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The second destruction: Syria and the upcoming reconstruction

The Makhlouf family was notorious for its corruption; it controlled transportation systems such as Tartous port and air transport, telecommunication companies, part of the oil industry, real-estate projects in addition to major business deals with the Syrian army. Instead of a developmental state th...

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Bibliographic Details
Published in:OpenDemocracy (London) 2013-03
Main Author: Ghanem, Nizar
Format: Magazinearticle
Language:English
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Summary:The Makhlouf family was notorious for its corruption; it controlled transportation systems such as Tartous port and air transport, telecommunication companies, part of the oil industry, real-estate projects in addition to major business deals with the Syrian army. Instead of a developmental state that took care of nurturing the productive forces of society, the reconstruction of Lebanon brought about the opening up of the Lebanese markets to international capital flows which resulted in a real-estate bubble that both destroyed the urban space of coastal cities in addition to creating a staggering inequality.
ISSN:1476-5888