In addition to restructuring property rights in accordance with classical liberalism, this program aims at laying solid philosophical and social foundations for private property as an inalienable individual right and an essential condition for economic efficiency and prosperity.
Private property is considered secondary in the Egyptian Law. Article 32 of the constitution reads: "Private Property is manifested in non-exploitative capital. The Law shall regulate the performance of its social function in service of the National Economy and within the development plan, without deviation or exploitation. In the ways of its utilization, private property should not contravene the public good of the people". While article 34 of the constitution states that "Private Property may not be confiscated except for public interest and for compensation according to the Law", Law 10/1990 on the Confiscation of Private Property for Public Interest gives government the authority to define anything as Public Interest (article 2). Moreover, private and public violations of Private Property are common under a complex and contradictory civil code and a slow and inefficient judicial system. While protection of intellectual property witnessed significant improvement after the enactment of Law 82/2002, lack of legal deterrents and public apathy render the law ineffective in many cases, especially with regard to the prevention of copyright piracy in software and computer-based entertainment.
In addition to restructuring property rights in accordance with classical liberalism, this program aims at laying solid philosophical and social foundations for private property as an inalienable individual right and an essential condition for economic efficiency and prosperity.