Historically, Marxist and socialist regimes across the Middle East, Africa, Eastern Europe, China, and South America ect. have implemented policies and central planning that often resulted in widespread poverty.

Their excessive focus on state control, lack of individual incentives, and inefficient resource allocation hindered economic growth and innovation. These regimes failed to recognize the importance of free markets, private property rights, and competition, leading to stagnation and scarcity.

Furthermore, their disregard for personal freedoms and human rights further contributed to economic and social hardships for their citizens.

While some of these regimes may have aimed to address inequality, their misguided policies ultimately exacerbated poverty, stifled entrepreneurship, and hindered overall prosperity.

Shaykh Shadee Elmasry on what happened in Egypt:

@DrShadeeElmasry