "We want change."
Banners and chants showed a wider range of grievances than the high food prices that fueled earlier protests, and included demands for free elections, the dismissal of Prime Minister Samir Rifai's government and a representative parliament.

The protest after Friday prayers was organized by the Islamic Action Front, the political arm of the Muslim Brotherhood which is the only effective opposition and biggest party, but included members of leftist parties and trade unions.
Jordan's protests, as in several Arab countries, have been inspired by the uprising that overthrew the Tunisian president
.

"After Tunisia, Arab nations have found their way toward the path of political freedom and dignity," said Zaki Bani Rusheid, a leading Islamist politician.

Demonstrations have taken place across Jordan calling for reversal of free-market reforms which many blame for a widening gap between rich and poor.


It's worth re-reading the two sentences I highlighted above. Populist unrest against authoritarian regimes in the Middle East won't necessarily bring about a new birth of freedom, which is why the Bush Administration's obsession with democratization was just incredibly naive.

I think it's important to distinguish between political and economic freedom.  Toppling Arab dictators might well mean less economic freedom--at least some of the unrest clearly stems from unhappiness with economic liberalization. But there's also the tantalizing possibility that it will mean more political freedom, without which economic freedom ultimately withers and dies.  That's far from a guarantee--the Iranian regime managed to quite effectively purge or co-opt the democratic and liberal elements of the 1979 revolution.  But overall, an Egyptian government with stronger democratic institutions, and an illiberal system of crop subsidies, state ownership, and currency controls, would still be a giant win for freedom.  The Bush regime was naive to think that establishing a liberal order was as simple as removing the one that came before it, and I have an article in the next issue which makes exactly that point.  But they weren't naive to think that removing the autocrat is a necessary first step.



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