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Area: WoT Operations    WoT Background    Non-WoT        Politix   
Taliban military commission chief killed in Afghan intelligence operatives raid
Today's Headlines
Headline Comments [Views]
Page 4: Opinion
15 21:57 M. Murcek [6] 
4 17:55 phil_b [2] 
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Page 3: Non-WoT
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Page 6: Politix
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1 13:10 Bobby [4]
Arabia
Why are Muslim countries poor?
[ENGLISH.ALARABIYA.NET] One of the favorite tropes of radical Islamists is that Muslims all over the world are being oppressed and held back by Western Crusaders and Zionists. The reason why more than one billion Muslims live in poverty and deprivation cannot be anything but the fault of evil forces who wish to undermine Islam.
Weren't they poor and oppressed and such when the Europeans took over their governance?
This, I have argued again and again, is nonsense and wishful thinking. Though there are systematic imbalances in the global economic system which are greatly unfavourable to many Muslim countries, those same imbalances strongly favor other Muslim countries: think of all the wealth of Muslim countries and geopolitical power that brings.
Sitting on large puddles of oil should bring in a bit of money for Moslem countries. If the money goes to the rulers and not to the populace that's tough luck, not our fault.
And if the reason why so many Muslims are poor and oppressed, why are they just as poor and even more oppressed in just those countries with the largest natural resources? Is it Zionists and Crusaders that treat like slaves millions of Pak and Bangladeshi migrant construction workers in the Muslim countries? Is it Zionists and Crusaders who kill Muslim civilians in droves, in Syria, Iraq, Yemen, Libya, Pakistain, Afghanistan, Nigeria, and so many other countries?

And last, but not least, is it Zionists and Crusaders who plunder the wealth of Muslim countries? Perhaps that was once the case, in the heyday of Western colonial expansion in the Middle East. But that was well over half a century ago. The world has moved on. And now those countries are plundered by their own political and military leaders.

The Pak example is particularly close to my heart ‐ as I am very familiar most of the players. But in a country with some of the worst illiteracy and poverty rates in the world, its leaders over last few decades from all parties have managed to buy some of the most expensive real estate in the world in London and elsewhere. And not just for themselves but for their children too.

Alleviating poverty
Now leaders from all over the world have been caught up in scandals. But say what you want about the Chinese politburo, they have first made their country wealthy, and only after started pilfering away public funds.

They have built their country’s infrastructure, they have built one of the best education systems in the world, have raised hundreds of millions of people out of poverty through sheer hard work, not just with the good luck of having ample natural resources, and built the world’s second-most important economy ‐ and then they took a few million dollars here and there for themselves and their families.

Now compare this to Muslim leaders. In countries that 50 years ago were in much, much better shape than China, three generations of leaders have plundered their countries dry of billions, have destroyed some very good education systems in the process, and have kept getting into wars which precipitated the destruction of whatever infrastructure was left from the colonial era.

So who do we have to blame for the woes of the Muslim world? Do you still believe it is the fault of colonial powers and American neo-imperialism? It would be convenient if that were the case.

Especially since that way we are excused from doing anything about it ourselves. But the true reasons for the state in which the Muslim world finds itself today are rather closer to home: the venal, corrupt leaders, but also, our indolent, passive societies.
Building wealthy, developed societies requires hard work, dedication, integrity, and commitment to making a good life for all of us in our societies. Too many Muslims would rather skip all that and just blame someone else for why their country is not as dynamic as China, or as wealthy as the West.
Too heavy a reliance on string music ?
Posted by: Fred || 04/21/2016 00:00 || Comments || Link || [6 views] Top|| File under:

#1  Because Muslims lack a work ethic and are bent on enslaving everyone? Just a guess...
Posted by: Raj || 04/21/2016 0:42 Comments || Top||

#2  I'd highlight 2 reasons.

1. Inshallah - Nothing is actually your responsibility.

2. Clans/Tribal societies that view everything as a zero sum game.
Posted by: phil_b || 04/21/2016 4:15 Comments || Top||

#3  the various prohibitions on the use of debt financing alao inhibit wealth creation

the requirement to visit Mecca also prevent many muslims from accumulation of workable capital
Posted by: lord garth || 04/21/2016 5:57 Comments || Top||

#4  Because Biology is Destiny.
Posted by: g(r)omgoru || 04/21/2016 6:48 Comments || Top||

#5  cousins marrying cousins leads to retardation.
Posted by: Chaith Oppressor of the Lutherans1517 || 04/21/2016 7:44 Comments || Top||

#6  Why are poor countries Muslim?
Posted by: KBK || 04/21/2016 8:30 Comments || Top||

#7  Still takes me back to one of Michael Yon's posts from 2005

He apparently updated it in 2008, but the first section, 'Kashmir: Then' is still relevant.
Posted by: Mullah Richard || 04/21/2016 9:33 Comments || Top||

#8  Hey, phil_b, that sounds like liberal/progressive "values"!
Posted by: AlmostAnonymous5839 || 04/21/2016 9:49 Comments || Top||

#9 
Posted by: Unearong Whomort2812 || 04/21/2016 10:10 Comments || Top||

#10 
1. Inshallah - Nothing is actually your responsibility.

