The Arabist

The Arabist

By Issandr El Amrani and friends.

Sisi plagiarized his "spare change" idea

There has been much hullabaloo in the last couple of days about Egyptian President Abdelfattah al-Sisi's idea that transactions in Egypt's banking system should be rounded off to the nearest pound, with the "spare change" (i. e. whatever is left in piasters) donated to the government to, you know, pay for stuff.

Sure, the idea seems like a silly back-of-the-enveloppe calculation that an out-of-his-depth ruler has casually come up with because he has no economic vision for his country beyond a general sense that people are not sacrificing enough and that there should be more prestigious mega-projects run by the army. Yes, he could be clutching at straws because, while Egypt was in pretty dire straits when he took over in 2013, he has not improved economic fundamentals nor set the country on a path to reform

Of course, I'm not an economist, so all these assessment could be wrong and Sisi may actually be doing brilliantly. Who knows. The only thing I'd like is for Sisi to acknowledge where he got his idea from: 1999's cult comedy Office Space, in which disgruntled employees scam their company's credit union by introducing a virus into the computer system to syphon off fractional remainders of pennies from transactions. This shows he has better taste in movies than I thought, but, come on – credit where credit is due.

(By the way, anyone seen the printer at the presidency lately?)