Announcement

Collapse
No announcement yet.

The Billionaire Who Beat Hezbollah

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • The Billionaire Who Beat Hezbollah

    THE BILLIONAIRE WHO BEAT HEZBOLLAH

    Forbes
    http://www.forbes.com/2009/06/08 /hariri-lebanon-march-face-markets-hezbollah.html
    June 8 2009

    Tycoon Saad Hariri's anti-Syrian bloc wins after an election campaign
    greased with money and fear.

    LONDON -- If George W. Bush had still been President of the United
    States, he no doubt would have trumpeted the Lebanese elections on
    Sunday as a triumph for democracy and Western values, despite the clear
    sectarian divides still scarring the country. Instead, the task fell
    to Saad Hariri--the Sunni Muslim billionaire whose carefully-groomed
    facial hair betrays his Saudi upbringing--to try and paint the victory
    of his anti-Syrian electoral bloc as moderation's defeat of extremism.

    "Democracy won today," said Hariri, in a victory speech overnight,
    "and the bigger winner is Lebanon." His father, Rafik Hariri, whose
    sprawling business empire and Oger conglomerate led him to be known as
    "Mr. Lebanon," was assassinated in a car-bomb attack in 2005. Since
    then, the Saudi-born Saad has personified resistance to Syrian and
    Iranian intervention in Lebanon, heading the so-called "March 14"
    alliance alongside various Christian, Druze and Armenian parties,
    named after the date when massive protests over Rafik Hariri's murder
    pushed Syrian troops to withdraw from the country.

    Judging by this election, it takes fear and money to promote democracy
    in Lebanon. Government supporters feared that the Shia Muslim militant
    group Hezbollah, seen as an armed puppet of its backers in Syria
    and Iran, would win a parliamentary majority with its own allies
    and spark a national crisis. The Hariri bloc knew how to exploit
    this fear on the campaign trail when it claimed that a victory for
    the Hezbollah-led opposition would lead to a tripartite sharing of
    government and administrative posts between Shia Muslims, Sunni
    Muslims and Christians. They are currently only shared two ways,
    between Muslims and Christians.

    A related fear was also how the international community would react to
    a Hezbollah victory. American Vice-President Joe Biden visited Lebanon
    last month to say in no uncertain terms that a Hezbollah-led government
    should not expect American aid to flow as freely as before. U.S. ally
    Saudi Arabia is also a strong financial backer of Lebanon, supporting
    Sunni interests in the deeply-fragmented country. And although Israel
    failed to bomb Hezbollah out of existence in the 2006 Lebanon War,
    an electoral victory for the Shia group might heighten the chances
    of another conflict.

    Then there was money. Cash came in handy when flying Lebanese
    expatriates into the country to cast their vote on Sunday, a tactic
    which all sides reportedly dabbled in. Tales abound of parties buying
    $700 plane tickets for citizens abroad, with Iran, Syria and rival
    Saudi Arabia reported to be contributing to a $1 billion travel pot in
    total splashed across the country. Evidently March 14 still managed to
    tip the balance in this arena, with Hezbollah's main Christian ally,
    Michel Aoun, failing to tear crucial votes away from Christian allies
    of Hariri like the right-wing Phalangists.

    It would be unfair to see this as a stolen election, however. Hezbollah
    clearly did not do itself any favors by talking up its achievements
    of May 2008, when it turned its guns inwards for the first
    time and stormed Sunni neighborhoods to extract veto power from
    the government. Nor did it cut a convincing figure as a party
    of establishment politics rather than pugnacious opposition,
    particularly at a time when Lebanon and Syria are finally moving
    towards a rapprochement and when Lebanon's crippling public debt
    requires a healthy dose of stability.

    So what next for Saad Hariri and his victorious movement? IHS
    Global Insight analyst Gala Riani thinks that he and March 14 will
    have the upper hand in negotiating a new coalition government with
    Hezbollah--a necessary evil considering March 14 won just 71 seats
    out of the 128-seat parliament. Talks could see Hezbollah stripped
    of some of the extra powers it wrestled out of the government last
    year, such as the blocking minority in the cabinet for it and its
    allies. Hariri could even end up as prime minister, even though he
    does not seem eager to take on the role of government head.

    One thing looks certain: Lebanon's ever-shifting political alliances
    will not stay fixed for long. "There is scope for unexpected
    alliances," said Riani, "and not for the first time."
Working...
X