2. Clans/Tribal societies that view everything as a zero sum game.


Why the Left so identifies with Muslims.
Posted by: Procopius2k || 04/21/2016 10:15 Comments || Top||

#11  Cousins marry cousins. The aborigines in Australia were even smarter than that - Google "Australian Aboriginal kinship". The reason that Arabs marry relatives is to concentrate wealth.
Posted by: Spoter Hapsburg3549 || 04/21/2016 11:19 Comments || Top||

#12  Some ENGLISH.ALARABIYA.NET editorial writer is about to added to a list for execution, I fear.
Posted by: Bobby || 04/21/2016 12:49 Comments || Top||

#13  SpoterHapsburg - re 'the reason Arabs marry Arabs is to concentrate wealth', how ironic is your nym, considering the similar history of the European monarchy, especially the Hapsburgs...
Posted by: Glenmore || 04/21/2016 13:46 Comments || Top||

#14  Didn't work out well for them after a few centuries, Glenmore.

A few rich aristocratic families still around, but without the 'wealth and health' of the earlier sets.
Posted by: Mullah Richard || 04/21/2016 16:58 Comments || Top||

#15  As the old joke goes - Why are there no Muslims on Star Trek? Cause the stories take place in the future...
Posted by: M. Murcek || 04/21/2016 21:57 Comments || Top||


Economy
How Europe Fixed Its Too-Big-to-Fail Problem
Interesting piece from Politico (of all places) that discusses the problem of "too big to fail" banks. The article rather wisely notes that banks can't finance the once-every-twenty-years failures of the world banking system, and so should be prohibited from doing the things that lead to these failures.

I certainly don't have the expertise to dissect this in detail, and perhaps there's a counter-argument to letting Wall Street have its way more. But if I were a pol and knew that Wall Street wasn't going to support me anyway, I'd be pushing these ideas.
Posted by: Steve White || 04/21/2016 00:00 || Comments || Link || [2 views] Top|| File under:

#1  barring banks from crisis-inducing behavior was the best remedy

But it doesn't explain why. The problem is perverse incentives. If crises come along every 20 years, then if you are a banker who gets a yearly bonus based on performance, your best strategy is to take big risks, because you will make big bonuses for 19 years, then make none and could well get fired in the 20th year. So what. You've already made a pile of money in the preceding 19 years.

The solution is to bar everyone from trading derivatives etc, except those who trade with their own money or money from people who have explicitly signed on for this trading. The Lloyds of London model.

BTW, the size of the bank is immaterial. It's the size of the failure that matters.

Posted by: phil_b || 04/21/2016 4:55 Comments || Top||

#2  ...except those who trade with their own money or money from people who have explicitly signed on for this trading.

No margin. No banks that are FDIC'd.
Posted by: Procopius2k || 04/21/2016 10:14 Comments || Top||

#3  End FDIC & there will be a huge run on banks. Banks pay virtually no interest now, so why bother to maintain a bank balance?
Posted by: Anguper Hupomosing9418 || 04/21/2016 14:56 Comments || Top||

#4  I see the perverse incentives problem is recognized, and the regulators plan to address it through bonus deferral and clawback rules.

Link
Posted by: phil_b || 04/21/2016 17:55 Comments || Top||



Who's in the News
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Two weeks of WOT
Thu 2016-04-21
  Taliban military commission chief killed in Afghan intelligence operatives raid
Wed 2016-04-20
  Chotoo gang surrenders to Army, releases hostages
Tue 2016-04-19
  Hundreds wounded in Kabul suicide attack
Mon 2016-04-18
  Ivory Coast Attacks 'Number Two' Arrested in Mali
Sun 2016-04-17
  Dozens of Hezbollah militants 'accidentally' killed in chemical attack
Sat 2016-04-16
  UK police arrest 5 in terror probe
Fri 2016-04-15
  Sharia police preacher faces terrorism charges
Thu 2016-04-14
  SSS announces arrest of another ‘top Boko Haram terrorist’
Wed 2016-04-13
  Belgian police arrest 3 in Paris terror attacks investigations
Tue 2016-04-12
  Saudi FM: Red Sea islands have returned to the kingdom
Mon 2016-04-11
  Ahrar al-Sham commander slain in Aleppo clashes
Sun 2016-04-10
  Four Brussels suspects charged with terror offenses
Sat 2016-04-09
  Lebanon sentences ex-minister Samaha to 13 years in prison
Fri 2016-04-08
  Danish Police Arrest Four Alleged ISIL Fighters, Seize Weapons
Thu 2016-04-07
  Secular Bangladeshi writer murdered in the street


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