World acclaimed Egyptian economist and thinker, Samir Amin, has died on Sunday in Paris. He was 86.
Amin was born in Egypt in 1931 to an Egyptian father and French mother and spent his youth in Port Said. After studying in Egypt, he continued his diploma in political science in Paris in 1952, before getting a degree in statistics and then a doctorate in economics.
He worked first in Cairo at the Institute for Economic Management from 1957 to 1960 then moved between countries until becoming director of the Third World Forum in Dakar, Senegal in 1980.
He authored many books including The Liberal Virus 2003, A life Looking Forward 2006, Accumulation on a World Scale 1970 and Capitalism in the age of globalization 1997.
In an interview with Ahram Online in 2012 Samir Amin said that he believes that "this neo-liberal phase is in state of collapse. It doesn't mean that capitalism is collapsing; but that its current form is collapsing and we're entering a new phase. It has to adapt, and whether the new system will be biased to the ruling class or the masses, is still be revealed."
He also said that "We should not just look at the Muslim Brotherhood as a political Islamist power but as a backward movement that rejects workers movements and social justice, preferring to talk about charity as a form to ensure their control over the people. The Islamists accept the policies of dependency under the guise of open market and private ownership rights; they openly accepted the American role in the region and the USA support for Israel, including the Camp David agreements."