A Broken History: Contemporary Lebanon (1958–2018) – How the Lure for Profit Destroyed a Nation

Frédéric Farah and Jérôme Maucourant

A chapter in Trajectories of Declining and Destructive Capitalism, 2025, vol. 40, pp 169-182 from Emerald Group Publishing Limited

Abstract: The crisis in the Lebanese economy, unique in contemporary economic history, is the result of a choice made by the ruling elite. Refusing to rebuild the State after the civil war, it set out to divide the nation in order to reign over it. This economic crisis is political in nature, and the lessons we can learn from it are important for the Arab world, where ‘political capitalism’ is rife.

Keywords: Lebanon; political capitalism; crisis; economic history; ruling elite; State; nation; predatory system; Dutch disease; civil war; Arab world (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eme:rpeczz:s0161-723020250000040011

DOI: 10.1108/S0161-723020250000040011

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