0
Rpsh Posted 12 years ago
Vocabulary

for pals

The absence of a liberal state has been matched by the absence of a liberal economy. After independence, the prevailing orthodoxy was central planning, often Soviet-inspired. Anti-market, anti-trade, pro-subsidy and pro-regulation, Arab governments strangled their economies. The state pulled the levers of economic power—especially where oil was involved. Where the constraints of post-colonial socialism were lifted, capitalism of the crony, rent-seeking kind took hold, as it did in the later years of Egypt's Hosni Mubarak.

Privatisation was for pals of the government.

Virtually no markets were free, barely any world-class companies developed, and clever Arabs who wanted to excel in business or scholarship had to go to America or Europe to do so.

At the beginning, I think this is a typo. But as a pattern of 'Privatisation was pals of the government', I think 'pal' is OK. Then I figure that maybe the phrase here is 'be for'. However, I don't know what it means in the paragraph. Why does the privatisation become the pals of the government? That the interpretation of this sentence is 'privatisation is just profit-making for the private relationship of government ' even makes me more confused. Could you tell me your comment?
  

Top answer

Privatisation was for pals of the government = Only government cronies were permitted to act as if they were in a liberal economy rather than a state-controlled one.

  • Privatisation was for pals of the government = Only government cronies were permitted to act as if they were in a liberal economy rather than a state-controlled one.
Free · every Monday

Get the Weekly English Kit 📬

New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.

6 Answers
0
Privatisation was for pals of the government = Only government cronies were permitted to act as if they were in a liberal economy rather than a state-controlled one.
0
How did you draw the conclusion? Does the word "pals" here mean friends?
0
rpsh Does the word "pals" here mean friends?
Yes, close friends of politicians.
0
Got it. So I think the writer here is ironic according to your paraphrase. Right?
0
I don't think he is being ironic at all—he is stating the bald situation.
0
I relate it to China's socialism which is on the basis of public ownership. And what the writer has said in the posterior part is similar to the situation of us, or worse than ours. while he said that 'Privatisation was for pals of the government.' So I figure he is ironic.

Related Questions